04/15/2024
Over the weekend I found myself deep in thought over economics, The American Dream, my children and their futures and my tiny farm. It’s been on my heart to combine Chading Hope Farm and Blissful Bella into one. This morning I posted the post below on my personal page and it got my wheels tuning. While I will be selling goods grown and made here to support my animals in the near future I am also going to share some of the tips to how we save money; as a family of 5 who also support animals who needed a second chance on the tiniest of farms. In the near future this page will phase out, Blissful Bella will get a new name and I will combine posts there. Until then look forward to the occasional posts as we continue Chasing Hope.
Chasing The American Dream and today’s young people are often a conversation among those who are “on the other side” of just starting out, raising a family and commitments to their children.
I saw a variation of the pic below shared this morning and really thought it was propaganda, so I did my own research. I was disheartened by what I found. The pic below is part of an article found here: https://smartasset.com/data-studies/salary-needed-live-comfortably-2024 Well, that’s just one source’s data, right? Not according to Living Wage. In the following article https://livingwage.mit.edu/states/24 it is found that for two working adults with 3 children the living wage in Maryland is $142,188. That’s the living wage, not the living comfortably wage. Do you know what that number was in 2018? Specific to Harford County? $89,496 (based on a family of 4).
Hysterically, ZipRecruiter thinks $16/hour or $33,280 a year is a comfortable salary in Maryland. Not sure where they get their data from given the average rent is $1,400 - $1,800/mo in Maryland. Interestingly, the median home price in Maryland (based on a variety of sources) is just over $400,000. The average salary in Maryland (again based on several sources) is around $69,000. From there do the math. Home ownership for most young people is out of reach. And with it so is the American Dream. It’s not that they don’t want to chase what those that went before them did or that they are “lazy” or “unmotivated”, it’s simply that the numbers in 2024 don’t work. Young adults whom I talk to are working 2 and 3 jobs in the persuit of what just 6 short years ago could be accomplished with 1.
I have said over and over that I don’t know what the answer is, but I do know it is a real problem. I feel for the youth of today. Political agendas and affiliations aside our country should be run by those who know the cost of a gallon of milk, or a gallon of gas and how that number impacts a family’s budget. Not by those who are so far removed from the reality of those they are “serving”.
Okay, enough depressing numbers to start a Monday. Here’s to hopeful thoughts for a great week, and hoping in time things work themselves out in our country and the American Dream will once again be attainable.