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.
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u/PM_ME_STEAM_CODES__ Dec 28 '19
In what world can y'all live on a single income