“…the cost-of-thriving index (COTI), which starts from a simple premise: Americans must prioritize five sets of goods when providing for their family. That includes food, housing, health care, transportation and higher education. Those who can pay for those needs without worry can enjoy some luxuries without risking their children’s future”
“The news is sobering: In 1985, it took 39.7 weeks of work each year to pay for these things, giving families plenty of room to enjoy other consumer goods and luxuries. But today, it takes 62.1 weeks of work to cover the same expenses. In other words, about 40 years ago, the median American family could enjoy a middle-class life on one earner’s paycheck. Today, it takes two.“
Think of these things that didn’t exist for my parents when they were young parents-
Cable TV and/or HULU, Cell phone service, high employment taxes for SS and Medicare, internet connection,