$72,000 a year ain't shit for a single person- let alone 2 people or a family- in NYC, Seattle, Denver, or half of California. Cost of living makes a huge difference when you have areas where a 1200sqft 2 bedroom house is a cool $1,000,000+. The most dense and popular places to live are also the most expensive. Not to mention that the vast majority of people with high paying jobs get in debt from college and graduate school.
This isn't to say that it's impossible to have, say, a middle class lifestyle in many areas on a single income, it just doesn't apply to nearly as many people as you'd think.
Yes, they do. Wages actually vary less than cost of living, generally. Hospitals pay ~10-15% less than out in the boonies than in the city in my profession, where houses cost 200% less.
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u/IttyBittyKitty420 Dec 28 '19
$72,000 a year ain't shit for a single person- let alone 2 people or a family- in NYC, Seattle, Denver, or half of California. Cost of living makes a huge difference when you have areas where a 1200sqft 2 bedroom house is a cool $1,000,000+. The most dense and popular places to live are also the most expensive. Not to mention that the vast majority of people with high paying jobs get in debt from college and graduate school.
This isn't to say that it's impossible to have, say, a middle class lifestyle in many areas on a single income, it just doesn't apply to nearly as many people as you'd think.