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They're saving $4,000 / month. That's not living paycheck to paycheck. That's the average american household income going straight to savings.
by imustbeevil 8y ago
They're saving $4,000 / month. That's not living paycheck to paycheck. That's the average american household income going straight to savings.
- dragonwriter 8y ago$4,000/mo is $48k/yr; median household income is around $60k, mean around $73k in recent years; there is no sense in which $48k is “the average American household income” (it is a sizable chunk to savings annually, but not average household income.)
- imustbeevil 8y agoThey are saving what that income would be after taxes. That's not the point. The point is that this is in no possible way closer to "paycheck to paycheck" than "saving an entire family's worth of money".