GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
With inflation driving up costslike mortgage rates and rental prices,housing costsare already squeezing budgets.
And its not just housing thats going up other expenses are climbing as well.
Below are some of the things they will struggle to afford by the end of 2025.
Also heres five services the middle class wont be able to afford in the next five years.
Housing
One significant area where the middle class will likely feel the pinch is housing.
Home prices have been on an upward trajectory, driven by low inventory and high demand.
Healthcare
Another area of concern is healthcare.
Home values and rents may increase over 50% while healthcare costs outpace wage growth.
Families will face tough choices to pay for essentials.
Only reducing discretionary purchases and saving more can help maintain financial security against rising costs.
The days of careless spending may be ending for Americas middle class.
Difficult times could be ahead.
Justin Godur, finance advisor and founder ofCapital Max, similarly noted the same.
Food prices have also been climbing steadily, according to experts.
This, in turn, could lead to difficult choices, like opting forless nutritious optionsor reducing meal portions.
Education Expenses and Childcare
Education expenses, particularly higher education, will also become more burdensome.
Families currently saving for college may find that their savings fall short as education costs continue to rise.
Education and childcare expenses are soaring.
He explained that parents might find themselves struggling to afford quality education or after-school programs.
This could lead to increased reliance on public schooling and cutting back on extracurricular activities.
And maybe shorten their visit, just so they are able to save on hotel costs and on feeding.
More From GOBankingRates
Share This Article:
