Bouncing Back: How American Families Are Dealing With The New Cost Of Living

From my analysis, people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

As a person without kids and not on disability, there's no help

Buy a house? He makes minimum wage she doesn't work lol you can't buy a house in Mexico on that income

Bread machines at thrift stores and yard sales are very cheap. She can make gluten free bread in bigger loaves and way less than buying it. You can also make oat milk very cheaply and save the store pricing.

It looks like the first couple needs some more discipline in other areas as well.

Did Steph remind her that her husband working for Uber means he isnt making any money at all -- while the "money every night" is nice for desperate people, you can easily put 20-40,000 miles on your car per year doing Uber, accelerating the maintenance costs on that car and necessitating the buying of a new/used car much earlier than you planned?

My neighbors started stealing my water when I go to work. My water bill has doubled in the last few months. I bought some outside water faucet locks to stop the theft. I guess they decided to deal with the cost of living by becoming common criminals!

Let's face facts. It takes a two person income to sustain a household. Also, if you are barely making it, have debt, and no emergency fund; reconsider your choice to have a child right away.

Stop buying useless crap like sandwich cutters. You already had one. It's called a knife.

I am also gluten free and dairy free. I simply dont eat bread, akd i dont purchase expensive dairy substitutes. Why dont people get this???

Instead of paying for cloud storage, get an external hard drive. You can store a ton of photos and all your critical documents.

I Downsized my life since the 2008 RECESSION!...I LIVE my life SIMPLE but nice, DEBT free , Spirtual, Healthy!.....I constantly live on a budget!...I only have myself and my Pomeranian dog ....I pay my car insurance every 6 months.....And pay rent, food, lights, household items each month. Thank God my 2011 Kia RIO is in mint condition, well maintained, just hit about 67,000 miles, and NO issues!...over the 10 years I've had it, I only had to buy tires, belts, sensor, spark plugs and coil pack, yearly oil changes!...

Cut the credit cards up , save for everything you want , look for free stuff , look at goods that are imperfect but work , swop clothing with family and friends , buy goods that are reduced in bulk if its something you need and use , have a jar for change , pay with cash ,

My son is autistic and so I totally understand her struggle. I wish them good luck and hope they will be able to get through this tough time.

I have never understood why vacations and Christmas presents are even in peoples minds when they are having a hard time paying bills. We finished paying our mortgage on 24/12/21 and that was our Christmas present to ourselves. Before that we hadn’t had a vacation in over five years. Never had a credit card in my 50+ years and after getting into debt on $5.000 loan, and paying it off in my early twenties, I vowed no bank was going to get my hard earned cash in those kind of bank fees ever again. My credit score is in the 900’s and hasn’t dipped below that range in over twenty years. I know it’s hard when you have kids, to not want to give them what they want at Christmas, but if more people sat down with their kids and did research on budgeting and savings tips , instead of the latest expensive gadgets, then a lot of kids would grow up with a healthier attitude towards money. If you give your child an allowance, there apps geared to children that show them about money management and which you can view to see how they are doing. They are never too young to learn these type of life skills.

Looks like they eat Well.

She needs to earn an income. Cooking from scratch and at least working part time. When I see clutter I see money wasted

Can't pay bill but want to go on a vocation. hahaha.

Yes let's get these little tips thanks, we'll just pretend wage inequality doesn't exist, the system isn't stacked against us, and quality of life isn't way down because of it. This has been done to us, don't wonder why violence is up.

She should get a prescription from the pediatrician for special breads/foods through wic.