Stick A Fork In It, It's Done - Middle Class America (student loan, credit)

[mathjak107]

Originally Posted by mizzourah2006

So over the next 30 years owning a home in NYC will have better returns than the stock market...good to know.

So according to MathJak the path to wealth is buy the homes from the LIslanders that are retiring,own them for 35 years, sell, and retire.

I never said such a thing. I said most americans suck at saving and investing . They will likely do better with the home.

No where does that say residential appreciation will be greater then the equity markets.

[mizzourah2006]

Originally Posted by mathjak107

I never said such a thing. I said most americans suck at saving and investing . They will likely do better with the home.

No where does that say residential appreciation will be greater then the equity markets.

That was all I was asking you this entire time, lol.

[Snort]

Originally Posted by Fueler

on what planet did you find health ins for $45/month??

Uranus.

[mizzourah2006]

Originally Posted by Snort

Uranus.

Man, Either I have very inexpensive health insurance or you all have very expensive insurance. My premium was $21 bi-weekly until a few months ago when my daughter was born. Now it's $38 bi-weekly for me and her.

The #s given were for a single adult, so; $21*26 = $546/12 = $45.5

I work at a company that has plenty of people in the pay range of 25-45k and we all have the same insurance, so I used that as my insurance costs in my calculation of living expenses here.

[Caleb Longstreet]

Originally Posted by BugsyPal

According to Pew research the middle-class in America is no longer the majority.


Middle-class families, pillar of the American dream, are no longer in the majority, study finds - LA Times


The middle class no longer dominates in the U.S. - Dec. 9, 2015

Your just now figuring that out??/

[andywire]

Exorbitantly priced health care and health insurance is one of many problems confronting America. WE CANNOT KEEP KICKING THE CAN DOWN THE ROAD.

Folks are just now starting to wake up?

[mathjak107]

Originally Posted by mizzourah2006

Man, Either I have very inexpensive health insurance or you all have very expensive insurance. My premium was $21 bi-weekly until a few months ago when my daughter was born. Now it's $38 bi-weekly for me and her.

The #s given were for a single adult, so; $21*26 = $546/12 = $45.5

I work at a company that has plenty of people in the pay range of 25-45k and we all have the same insurance, so I used that as my insurance costs in my calculation of living expenses here.

I am going through cobra because it has better terms then an aca plan. I pay 500 a month just for myself.

If i was still working the rate for an employee subsidized by the company is 245 in pretax dollars. My 500 is after tax

[reneeh63]

Originally Posted by Vision67

Middle class status depends a whole lot on where you live.

For example, $50K per year in San Francisco puts you into near poverty, but that same income in Amarillo Texas is a good living.

That's why lots of people move to lower COL areas upon retirement. SS pays the same no matter where you live.

True - but this was done by the very reputable Pew Research Group so I'm pretty sure they took this basic thing into account and made the necessary adjustments or at least used a consistent methodology with past work so that a "real change" could be detected.

[mizzourah2006]

Originally Posted by mathjak107

I am going through cobra because it has better terms then an aca plan. I pay 500 a month just for myself.

If i was still working the rate for an employee subsidized by the company is 245 in pretax dollars. My 500 is after tax

Family or individual? My wife's is a little under $18/bi-weekly, so for the 3 of us it's about $56 bi-weekly, so about $120/month for a family of 3.

[mathjak107]

Only me . An aca plan was 4700 a year with redicuolus deductibles and out of pockets . Even medicare and a supplement today can run 4200-5000 for one person depending on state.