GoFundMe Housing Campaigns Surge 400% Amid Cost-of-Living Crisis
GoFundMe reports a fourfold increase in campaigns for basic necessities like housing in 2023, reflecting widespread economic hardship. The surge highlights how rising inflation and housing costs are pushing more Americans to seek crowdfunding assistance for essential needs.
Gen X Parents Face Financial Strain Supporting Adult Children into Adulthood
A U.S. Bank survey reveals 53% of Gen X parents worry about financially supporting their adult children, spending an average of $1,384 monthly. This 'sandwich generation' faces unique pressures while balancing support for both aging parents and adult children in today's challenging economic landscape.
Retirement Crisis Looms: One-Third of Older Homeowners May Never Stop Working
A troubling survey reveals 29% of American homeowners over 50 doubt their ability to retire as planned, with many expecting to work indefinitely. Financial pressures, including insufficient savings, rising costs, and inflation, are forcing difficult choices between retirement plans and daily expenses.
Australia's Housing Crisis Pushes 10,000 Into Homelessness Monthly, Including Working Professionals
A stark UNSW report reveals monthly homelessness increasing by 22% over three years in Australia, now affecting employed professionals like teachers and nurses. The crisis is driven by a 29% real increase in rental costs, with social housing availability dropping significantly despite growing demand.
Housing Paradox: Boomer Wealth Fails to Secure Retirement Living Options
Baby boomers, despite accumulating unprecedented home equity, face a critical shortage of accessible retirement housing. With less than 4% of US homes equipped for limited mobility and soaring costs, many find themselves trapped in unsuitable properties despite their apparent property wealth.
High-Earning Millennials Choose DINK Lifestyle as American Dream Grows Unaffordable
A new Harris Poll reveals that even six-figure earning couples are delaying or forgoing children due to financial concerns, with 74% of DINKs believing parenthood would impact their stability. The trend reflects broader economic challenges facing younger generations, from housing costs to student debt.