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> It is absolutely possible to save money on an average salary. Not to pick on your use of average in general concertation, but it appears the average income i

by e12e 8y ago

> It is absolutely possible to save money on an average salary. Not to pick on your use of average in general concertation, but it appears the average income is around 45 000/year and the median is around 30 000 - for all demographics. I'm not sure what 30k is after taxes most places in the US... 25k if you're not a home owner? It may be feasible to save some money in areas with low cost of living - I don't know. I also only get these weekly/yearly numbers to line up if I multiply with 52 weeks - but is paid vacation and sick days the norm in the US? https://www.bls.gov/news.release/wkyeng.t05.htm https://www.bls.gov/news.release/wkyeng.t05.htm https://www.ssa.gov/OACT/COLA/central.html https://www.ssa.gov/OACT/COLA/central.html

harryh 8y ago
US Median household income is about $60k/year.
- vilmosi 8y ago
  It wouldn't surprise me if, on average, one household had two income earners, so it seems in line with the parent's point.
  - harryh 8y ago
    Mean earners per US household is about 1.3 Unsurprisingly, this number rises with household income. It's ~0.4 for the lowest quintile and ~2.0 for the highest.
cimmanom 8y ago
Salaried employees typically get paid vacation and sick leave. Employees paid hourly wages do not. Some don’t even get unpaid leave.
- scarface74 8y ago
  That's simply not true. Most full time hourly workers accrue vacation hours just like salaried workers.
  - cimmanom 8y ago
    Tell that to every retail and fast food worker out there.
    - scarface74 8y ago
      And how many of them are “full time”?
      - cimmanom 8y ago
        I didn't see any specification of "full time". Besides, what does that have to do with the issue anyway? If we're talking about calculating annual incomes, many of those workers work well over 40 hours per week across multiple jobs.
        scarface74 8y ago
        You didn’t see any specification in the response that you replied to where I said “Most full time hourly workers accrue vacation hours just like salaried workers.”? Even the original post I replied to said Salaried employees typically get paid vacation and sick leave. Employees paid hourly wages do not. Some don’t even get unpaid leave. The distinction of who gets paid vacation and sick leave is not based on “salaried” vs “hourly” but based on “full time” vs. “part time”. The distinction isn’t nevessarily based on that either. While I don’t know of any salaried jobs without benefits, I know of plenty of part time hourly jobs with benefits and know of very few hourly jobs that are classified as “full time” that you don’t have paid holidays and vacations. In fact my wife could go part time and still get full health benefits. I know plenty of people who do what she does part time specifically for the benefits where their checks are basically a token amount while thier spouses make most of the money doing something without benefits like owning a small business or in my case depending on which way the wind is blowing, doing contract/consulting software development instead of working in a salaried position.
        cimmanom 8y ago

by e12e 8y ago

harryh 8y ago

US Median household income is about $60k/year.

vilmosi 8y ago
It wouldn't surprise me if, on average, one household had two income earners, so it seems in line with the parent's point.
- harryh 8y ago
  Mean earners per US household is about 1.3 Unsurprisingly, this number rises with household income. It's ~0.4 for the lowest quintile and ~2.0 for the highest.

cimmanom 8y ago

Salaried employees typically get paid vacation and sick leave. Employees paid hourly wages do not. Some don’t even get unpaid leave.

scarface74 8y ago
That's simply not true. Most full time hourly workers accrue vacation hours just like salaried workers.
- cimmanom 8y ago
  Tell that to every retail and fast food worker out there.
  - scarface74 8y ago
    And how many of them are “full time”?
    - cimmanom 8y ago
      I didn't see any specification of "full time". Besides, what does that have to do with the issue anyway? If we're talking about calculating annual incomes, many of those workers work well over 40 hours per week across multiple jobs.
      - scarface74 8y ago
        You didn’t see any specification in the response that you replied to where I said “Most full time hourly workers accrue vacation hours just like salaried workers.”? Even the original post I replied to said Salaried employees typically get paid vacation and sick leave. Employees paid hourly wages do not. Some don’t even get unpaid leave. The distinction of who gets paid vacation and sick leave is not based on “salaried” vs “hourly” but based on “full time” vs. “part time”. The distinction isn’t nevessarily based on that either. While I don’t know of any salaried jobs without benefits, I know of plenty of part time hourly jobs with benefits and know of very few hourly jobs that are classified as “full time” that you don’t have paid holidays and vacations. In fact my wife could go part time and still get full health benefits. I know plenty of people who do what she does part time specifically for the benefits where their checks are basically a token amount while thier spouses make most of the money doing something without benefits like owning a small business or in my case depending on which way the wind is blowing, doing contract/consulting software development instead of working in a salaried position.
        cimmanom 8y ago