Quote:
Originally Posted by strat61caster
You are vastly in the minority with those statements alone, your families support, even with just decent guidance to get you where you are if not the capability to act as an outright safety net easily puts you into very small percentage who will weather this storm with minimal negative impacts.
Do you realize that less than 10% of US households bring in over $120k per year? <5% bring home >$200k, and even people bringing in that kind of money dig themselves into financial holes and will be battered by this economic turn.
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Yeah, but you know how it is living in the SF Bay Area; you could make $120k/year and you couldn’t afford to buy or rent a 500 square foot house without eating beans and rice, and contributing nothing to savings. National averages don’t really count much. Like a $15 minimum wage is the goal as a “living wage” in the county, but that is laughable in this area.
There are areas where the average home is over a million dollars and places where the average home is under a hundred thousand dollars. The $120k income and $12k income share the same discrepancy with those different home prices, but that $120k income is paying a fair more in taxes, so yeah, it is relative.
https://www.google.com/amp/s/www.gob...-by-state/amp/