Source: The Atlantic

Despite America’s economy being at its strongest, one in three households in America is considered “financially fragile,” reports The Atlantic.

This has much to do with the skyrocketing prices of housing, which have become unaffordable for most families; it also has to do with healthcare costs, childcare costs, and the cost of living altogether.

“The price of housing represents the most acute part of this crisis,” reports The Atlantic.

Housing prices are worse in San Francisco in New York, but they are present all across the country, even in rural regions where wages are not keeping up with rising housing costs.

Because of it, homeownership has dropped to 65 percent, and more families are renting instead. But healthcare costs have also contributed to this drop. The Atlantic reports that though Americans pay twice as much as most people in other countries, they do not receive better services.

Read Full Story: The Atlantic

 

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America’s Families are Financially Fragile, Due to the Cost of Housing and Health Care