Jobs, Inflation and Housing increasing 423% Bitcoin trading flat?

Living in America has become increasingly challenging due to a combination of high costs, stagnant wages, and significant inflation, impacting the affordability of housing, childcare, and basic necessities.
Housing and Cost of Living
The cost of housing is one of the most significant contributors to the financial strain on American households. Home prices have surged dramatically, making homeownership a luxury rather than an attainable goal for many. The median price of a new home in late 2023 was $417,700, reflecting a 423% increase in home price inflation​ (Marketplace)​. This escalation has particularly impacted desirable urban areas like San Francisco, Los Angeles, and New York City, where real estate has become an investment vehicle rather than merely a place to live​ (Knowledge at Wharton)​.
Wages and Employment
While employment numbers have improved, with significant job growth reported, wages have not kept pace with the rising cost of living. This disparity has led to a situation where even middle-class families struggle to make ends meet. Middle-class life is now 30% more expensive than it was two decades ago, exacerbated by rising costs in housing, childcare, and healthcare​ (Knowledge at Wharton)​. In some of the most expensive states, such as Massachusetts and California, a single adult needs to earn well over $100,000 annually to live comfortably​ (SmartAsset)​.
Inflation and Economic Policies
Inflation has been another critical factor. Despite efforts to curb it, consumer prices have risen substantially, with a 203% increase overall since the early 2020s. This surge has impacted everything from food to housing, making everyday living more expensive​ (Marketplace)​. Economic policies aimed at managing inflation and stimulating growth have had mixed results, often benefiting corporate wealth rather than significantly improving wages for average workers​ (Knowledge at Wharton)​.
Political and Social Implications
The economic pressures have had profound political and social implications. Many Americans feel a growing sense of financial insecurity, which is influencing political behaviors and policy preferences. There is a push for reforms that include affordable housing, better wages, and improved social safety nets. Advocates argue that addressing these systemic issues requires voting for policies that prioritize the needs of the middle and working classes over corporate interests​ (Knowledge at Wharton)​.
In summary, living in America today is increasingly challenging due to the high cost of living, insufficient wage growth, and significant inflation. Addressing these issues requires comprehensive economic and social policies that support affordable living and equitable wage distribution.

[@ASOUL-rb9re]

I want a refund. This world fails the reincarnation test. I do not want to come back here.

[@Cryptokent]

Let know how to find that portal sounds like a good idea!

[@ASOUL-rb9re]

@@Cryptokent It's on my channel. A new system. A new practice.

[@teaadvice4996]

Everything is so expensive bitcoin looks cheap

[@anewcreature7]

What are you waiting for?

[@Cryptokent]

I like this comment!

[@kosher_pig]

Let's bring back the $500 dollar bill!

[@Cryptokent]

maybe even the 100,000 dollar bill

[@unkono]

We need a 1 Trillion dollar bill like Zimbabwe.

[@Cryptokent]

@@unkono coming soon buy bitcoin

[@phoenix9677]

There isn't as many jobs or projects. Even the critical stuff like what I do (power) isn't as much as you would think. If they do have jobs, they are paying about what they did a few years ago. While these roles are above average, the inflation has really eaten away on that prior view of even six figs being comfortable in southern California. It might now require $250-400k here considering taxes and mortgage payments along with cost of food for a family. Cheers from the mountains....the boonies of calii

[@Cryptokent]

Thanks for the comment not sure what you mean but appreciate it.

[@phoenix9677]

@@Cryptokent what do you mean ? I mentioned in So Cal, we prob need more like $200k - 400k per year.....and just said hello from the mountains where I watch your show....

[@Cryptokent]

@@phoenix9677 Ok thanks where in the mountains?

[@phoenix9677]

@@Cryptokent lake Arrowhead. There are very limited areas where even an engineer can afford with this economy

[@KnightSoulsG]

Income management
Cutting expenses

[@Cryptokent]

Yes if that was enough