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Toddler is Sick With Mystery Illness for 3 Months When Doctors Finally Discover What’s Lodged in Her Nose

A mom from the UK is sharing her story after her toddler suffered for three months with a mystery illness caused by an object unknowingly lodged in her nose.

Candace Cameron Bure’s Dreamy Family Vacation in Italy: ‘Take Me Back’

Candace Cameron Bure, loved for her roles on "Full House" and "Fuller House," recently took to Instagram to reminisce about her family's dream summer vacation in Italy.

Chip and Joanna Gaines: 11 Godly Secrets to an Epic Marriage and Family

Chip and Joanna Gaines are teaching us important lessons about marriage and family as they walk away from their HGTV show for the sake of their family.

Are We Are Living in a “Silent Depression?”: Why Everything Feels So Expensive in 2024

The Impact on Households

Debt and Savings Modern households are burdened with significant debt, particularly student loans and credit card debt. The average student loan debt for recent graduates is about $30,000. During the Great Depression, debt was less common, though many lost their savings due to bank failures.

Job Security While the unemployment rate today is lower than during the Great Depression, job security remains a concern with the rise of gig economy jobs and part-time positions lacking benefits. This insecurity contributes to the feeling of living in a Silent Depression.

Income Inequality Income inequality has widened significantly. In the 1930s, the wealth gap was stark, but modern inequality levels are comparable, if not worse. The top 1% hold a substantial portion of the nation’s wealth, while many workers face stagnant wages.

Just 4 Years Ago

Things were different just four years ago in 2020.

Instagram user fmsmith319 breaks down the difference between buying a home in 2020 versus buying the same home last year in 2023. His cost analysis shows what a house would have cost then versus now, what the interest rates would have been, the monthly payment, and the total you would pay over 30 years with interest. The results are astounding.

 

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To take it one step further, author and motivational speaker Jenn Kish shared a screen shot recently of a grocery bill in 2020, and that exact same grocery bill in 2024. The exact same purchase through the Walmart grocery app just four years later is more than double what it was at the peak of COVID.

The Silent Depression describes the pervasive economic struggles that, while less visible than the Great Depression, are deeply felt by many Americans today. The comparison of household income and the cost of living between the two periods highlights the challenges of rising living costs, stagnant wages, and growing debt. Addressing these issues requires a multifaceted approach, including policy changes to support wage growth, affordable housing, healthcare reform, and educational affordability.

Understanding this economic landscape is crucial for developing solutions that ensure a more equitable and prosperous future for all. As we approach the 2024 Paris Olympics, it’s a timely reminder of the resilience needed to overcome economic hardships and the collective effort required to build a better world.

Bri Lamm
Bri Lamm
Bri is an outgoing introvert with a heart that beats for adventure. She lives to serve the Lord, experience the world, and eat macaroni and cheese in between capturing life’s greatest moments on one of her favorite cameras.

Toddler is Sick With Mystery Illness for 3 Months When Doctors Finally Discover What’s Lodged in Her Nose

A mom from the UK is sharing her story after her toddler suffered for three months with a mystery illness caused by an object unknowingly lodged in her nose.

Candace Cameron Bure’s Dreamy Family Vacation in Italy: ‘Take Me Back’

Candace Cameron Bure, loved for her roles on "Full House" and "Fuller House," recently took to Instagram to reminisce about her family's dream summer vacation in Italy.

Chip and Joanna Gaines: 11 Godly Secrets to an Epic Marriage and Family

Chip and Joanna Gaines are teaching us important lessons about marriage and family as they walk away from their HGTV show for the sake of their family.