I wonder, though, what percentage of those people already have families. I was part of that demographic not that long ago. Had I needed to support a family then, I'd likely still be in that demographic. No doubt, many people will not be able to pull themselves up regardless.
As an aside, my wife and I are good friends with a couple who only recently let us know that the husband (single earner for the family) has been unemployed since last year, and that they were completely broke and on assistance programs. We were floored, we had no idea, but in hindsight it explained some behaviors we'd witnessed. Anyways, I mention it because they have two young kids, and are trying to have another one. I just can't fathom how, given what they're going through, that having another child is in any way a sensible decision.
It's a sad state of affairs we find ourselves in. Housing prices are astronomical, healthcare costs keep increasing, all while wages remain stagnant. I have great empathy for what people are going through. I'm always mindful that you never know what can happen, one major health issue and it can all go away.
As an aside, my wife and I are good friends with a couple who only recently let us know that the husband (single earner for the family) has been unemployed since last year, and that they were completely broke and on assistance programs. We were floored, we had no idea, but in hindsight it explained some behaviors we'd witnessed. Anyways, I mention it because they have two young kids, and are trying to have another one. I just can't fathom how, given what they're going through, that having another child is in any way a sensible decision.
It's a sad state of affairs we find ourselves in. Housing prices are astronomical, healthcare costs keep increasing, all while wages remain stagnant. I have great empathy for what people are going through. I'm always mindful that you never know what can happen, one major health issue and it can all go away.