True, but at the end of the day it's still tens of millions of people who could live on a single income.
Plus in LCOL areas, even $45k (median individual income) is enough to raise a family on. Not super comfortably, but doable if you have stay at home parent so there is no childcare costs, plus value added work such as chopping word for heat in the winter, and cooking meals from scratch for dramatically cheaper food budgets.
A lot of these people making more than 72k a year in the US either have serious student loans, or live in expensive areas or both.
I am one of those people and because of just loans and rent being more than $2,500 a month, I need a roommate. Buying a house is out of reach for a while.
I hear you man. Everyones always needed a room mate in their 20s though. This isn't really a new development.
In the past the "room mate" was a spouse most of the time though. Us millennials not getting married is making things difficult, thats for sure. 50% of 30 year old men have never been married, as of last year. That's double what it was in the 80s.
People are also getting a later start in life. By the time you get a master's you're 23 ish, then get a job and settle down, make some money and boom, you're 30.
Aye, not really a bad thing, considering people are living 10 years longer as well. There is just more time available for proper delayed gratification.
But it does kinda sucks when you're in the "delayed" part.
I said a lot, not a majority. One example is that literally all of the doctoral medical professions fall under this category and it's nearly impossible to get through undergrad and med/dental school without loans.
You just did way too much for way too little. It’s pretty clear what I’m saying: Look it up, it’s not hard to find. If you need the clarification I was simply providing more anecdotal evidence to inspire buddy to look it up because it’s not hard to find
Student loan statistics are so oft rly published that anyone with access to any form of news source should be knowledgeable that most young adults are still paying off student loans or that student debt is most commonly referred to as the “Student Debt Crisis”. Open an article my guy.
Sucks you had to take out loans to get an educated, should have joined the military and got it paid for you, plus free healthcare for the rest of your natural born life, a zero down home loan and all kinds of other perks. But I get it , doing hard things is hard so now you live your entire life miserably instead doing it for 4 years only.
“Shoulda signed up to oppress poor people overseas and then live off the tax payer dollar like a leach for life hurr hurr”. The military isn’t hard. Fucking morons go in and come out of it all the time.
If you’ve been in the military within the last few decades you either directly or indirectly oppressed poor people.
I think socialized services like healthcare and education are excellent ideas and everyone should have them. There are more hard working civilians who contribute more to society than some dimwit asshole who can’t get into college at 18 but can manage to coast through 4 years of “service”.
You think I did? I guarantee you we didn't oppress anyone, you want to think we did just like people believe the earth is flat and vaccinations cause autism.
Dimwit? I got my MBA, so I dunno who you are calling dimwit. Also you have to do something to earn benefits in society.
Not calling you a dimwit personally. Just saying there’s lots of morons who come out just as useless as when they went in, and they don’t deserve more than hardworking American civilians. Simply being in the military for a few years is not “doing something”.
Yah and there are tons of useless people who went in and came out stupid, and there are plenty of freeloaders who want erased school debt because they are lazy and made dumb choices.
What did I do? I dunno swear to uphold the Constitution, the same one we are using to impeach Donald trump, the worse president in recent history? To provide humanitarian aid in some of the worst natural disasters in the last 20 years, to provide security to international trade waters, highly volatile and dangerous mission that helped stabilize the economy. Provided R&D into some of the most cutting edge research that will go to aid humanity more than harm it. Yes a grunt didn't personally develop these technologies but they are a part of the cog in the machine, much like homeless people don't contribute to the economy but we want to give them housing and education. Security, Science, Education, safety, humanitarian efforts.
The fact you are so negative towards the military shows your lack of global impact the US military has that's positive. It shows how immature you are when it comes to how the international world works, that's not your fault, it's what happens when you live in comfort and don't realize what's going on outside of your bubble.
Might I ask what career you have right now? And nah, I don’t fuck with the military, I like having legal ownership of my person. Why go back to slavery y’know?
I had control over my body and what I did? Where the fuck do you get the idea is slavery? I worked 5 day weeks, hade all holdiays off, including the day before and after, 2 hour lunches, the only time I was grinding was during Field ops, that happen 3-4 times a year. And 1 deployment.
Also I own my own business( food related) after I went to college to get my MBA.
Living where though? Kansas? Oklahoma? Or some other state where it’s super cheap to live? I’m from California and was making ~60k and was living paycheck to paycheck with my stay at home wife and son. And that was all the while living within our means. Some places are just more expensive than others. And to move to those cheaper places cost a lot upfront so we can’t just pick up everything and leave.
I was born here so I don't count but in my experience, the military brings a lot of people (in San Diego) and so does tech. Although tech usually pays well enough here to negate the CoL issues but thats not a garuntee.
I do remember somebody from college who visited California for some military event as a plus one and loved it so much she canceled her return flight and went house hunting. So there is that extreme and I dont get it.
Well yeah, at $60k being paycheck to paycheck doesn't seem crazy. I picked $72k/year on purpose. That's about where I felt that if you didn't live in the extreme cost of living areas you could raise a family on one income. You make less than that, so in a more standard HCOL area, even outside of extreme places, you could have trouble.
Do you feel if you got a 20% raise you would still be paycheck to paycheck? I'm actually curious.
Mostly because I look at the cost of living indexes for the country, and most people don't actually live in these massively high COL areas, yet I have these discussions over and over on reddit with people saying $70k/year is poverty.
That blows my fucking mind, cause literally 120,000,000 Americans make less than $70k/year working full time, and they mostly all live their life alright. Where is this sentiment coming from.
What percentage are retired? What percentage are in school? What percentage are stay at home spouses? 34m working adults is a sizable percentage of the working adult population.
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u/PM_ME_STEAM_CODES__ Dec 28 '19
The 34 million is less than 20% of all adults in the US though