{"id":27944,"date":"2021-11-22T04:15:24","date_gmt":"2021-11-22T12:15:24","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=27944"},"modified":"2025-02-28T09:27:38","modified_gmt":"2025-02-28T17:27:38","slug":"10-things-that-todays-middle-class-can-no-longer-afford-2","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id27944-10-things-that-todays-middle-class-can-no-longer-afford-2.html","title":{"rendered":"10 Things That Today&#8217;s Middle Class Can No Longer Afford"},"content":{"rendered":"<p><a href=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2014\/11\/middle-class.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-27972\" src=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2014\/11\/middle-class.png\" alt=\"middle class\" width=\"398\" height=\"352\" srcset=\"https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2014\/11\/middle-class.png 608w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2014\/11\/middle-class-300x264.png 300w, https:\/\/lenpenzo.com\/blog\/wp-content\/uploads\/2014\/11\/middle-class-50x44.png 50w\" sizes=\"auto, (max-width: 398px) 100vw, 398px\" \/><\/a>I was fortunate enough to grow up in a solidly middle-class family. We weren&#8217;t rich by any means; there were many times when we were forced to really <a href=\"https:\/\/lenpenzo.com\/blog\/id635-the-4-biggest-ways-to-stretch-your-income-2.html\" target=\"_blank\" rel=\"noopener\">pinch pennies<\/a> &#8212; but for the most part I never wanted for anything.<\/p>\n<p>According to the US Census Bureau, last year the average household income in America was <a href=\"https:\/\/www.census.gov\/library\/publications\/2021\/demo\/p60-273.html\" target=\"_blank\" rel=\"noopener\">$67,520<\/a>. Unfortunately, over time inflation has eroded the purchasing power of the dollar &#8212; and with increasing speed.<\/p>\n<p>Several years ago, USA Today highlighted <a href=\"http:\/\/www.usatoday.com\/story\/money\/personalfinance\/2014\/10\/25\/cheat-sheet-middle-class-cant-afford\/17730223\/\">seven<\/a> items that the middle class is finding increasingly difficult to afford: new cars, vacations, debt payments, medical care, dental work, emergency savings and retirement savings.<\/p>\n<p>After reading the piece, I only had one question: &#8220;That&#8217;s it?&#8221;<\/p>\n<p>Off the top of my head, I can think of at least ten other things financially responsible middle class families could afford in the 20th century &#8212; but struggle paying for today. I&#8217;m sure you can think of even more. Here&#8217;s my list:<\/p>\n<p><strong>A house.<\/strong> In 1962 my dad bought the 1700 sq. ft. Southern California house I grew up in for the inflation-adjusted equivalent price of $156,000. According to Zillow, my childhood home supposedly costs more than three times that much today.<\/p>\n<p><strong>Cigarettes.<\/strong> I worked at a grocery store as a teenager. I still remember packs of cigarettes selling there in 1983 for 81 cents; that&#8217;s equivalent to $2.23 in 2021 dollars. Good luck finding a pack for anything close to that today &#8212; which is why I say cigarettes are one of the <a href=\"https:\/\/lenpenzo.com\/blog\/id1083-beware-the-four-horsemen-of-personal-finance-3.html\" target=\"_blank\" rel=\"noopener\">four horsemen of personal finance<\/a>.<\/p>\n<p><strong>Disneyland.<\/strong> Growing up, my folks took my sister and me to Disneyland at least once a year &#8212; sometimes twice. And why not? In 1983, you could buy a one-day all-inclusive ticket for $12. Today, the same pass costs $146 (plus tax) &#8212; three times more expensive on an inflation-adjusted basis. As a result, the typical family of four can now expect to spend roughly $600 <strong><em>per day<\/em><\/strong> when visiting the &#8220;Happiest Place on Earth.&#8221; And that&#8217;s just to get in the door. Incredible.<\/p>\n<p><strong>Concerts and sporting events. <\/strong><a href=\"http:\/\/www.forbes.com\/sites\/maurybrown\/2014\/07\/23\/have-concerts-and-sporting-events-become-too-expensive-for-the-average-fan\/\" target=\"_blank\" rel=\"noopener\">According to Forbes<\/a>, Peter Frampton at the height of his &#8216;Frampton Comes Alive&#8217; fame headlined for $10.50 &#8212; that&#8217;s $50.62 in today&#8217;s inflation-adjusted dollars. By the way, in 2019 I paid $150 per seat to see Frampton at the Los Angeles Forum &#8212; from the second deck. (And for those of you under 50 wondering who I&#8217;m talking about &#8230; ask Dad. Er &#8230; or Grandpa.)<\/p>\n<p><strong>Television.<\/strong> When I was a kid, we had less than ten channels, they were all free, and nobody ever complained about a lack of stations. Today, I pay about $2200 per year for more than 250 channels, and sometimes there&#8217;s nothing worth watching on any of them. I know.<\/p>\n<p><strong>College.<\/strong> When it comes to a college degree, the expected return on investment <a href=\"https:\/\/lenpenzo.com\/blog\/id1255-22-signs-your-college-degree-might-not-be-worth-the-money.html\" target=\"_blank\" rel=\"noopener\">rarely makes financial sense<\/a> anymore. According to USA Today, after adjusting for inflation, students now pay more than triple what they did three decades ago to attend a public, four-year university. I&#8217;ll say. It took me <strong><em>five<\/em><\/strong> years to earn my electrical engineering degree from Cal Poly San Luis Obispo in 1988. The total cost: $15,000 &#8212; and that included tuition, fees, books, room, board, and general living expenses.<\/p>\n<p><strong>Divorce.<\/strong> Okay, you got me; I have no idea what a divorce cost fifty years ago &#8212; but it certainly had to be cheaper on an inflation-adjusted basis than what it costs now. The average cost to litigate a contested divorce in California today is $17,000. And if you have kids the price can reach upwards of $30,000<em>. <\/em>Ouch.<\/p>\n<p><strong>Childcare.<\/strong> The average cost of center-based child daycare in the US is currently upwards of <a href=\"https:\/\/www.americanprogress.org\/article\/true-cost-high-quality-child-care-across-united-states\/\" target=\"_blank\" rel=\"noopener\">$16,000 per year<\/a>. Wow. Before the 1970s, families like mine didn&#8217;t spend much on childcare because they had:<\/p>\n<p><strong>A stay-at-home mom.<\/strong> According to the Pew Research Center, 49% of American women with kids under 18 were <a href=\"https:\/\/lenpenzo.com\/blog\/id12339-4-financial-tips-to-consider-before-becoming-a-stay-at-home-mom-2.html\" target=\"_blank\" rel=\"noopener\">stay-at-home moms<\/a> in 1970; today, it&#8217;s just one in five. Sadly, despite more mom&#8217;s joining the workforce, real household purchasing power has barely budged.<\/p>\n<p><strong>Kids.<\/strong> In 1960, middle class parents in the US spent an average of <a href=\"http:\/\/www.usda.gov\/wps\/portal\/usda\/usdahome?contentidonly=true&amp;contentid=2014\/08\/0179.xml\" target=\"_blank\" rel=\"noopener\">$25,230<\/a> raising a child to adulthood. It takes <a href=\"https:\/\/www.usda.gov\/media\/blog\/2017\/01\/13\/cost-raising-child\" target=\"_blank\" rel=\"noopener\">$233,610<\/a> today &#8212; and I&#8217;m blaming it all on Disneyland.<\/p>\n<p style=\"text-align: right;\"><span style=\"font-size: smaller;\">Photo Credit: DonkeyHotey<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I was fortunate enough to grow up in a solidly middle-class family. We weren&#8217;t rich by any means; there were many times when we were forced to really pinch pennies &#8212; but for the most part I never wanted for anything. According to the US Census Bureau, last year the average household income in America [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":27972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[459],"tags":[],"class_list":{"0":"post-27944","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-family","8":"pmpro-has-access","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>10 Things That Today&#039;s Middle Class Can No Longer Afford<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lenpenzo.com\/blog\/id27944-10-things-that-todays-middle-class-can-no-longer-afford-2.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10 Things That Today&#039;s Middle Class Can No Longer Afford\" \/>\n<meta property=\"og:description\" content=\"I was fortunate enough to grow up in a solidly middle-class family. We weren&#8217;t rich by any means; there were many times when we were forced to really pinch pennies &#8212; but for the most part I never wanted for anything. 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