Raising Inflation In Housing
The income level for average families to live an adequate yet modest standard living is important to economic statistics. While poverty threshold live a free economic distressed live due to welfare and medicare, the average native family struggles to make ends meet with how the government is ran. The living cost for a family of 2 adults and 2 kids ranges from $49,114 to $109,493 (as of 2015) depending on what part of the country you live. Housing alone is an expensive measurement, then there is also the cost of food, clothes, and necessities. Especially having more than 2 people to a family. Everyone wishes to have the perfect life and to be rich and careless, but in this country, our economy has skyrocketed to the max with expenses and the cost
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of living.
Housing in America has plummeted since the housing market crashed in ‘07.
Before then, buying and renting houses was never hard to figure out (expense wise) because they were always affordable. One study shows that all renters spend more than 30% of their income on rent and utilities. (Lam, Bourree) Some Americans think that raising in housing prices isn’t a bad thing. They think that investing in a house is a smart thing to do according to the article.(Roth) I personally think that inflation in housing going up is a bad thing because then it creates more problems with people being able to afford shelter. It creates more homeless people and more over populated places. People are even struggling with paying for food and clothes let alone paying rent for a 1 bedroom apartment. Not only do you have to pay for rent but utilities is also an expensive thing. Some places utilities is including like if you lived in an apartment but in houses you have to pay for them separately. If you didn’t pay for utilities, you wouldn’t have water or electricity. With making ends meet every month for rent, most American’s in the lower-middle class barely reach being able to pay for both and having a little money left over for food and
clothes.
Food is an important role that plays in with living expenses. Food isn’t cheap nowadays and most “cheap” food is fattening, not good for you, foods. Most american’s can tell you that one of the hardest things to deal with in life is weight-loss and gaining. Living in a country where you have to worry about paying for a shelter and having to rely on unhealthy food just so you don’t starve to death is ridiculous. Most healthy food like vegetables, fruits, and organic produces are so expensive that not everyone who wishes to eat them can. Health and wealth are related in many different ways. First, there is the sheer cost of unhealthy habits. Eliminate a $10 a day junk food habit, for example, and you can save $3,650 annually.(Rutgers) Just by cutting out $10 a day you save $3,650 which could go towards other important things. Living off of fast food and unhealthy foods gets to be expensive in the long run even if in the moment it doesn’t seem like it’s so expensive. Also decreasing your intake of unhealthy foods can save you $2,200 to $5,300 in medical bills due to diabetes or other serious health related issues.
Financial problems can affect a person's health status and vice versa. For example, overdue medical bills can result in physical symptoms of stress (e.g., migraines, insomnia, and anxiety) and/or delayed or inadequate treatment. (Rutgers.) Stress with health concerning food intake can get pricey not only in expense wise but with your physical health too. The American Dream isn’t just about paying for shelter and food, but also other necessities too. College, sports, activities, gas, etc. College is an expensive opportunity to pay for and required to have for most successful jobs in life. Most adults now will tell you they’re still paying off their student loans even when they’re out of college and into their career. Most schools in-state are well over $15,000 without grants, (US News), and if you’re looking to go out of state you’re looking at atleast $20,000 without grants. About half of all college students get some sort of grant or scholarship to reduce their costs. But the size of the grant is typically modest. The averages range from $2,200 apiece to community college students to $7,700 apiece to private university students. But about half of all college students get no free money and have to pay the full price of college by borrowing, working, or withdrawing from their savings. US News. U.S.News & World Report, n.d. Web. 18 Apr. 2016. Well over every college student has to pay for their college tuition and this isn’t including boarding, food, and books. So if you were living on your own, paying for your own house, food, clothing, and college, you would most likely end up in debt and end up having to pull out study loans and grants and have to be paying them off once you get out of college and start your life. Say you wanted to join a sport or pick up an activity, paying for those gets expensive as well. On average you spend $5,000 in choosing a sport to pursue in. Paying for airfare if your team goes out of state for a game, paying for equipment, jerseys, shoes, safety equipment like helmets, mouth guards, knee pads, etc., these things all cost at least $50 or more. And if they break, then you have to pay for new ones. “Some people are not in the financial situation to pay for their kid to do it,” he said. “I think sometimes kids aren’t playing multiple sports anymore because it’s just too expensive.” Financial costs are easy to quantify. There are also the injuries and the psychological scars. (Sullivan, Paul)
As you can see, the average American spends so much money on trying to reach THEIR American Dream. Living expenses for housing is ridiculously pricey and continues to get higher, food intake and payment gets to be so much that it starts to affect your health, and paying for other necessities like college and sports, gets to be too much for one person to handle. Whether you have a family or just on your own, paying for your own things to guarantee your happiness and American Dream, is overwhelming for your own health and critirior as a person.
of living.
Housing in America has plummeted since the housing market crashed in ‘07.
Before then, buying and renting houses was never hard to figure out (expense wise) because they were always affordable. One study shows that all renters spend more than 30% of their income on rent and utilities. (Lam, Bourree) Some Americans think that raising in housing prices isn’t a bad thing. They think that investing in a house is a smart thing to do according to the article.(Roth) I personally think that inflation in housing going up is a bad thing because then it creates more problems with people being able to afford shelter. It creates more homeless people and more over populated places. People are even struggling with paying for food and clothes let alone paying rent for a 1 bedroom apartment. Not only do you have to pay for rent but utilities is also an expensive thing. Some places utilities is including like if you lived in an apartment but in houses you have to pay for them separately. If you didn’t pay for utilities, you wouldn’t have water or electricity. With making ends meet every month for rent, most American’s in the lower-middle class barely reach being able to pay for both and having a little money left over for food and
clothes.
Food is an important role that plays in with living expenses. Food isn’t cheap nowadays and most “cheap” food is fattening, not good for you, foods. Most american’s can tell you that one of the hardest things to deal with in life is weight-loss and gaining. Living in a country where you have to worry about paying for a shelter and having to rely on unhealthy food just so you don’t starve to death is ridiculous. Most healthy food like vegetables, fruits, and organic produces are so expensive that not everyone who wishes to eat them can. Health and wealth are related in many different ways. First, there is the sheer cost of unhealthy habits. Eliminate a $10 a day junk food habit, for example, and you can save $3,650 annually.(Rutgers) Just by cutting out $10 a day you save $3,650 which could go towards other important things. Living off of fast food and unhealthy foods gets to be expensive in the long run even if in the moment it doesn’t seem like it’s so expensive. Also decreasing your intake of unhealthy foods can save you $2,200 to $5,300 in medical bills due to diabetes or other serious health related issues.
Financial problems can affect a person's health status and vice versa. For example, overdue medical bills can result in physical symptoms of stress (e.g., migraines, insomnia, and anxiety) and/or delayed or inadequate treatment. (Rutgers.) Stress with health concerning food intake can get pricey not only in expense wise but with your physical health too. The American Dream isn’t just about paying for shelter and food, but also other necessities too. College, sports, activities, gas, etc. College is an expensive opportunity to pay for and required to have for most successful jobs in life. Most adults now will tell you they’re still paying off their student loans even when they’re out of college and into their career. Most schools in-state are well over $15,000 without grants, (US News), and if you’re looking to go out of state you’re looking at atleast $20,000 without grants. About half of all college students get some sort of grant or scholarship to reduce their costs. But the size of the grant is typically modest. The averages range from $2,200 apiece to community college students to $7,700 apiece to private university students. But about half of all college students get no free money and have to pay the full price of college by borrowing, working, or withdrawing from their savings. US News. U.S.News & World Report, n.d. Web. 18 Apr. 2016. Well over every college student has to pay for their college tuition and this isn’t including boarding, food, and books. So if you were living on your own, paying for your own house, food, clothing, and college, you would most likely end up in debt and end up having to pull out study loans and grants and have to be paying them off once you get out of college and start your life. Say you wanted to join a sport or pick up an activity, paying for those gets expensive as well. On average you spend $5,000 in choosing a sport to pursue in. Paying for airfare if your team goes out of state for a game, paying for equipment, jerseys, shoes, safety equipment like helmets, mouth guards, knee pads, etc., these things all cost at least $50 or more. And if they break, then you have to pay for new ones. “Some people are not in the financial situation to pay for their kid to do it,” he said. “I think sometimes kids aren’t playing multiple sports anymore because it’s just too expensive.” Financial costs are easy to quantify. There are also the injuries and the psychological scars. (Sullivan, Paul)
As you can see, the average American spends so much money on trying to reach THEIR American Dream. Living expenses for housing is ridiculously pricey and continues to get higher, food intake and payment gets to be so much that it starts to affect your health, and paying for other necessities like college and sports, gets to be too much for one person to handle. Whether you have a family or just on your own, paying for your own things to guarantee your happiness and American Dream, is overwhelming for your own health and critirior as a person.