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If you happen to be supporting a four-member family on that 2K, it's barely above the poverty line. Even when you're young and single, it behooves you to think
by kazinator 2y ago
If you happen to be supporting a four-member family on that 2K, it's barely above the poverty line.
Even when you're young and single, it behooves you to think about retirement; it's sooner than you think.
You need a safety net in case something happens, leaving you unable to work for a long time.
If you support a family, you have to think about things like education funds for the kids, and what happens if you suddenly die.
- manuelmoreale 2y agoAgree on the family but if 2 people are working (which is normal) with two 2k salaries you’re doing just fine. Retirement is provided by the state here so it’s not something I have to plan for. Again, just to reiterate, the original post was using 2k/mo as the absolute minimum and the point I was trying to make is that a few Ks a month is a reasonable living in way more places that people realize. But I suspect a non negligible % of people here on HN have a distorted view of the world and how much living cost.
- newaccount74 2y agoIn Austria, 2k/mo before taxes is roughly what you earn as a part-time employee filling shelves at the supermarket [1]. [1]: Typical supermarket job in Austria: https://jobs.aldi-hofer.com/hofer-karriere-at/job/Linz-BACKBOX-&-Regalbetreuer-%28mwd%29-Spittelwiese-6%2C-4020-Linz-Ober-4020/719967001/?feedId=245101 https://jobs.aldi-hofer.com/hofer-karriere-at/job/Linz-BACKB... The advertised salary for 21 hours/week of 1330€ is paid 14 times per year and comes to a total income of ~15.7k€ after taxes. If you make 24k€ a year as a self-employed person, you will have to pay ~400€ taxes + 6.5k€ pension + health insurance leaving a total of ~17k€ after taxes.