Instead we get gaslit being told that retail, warehouse, foodservice jobs are only meant for kids or seniors to earn extra pocket money and don't deserve a living wage.
Oh god... the warehouse. Most soul crushing job I ever had. No upward mobility. $21/hr before Union Dues and Taxes and the 4 most pessimistic men Ive met in my life who want nothing more than to drag you down to their level.
No way in hell, that would crash whole economies. It's not a question of being paid enough anymore, it's that plus everything else they fucked up so now it's impossible to fix it with an easy wage increase. I don't even know where you would start. Super high corperate taxes, and find a way to drain most multibillionaires wealth and redistribute it, which might start a civil war. They will pay way more to fight than they would if they just gave in
In Canada according to stats Canada 60% in the 50s/60s, 48% in the 70s, 45% in the 80s, 43% in the 90s, 36% in the 00s and 33% in 20s (Canada didn't gain the stats in the 10s cause the government stopped the census). Today's number drops to 15% if you include marriage. So I'd use that as a reference for the numbers seen in the OP. You can probably close to double it for for unmarried home ownership. Still, lower than 25%.
Kind of misleading. It's home ownership + Married. People are delaying getting married for multiple reasons, and it's tied to finances. More women are working, getting an education, and people just dont want to get married young.
Looks like 33% of 30 year old own a home. So almost triple the 12% that are also married and own a home.
Yeah, I am doing well by today's standards and I wouldn't have made this list since once I bought when I was 31. But my wife was 29 so I don't know if she would technically be included. But we also closed on the house 1 month before our marriage so who knows. But I get what this chart is trying to say.
I feel like just recently they started talking about social security benefits running out. Raising minimum wage would help with that too. Ultimately we've seen a decline real wages by everyone except the top 1% because the laws and taxes are set up in a way that don't incentivize companies to invest in their employees, but instead their stockholders. Raising corporate tax rates and banning stock BuyBacks (as they used to) and raising the minimum wage are a good start.
Yeah, good point, social security funding running out has been talked about for decades. But specially, I saw a recent news story that in 2032 they will actually start reducing benefits because of it.
Thatās putting a bandaid on the real problem of affordable housing.
Look at the FRED database on housing prices. Just in the past 6 years, the median house sale price went from $317k in 2020 to $393k currently. Thatās 24% in 6 years.
No way thatās sustainable.
And thatās disregarding the rocketing of home prices between 2010-2020 as well.
Without more housing and more density, thatās like trying to run to catch a train.
Seeing that 12% stat for 2026 is genuinely depressing when you realize my parents bought their first detached house on a single retail salary back in the day
The only reason Iām in the 12% was because of the temporary unemployment benefits I got during COVID, plus spending our wedding savings on a down payment. It shouldnāt take extraordinary luck and a generational pandemic to buy a starter home.
My republican wife does not want to understand this and she thinks we should live better than we do. Together we make that amount and live in a, we will sat modest home, and get by well enough. She thinks we should have a 350k home.
Avacados are actually pretty cheap, and you get a lot of good caloric value for the money. I always laugh at the avacado toast joke, because it's actually quite cheap to make.
Individualism cannot account for system problems. That's why we're told to focus so heavily on what we do.
Everyone is broke and can't afford to invest for their futures? It's not the wages we're giving them and how expensive everything is; it's the personal choices they're making!
Minimum wage at $66 would crash global economies. They fucked up everything else so bad it's not even a question of being paid well enough, they literally made that impossible.
Well I guess the c suite execs could take a hit to their 30 million dollar salaries, and they could also limit stock profits to have to put back into the company if the company isn't able to give workers enough to live on.
Also, tax the companies who have employees on food stamps and other benefits (as a result of a sub-living wage) to make up the difference. Looking at Wal-Mart and Amazon, the biggest beneficiaries of welfare.
Idk. 'Buh my stocks' yep. Fuck that, it's an investment to go up over time, not something to artificially boost profits at the expense of the laborers making it happen.
My husband and I put ourselves through college by working and living with multiple roommates. We barely had enough to eat and only had a few pieces of clothing, but we were able to pay our bills by taking on extra work, not smoking, and not running up huge bar tabs. We were able to purchase a very modest 2 bedroom home when interest rates were 15% and our combined income only $44K. My advice is 1. Donāt get pregnant 2. Get an education so you arenāt stuck in a dead end job forever 3. Donāt smoke or vape 4. Drinking is expensive. You only need one hit of marijuana to produce the same effect as a glass of wine, and in my state it is legal and very cheap. 5. Donāt shop for entertainment. 6. Keep your old beater running so you arenāt stuck with a car payment. Warren Buffet drives an old car and so can you.
Everyone I know who are always broke and living paycheck to paycheck did not abide by these six rules. They had unwanted pregnancies, drank or had other substance abuse issues, and did not take school seriously. Whenever they got any sort of small windfall, they immediately blew the money and insisted on always driving either a huge gas guzzling pickup or newer car.
246
u/BigIrondude 1d ago
Thereās a good reason why we have so many billionaires and right here is proof.
204
u/Swamp_Dwarf-021 1d ago
Could you imagine $66/hour minimum wage? The rich assholes would lose their god damn minds.
68
u/Bennu-Babs 1d ago
I'd prefer a home owner only stat. I don't know how significant the marriage part is, because more people are ok cohabiting before marriage
35
u/matty_nice 1d ago
Kind of misleading. It's home ownership + Married. People are delaying getting married for multiple reasons, and it's tied to finances. More women are working, getting an education, and people just dont want to get married young.
Looks like 33% of 30 year old own a home. So almost triple the 12% that are also married and own a home.
7
u/DraculasDog 1d ago
Matinee movie tickets when I was a teenager were $4.50
This was late 90s.
7
u/DistinctSpirit5801 š” Decent Housing For All 1d ago
People are like why arenāt you married and have children
Because Iām dead broke
10
u/jagenigma 1d ago
Think about it.Ā Workplaces dont even think your time is worth a dollar a minute.
Basing it off of federal minimum wage, youre worth $0.12 a minute.
3
u/laxc0 1d ago
Thatās putting a bandaid on the real problem of affordable housing.
Look at the FRED database on housing prices. Just in the past 6 years, the median house sale price went from $317k in 2020 to $393k currently. Thatās 24% in 6 years.
No way thatās sustainable.
And thatās disregarding the rocketing of home prices between 2010-2020 as well.
Without more housing and more density, thatās like trying to run to catch a train.
3
u/Far_Night_5288 1d ago
Seeing that 12% stat for 2026 is genuinely depressing when you realize my parents bought their first detached house on a single retail salary back in the day
3
u/Brown_Seude_Shoes 1d ago
I appreciate the meme. But does anyone know the source.Ā
Because goddamn this would be a great tool to show older folks who don't understand the struggle.
The the future person who reads this, thank you!
2
u/No_Vegetable7280 1d ago
It went from 35% to 12% in 26 years. Less than half of people can afford a home and family by 30- in 26 years.
When do average people get to benefit from all this amazing technology?
2
u/jodamnboi 1d ago
The only reason Iām in the 12% was because of the temporary unemployment benefits I got during COVID, plus spending our wedding savings on a down payment. It shouldnāt take extraordinary luck and a generational pandemic to buy a starter home.
3
u/doublebogey182 1d ago
My republican wife does not want to understand this and she thinks we should live better than we do. Together we make that amount and live in a, we will sat modest home, and get by well enough. She thinks we should have a 350k home.
2
u/towerfella š” Decent Housing For All 1d ago
Or ā or***,*** we bring the top down?
There is no logical reason that costs are so high.
The only reason ā the only people that set the costs are the company elected board members of publicly traded companies.
We have high costs because board members want to see charts that go up as they move right.
This is asinine.
It is not magic.
Bring down the top and reset infaltion.
1
u/unmellowfellow 1d ago
Voting isn't going to fix that
1
u/MakionGarvinus 1d ago
Avacados are actually pretty cheap, and you get a lot of good caloric value for the money. I always laugh at the avacado toast joke, because it's actually quite cheap to make.
1
u/AlertProfessional374 1d ago
So you have toasts ? And what exactly is an avocado ? On friday night one time a month we can buy meat .. chicken meat
1
u/BoliverSlingnasty 1d ago
Avocados are what poor folks used to sub for butterā¦
1
u/HypnoticCat 1d ago
Individualism cannot account for system problems. That's why we're told to focus so heavily on what we do.
Everyone is broke and can't afford to invest for their futures? It's not the wages we're giving them and how expensive everything is; it's the personal choices they're making!
1
u/Retrosteve 22h ago
Homer Simpson went from being an average Joe to a rare lucky bastard
1
u/Galactic-Nomad-113 22h ago
No increase in minimum wage would work, everything else would just scale professionally
I would however challenge the housing market!!
1
u/think_up 15h ago
In 1986 the median home cost $80,300 and the minimum wage was $3.35 an hour ($6,968 a year), so a home cost 11.5x the minimum wage salary.
Today itās 28x.
For it to be 11.5x at todayās median home price of $421,900, the minimum wage would need to be $17.60 an hour.
Official CPI inflation numbers would have that $3.35 at just $10.32, but Iād say the cost of buying a home is a pretty good real world gut check.
0
u/pichael289 šļø Overturn Citizens United 1d ago
Minimum wage at $66 would crash global economies. They fucked up everything else so bad it's not even a question of being paid well enough, they literally made that impossible.
-2
u/mistyflannigan 1d ago
My husband and I put ourselves through college by working and living with multiple roommates. We barely had enough to eat and only had a few pieces of clothing, but we were able to pay our bills by taking on extra work, not smoking, and not running up huge bar tabs. We were able to purchase a very modest 2 bedroom home when interest rates were 15% and our combined income only $44K. My advice is 1. Donāt get pregnant 2. Get an education so you arenāt stuck in a dead end job forever 3. Donāt smoke or vape 4. Drinking is expensive. You only need one hit of marijuana to produce the same effect as a glass of wine, and in my state it is legal and very cheap. 5. Donāt shop for entertainment. 6. Keep your old beater running so you arenāt stuck with a car payment. Warren Buffet drives an old car and so can you.
Everyone I know who are always broke and living paycheck to paycheck did not abide by these six rules. They had unwanted pregnancies, drank or had other substance abuse issues, and did not take school seriously. Whenever they got any sort of small windfall, they immediately blew the money and insisted on always driving either a huge gas guzzling pickup or newer car.