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Although Median household income in the US is the more relevant figure, especially for things like housing costs, and that's at ~80k. While most Americans don'
by legitster 1y ago
Although Median household income in the US is the more relevant figure, especially for things like housing costs, and that's at ~80k.
While most Americans don't have "emergency savings" (heck, I don't), most of the credible studies more realistically peg it as 25% of American adults or 1 in 4.
- thewebguyd 1y agoYeah fair enough, household income paints a better picture. Even so, $80k household isn't a pretty picture with today's housing and food costs except for the most LCoL areas, and in those the income is going to be considerably lower. To afford the US today, we need to be closer to $80k+ individually rather than for the whole household.