How Does Any American Family Make It On Less Than $50,000 A Year?

A rapidly increasing number of American families are finding it really, really hard to make ends meet each month.  The price of food, gas, health insurance and other basic necessities has continued to escalate, but wages have not followed suit.  So more Americans are finding themselves squeezed financially at the end of every month.  Instead of having extra money with which to enjoy the American Dream, millions of families are now experiencing the American Nightmare of working too hard but never having quite enough.  But what can be done?  Certainly we can all cut back on unnecessary expenditures, but there are some expenses that just cannot be eliminated entirely.  We all have to eat, we all have to drive to work and we all have to pay the rent.  In fact, it is very hard to imagine any American family making it on less than $50,000 a year.  Of course millions of American families are making it on far less than that,  but it isn’t easy.  The truth is that $50,000 doesn’t go nearly as far as it used to. (Read More...)