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Maybe it is more interesting to see the rising housing prices as the real problem, instead of the salaries themselves. Housing and Healthcare the 2 expenses th
by screye 5y ago
Maybe it is more interesting to see the rising housing prices as the real problem, instead of the salaries themselves.
Housing and Healthcare the 2 expenses that single handedly make America unaffordable. Food, travel and everyday activities are affordable enough. 4 year Student loans can be kept under $50k, if you work part-time to offset living costs and go to state schools.
$32k is criminally low, but the $60k number doesn't sound that bad to start. The US is large, and land is practically free. If the US just gets its act together, and starts building dense housing, they can offset a huge part of this divide. Ofc, they won't do that, but it is important to make the distinction between salaries being too low, and houses being too expensive for no good reason.