In the years since the recession, the median household income in the U.S. has dropped to just over $50,000, while fixed costs like health care, higher education, and housing have only soared.
Now imagine trying to support a family of four on a fraction of that income.
It's a reality that Danielle Wagasky and her family have lived with for the last four years.
And, perhaps a little surprisingly, they wouldn't have it any other way.
Wagasky, 28, and her husband, Jason, 31, moved with their two young children to a three-bedroom family home in Las Vegas, Nevada in 2009. Jason, a member of the U.S. Army, was fresh off a tour in Iraq and decided to go back to school complete his undergraduate degree.