4 ms·
That's a completely ridiculous and uneducated statement. Let's say you make $70k in a 3-person family (no subsidies), you pay $1,400 a month mortgage, $12,000
by codeddesign 10y ago
That's a completely ridiculous and uneducated statement. Let's say you make $70k in a 3-person family (no subsidies), you pay $1,400 a month mortgage, $12,000 a year in health care premiums, and you have a $500 a month car loan. After taxes you have around $50,000. After mortgage you have roughly $33,000. After car payment you have $27,000. That gives you about $500 a week. Then you have cell phone, electricity, water, trash removal (some places), and then maybe cable. So...now you are down from $2k extra a month to $1,200 a month. If you want to eat, let's say $150 a week in groceries..you are now down to $600 a month...or $150 a week extra. Please tell me how the middle class can save any money, but a home, pay off debt, pay for college, go on vacation...etc. On just $150 a week extra, you could easy blow your monthly budget on buying everyone in the house shoes and then going out to eat 2 times a month.
- maxerickson 10y agoCould you explain what you think I meant?