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The link you provided shows percentile by household, not individual. Just clicking on the link on that page to go to individual brackets, suddenly 63% drops to
by notabee 9y ago
The link you provided shows percentile by household, not individual. Just clicking on the link on that page to go to individual brackets, suddenly 63% drops to 50,000/yr. That's not a terrible salary, but as expenses have gone up much more rapidly than wages for quite some time, it becomes feasible that that would be eaten up quickly by debt burden and cost of living in many places to where saving is difficult. https://dqydj.com/united-states-income-brackets-percentiles/ https://dqydj.com/united-states-income-brackets-percentiles/
- Veelox 9y agoDidn't mean to switch between household and individual, good catch. While part of my agrees with you that in some areas 50k/yr gets eaten up quickly we are looking at having $500 or $1000 on hand that is either 1% or 2% of annual income in savings. While I have sympathetic to a significant portion of the country ~20%-25% that cannot do that, I hard time believing 40% of Americans could not trim $500 off their expenses each year and save it.