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I never made a claim that every american could go out and buy a house right now? I said that for dual income families it is very achievable. You are quoting med
by missedthecue 3y ago
I never made a claim that every american could go out and buy a house right now? I said that for dual income families it is very achievable. You are quoting median household numbers to me which is immaterial to the arguments here considered. I'm interested in dual earning household income.
I can't find figures for this with BLS, but Rocket Mortgage who has a lot of data on american family and homebuyer incomes says that the average dual income family WITH kids brings in $129k per year. Even higher for DINKs. Now this is average not median, but I think it's still paints the broad picture I'm trying to communicate. I doubt median is half the average.
https://finance.yahoo.com/news/dinks-average-salary-138-000-110000866.html https://finance.yahoo.com/news/dinks-average-salary-138-000-...
- tsunamifury 3y agoHousehold with children is 82k -- so yes they can be half average. Of course the average HOUSEBUYER will be higher than the overall median household with children. Come on man...
- missedthecue 3y agoThere is median household income and there is median earnings of dual income households. They are two different things. You keep talking about the former, I am only interested in the latter. Median household earnings figure contains many single income households. There is no argument from me that buying a house on one income can be difficult. But my original comment way up at the top specifically says dual income households.
- tsunamifury 3y agoNo it does 82k median family of four. What is so difficult for You to understand here?
- missedthecue 3y agoThat 82k figure includes one income households. I want you to exclude all single income households because I am only talking about dual income households. I'm not misunderstanding it, you're just continually citing an irrelevant data point comment after comment. This whole time, I have been talking about dual income households. You can tell me median household income figures until youre blue in the face; I am only talking about dual income household figures. They aren't the same thing. Median household income includes dual income but also single income households. I only want to consider dual income households, because that's who I said can reasonably meet the $114k figure.
- tsunamifury 3y agoAnd I keep telling you, that is a dual income stat family of four. Dude. You are trying to cohort into an irrelevant corner of data and then still finding it not satisfactory. Stop, just take the L.
- deleted 3y ago[deleted]
- missedthecue 3y agoDual income marriages had a median household income of roughly $135,000 to $145,000 in 2022. Marriages with a sole earner lagged far behind at around $75,000. Pew research https://www.pewresearch.org/social-trends/2023/04/13/in-a-growing-share-of-u-s-marriages-husbands-and-wives-earn-about-the-same/#fn-33599-4 https://www.pewresearch.org/social-trends/2023/04/13/in-a-gr...
- tsunamifury 3y agoClearly I’m the one missing the cue at this point…