3 ms·
129k a year is not a lot of money. Say you live in NYC, you have a stay at home partner and 2 kids. Your living paycheck to paycheck. I'd consider anything l
by 999900000999 5y ago
129k a year is not a lot of money.
Say you live in NYC, you have a stay at home partner and 2 kids.
Your living paycheck to paycheck.
I'd consider anything less than 200k for a family to be working class. As in your unlikely to be able to survive for extended periods of time without working.
If your monthly expenses are 9k, even your take home is 11k your in for a ride if you lose your job.
Unemployment has a miserably low max benefit.
- emerged 5y agoSimilarly, if you make only $2M/yr and live in a golden penthouse in downtown Manhattan, you’re barely scraping by. Why doesn’t anyone think of these poor souls?
- nly 5y agoHis comment seems fair. This random website[0] says the average US living cost for a family of 4 is about $55K/yr. I don't know what $130K after taxes is, but if I take a wild guess and say $85K, that leaves around $30K for savings and investments. Single income living isn't easy in western society. [0] https://www.expatistan.com/cost-of-living/country/united-states https://www.expatistan.com/cost-of-living/country/united-sta...
- 999900000999 5y agoIf your job requires you to be in New York I'm not clear what else you can do. Income doesn't scale well in America. If anything taxes are way too high on middle class people. No one making less than a million a year should pay over 30% in taxes.
- emerged 5y agoI keep telling people that my job requires this diamond throne and handsome set of fine watches, but they refuse to give me a raise.