I live alone in a moderately low cost of living area making about 52k take home. With no extenuating expenses related to health I can put away a hundred or two a month after rent, gas, utilities, food and car maintenance (I drive and fix old shit myself rather than make a car payment). But that is literally all I can do. If I had a second person to support or was in any other area I’d be underwater quick.
yeah but is your income going to go up? or are you like 50 and it’s maxxed out?
context is everything. if you’re 25 and your salary will double in 5-10 years your situation isn’t bad.
blows my mind in my city how many 22-25 year olds scream how poor they are when they are just starting out their lives and think their 50-60K wage is ‘poverty’ when it will be 100K in 5 years.
I live alone in a moderately low cost of living area making about 52k take home. With no extenuating expenses related to health I can put away a hundred or two a month after rent, gas, utilities, food and car maintenance (I drive and fix old shit myself rather than make a car payment). But that is literally all I can do. If I had a second person to support or was in any other area I’d be underwater quick.
It’s mentioned in the substack article that for a single individual his calculations place the poverty line around 50k, while 140k is for a family.
yeah but is your income going to go up? or are you like 50 and it’s maxxed out?
context is everything. if you’re 25 and your salary will double in 5-10 years your situation isn’t bad.
blows my mind in my city how many 22-25 year olds scream how poor they are when they are just starting out their lives and think their 50-60K wage is ‘poverty’ when it will be 100K in 5 years.
I get what you’re saying but some people 22-25 are still hoping to start a family or buy a house.
who? the ultra religious/conservative types?
22-25 is way too young to be doing either of those things.