Say you’re riding high — financially speaking. You’ve acquired a middle class lifestyle and enjoying all the perks that come with it: a nicer home, financial stability, a growing nest egg.
But inflation creeps up on us all; and, according to experts, there are things you won’t be able to afford anymore in the next five years.
“I’ve seen how the middle class currently enjoys some important aspects of life,” said Alyssa Huff, real estate expert and owner of Sell House As Is. “Like owning homes with manageable mortgages, sending their kids to college with the help of student loans, having healthcare coverage, saving for retirement, and even indulging in occasional luxuries.”
But looking ahead, she said she’s concerned about the future: “Rising housing costs, tuition fees, healthcare expenses, and inflation could make life tougher for middle-class families in the next five years.”
Huff said it might become harder to afford a home, send kids to college or save for retirement. Even simple pleasures such as vacations or buying nice things could become more challenging.
R&I – TP
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