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Majority of Americans Today Think Financial Future For Their Kids Will Be Worse

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Median home values in the U.S. have increased steadily over the years to the point where it has some questioning whether or not it might be headed for a bust.

Back in the 1940s the median price for a home in the United States was around $3,000, which moved up to about $47,200 in the 80s, and more than $100k for a home by 2000. Home values are outpacing incomes and inflation and it is becoming more difficult for younger buyers to get into the market today.

It isn't that individuals who want a home who don't yet have a home aren't working enough. There are families with 2 full time working professionals who still might struggle with home ownership in some areas. Picking up and abruptly moving also isn't an ideal or doable situation for everyone.

Previous generations had a lot easier time when going to buy their first house and it isn't going to be like that ever again, it will only become increasingly harder for future generations.

One previous investigation recently found that minimum wage workers cannot afford rent in the U.S. today for a 2 bedroom apartment. It is a struggle for millions who continue to see prices rise and not much hope for the future.

Majority of Americans today think their kids will be worse off financially

A new PEW Research survey suggests that the majority of Americans today believe that their kids are going to be worse off financially than they were.

There is a great deal of pessimism for what the future could hold, fear for inflation, higher prices, and the general failure of government to solve serious problems.

Today we see that millions of Americans still struggle with debt and aren't ready to handle even a small financial emergency if it were to come up, without having to ask someone else for assistance.

54 percent of Americans live paycheck to paycheck

How many Americans are living paycheck to paycheck? It isn't only low income earners who you might expect enduring this struggle. Previous investigation has found that about 40% of Americans with incomes over $100k per year are living paycheck to paycheck.

It is incredibly difficult for those individuals who are living paycheck to paycheck to drastically change their life, endure a web of occupational licensing or overpriced schooling etc, to try and achieve a better situation for themselves. And when you see some of the prices that people are paying for homes around cities in the U.S. you might even ask yourself, should they be worth that much? Or is there a bit of a bubble? And if there is a bubble, will that bubble ever pop?