Calls for trade overhaul after decades of economic stagnation
Housing remains a problem, but only for a few reasons, including that there isn’t enough affordable housing.
On the bright side, housing prices are falling in every maj강남출장마사지or metropolitan area – or at least they were before the recovery began. The average price for a two-bedroom house in the U.S. now sits at just under $600,000, up from just over $500,000 last year, according to Zillow. That was up from 우리 카지노around $500,000 five years ago. Meanwhile, the nation’s overall median income rose to $49,000 from $47,000 a decade ago.
But even that gain is not enough to cover the rising costs of buying a house. As our colleague Robert George noted, the cost of rent rose 40.1 percent from $1,716 to $2,717 this year.
Also, those costs of buying houses have increased, but by far less than the cost of driving an average American family to work each week.
We found that the average cost of 파라오 카지노a home in New York City has continued to grow in every single year since 2001. And the median house price has more than doubled, from $250,000 in 2004 to $450,000 in 2013.
Still, a home is still expensive. According to Zillow, the average home price is now over $250,000 in Seattle, over $300,000 in Phoenix, over $350,000 in New York City and over $400,000 in San Francisco.
But housing is not the only problem facing the typical American household. According to our analysis, the cost of a year’s college has quadrupled in the last ten years, to $3,100 a year. This year is on track to be the first full year without any federal financial aid for the average student. That’s the worst time ever.
And although the national average earnings haven’t grown at a rate that will translate to living within the national income level, it has gone up considerably. Last year, the median income for the top half of households was $964,000. This year it’s about $1,000,000.
We’re not sure what’s behind all this income growth for the median family in America, except that it’s caused by lower household debt. According to a 2014 study by the Pew Research Center, a growing share of Americans are unable to pay down debt because of an increase