In addition to increases in education costs, healthcare costs, and housing costs, other daily expenses have increased as well, says Veronica Hanson of Vacay Visionary. "Costs that have debilitated the current generation include technology and communication and childcare. Increases in housing costs, food, and transportation haven't helped either," she says. "Most employers used to provide healthcare at no cost to the employee. Now families are being left without enough disposable income to survive after healthcare costs are removed from their paychecks. Previous generations didn't have to purchase a $1,000 cellphone, a $2,000 laptop, or pay a $100 cellphone bill as well as a $75 internet bill and an additional $6 for data storage. The list goes on and on."
Related: 31 Simple Ways to Save Money Every Day of the Month.
