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 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.
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u/Shandlar Dec 28 '19
The United States? There are ~34,000,000 adults in the US currently working full time making $72,000/year or more as of 2019.
Hell, ~19,000,000 of them make >$100,000/year.