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Until the woman leaves you because she's bored and takes half your money.
Might be a bit late for that now, and I'm frankly not boring enough to be worried about it. And if not me, then surely the devoted kitty cats would be enough to keep her around. Meanwhile, we've always had equal access to the war chest, no matter where the money was coming from. But she's likely earned about half of it over the years anyway.
Isn't that why dumb hipster metrosexual techies who got really lucky with their private start up stock pay 1 million dollars + for a 3 bedroom 1 bath 1200 square foot ranch home in a subdivision that was built for the middle class on the SF Bay Area peninsula? Benefits that can't be assigned a monetary value??
They're more likely to be Indian or Chinese. Not metrosexuals. ...and it's not luck. The region attracts the best talent in the world. That talent creates a lot of successes. It's why California has 10x the venture capital investment of the next two states... Massachusetts and New York.
Yes, correct. Although if you're single you can live in a studio, share an apartment, or rent a room.
By the way, I don't like the use of your term "need to". Some people might need to. But I like the idea of people intentionally living in less space than they can afford, so they can save and have options for the future. Keeping your housing costs low, especially when you don't have kids, is one of the best ways to do that.
People can do whatever they want, but I'm single and I like living in a house. I never lived in a one bedroom apartment while single and I definitely wouldn't do it if I were married.
They're more likely to be Indian or Chinese. Not metrosexuals. ...and it's not luck. The region attracts the best talent in the world. That talent creates a lot of successes. It's why California has 10x the venture capital investment of the next two states... Massachusetts and New York.
Young people who work and stay single will pay more taxes as a % of income than a working married couple with kids would pay.
For young people that rent and don't own anything you have a harder time getting credit and virtually no equity. A lot of young people aren't even putting money away in 401k.
In another 30-40 yrs when millennials retire they're gonna need double the amount of SS in order to get them through retirement.
Nonsense. Yes, top 5% is largely married dual income, but PLENTY of people "get there on one income"!
Quote:
Originally Posted by GeoffD
You are completely ignoring the data and simply making things up.
Only 6% of wage earners max out Social Security. That's an income in excess of $118,500. That fact is published by the Social Security Administration and they write that 6% has remained fairly constant since the mid-1980's.
Top-5% household income is about $190K in 2016. About half of all 5%ers get there because they're in dual income households. There simply aren't that many individuals earning more than $190K. It's about 2 1/2% if you look at Medicare tax data which tracks individuals rather than IRS data which tracks the AGI of households with joint returns.
So, all that to say:
Yes, top 5% is largely married dual income, but PLENTY of people "get there on one income"!
And my assertion of "plenty" you just defined as "about half"
So how exactly am I "making things up" when we are now both saying "about half" of the top 5% is single income households??
See? Its nonsense to say that you can't "get there on one income"
I take strong exception to the blanket statement that all married people are better off than all single people financially
I myself am happily single. And, I am unequivocally & unquestionably better off financially than if I had ever gotten married. The women that I was in LTR's with were, without exception, broke & underemployed. They would have brought nothing financially to the table in a marriage. Plus, if I had gotten married to any of them I would have definitely gotten divorced, and thereby worse off financially than I am now.
Divorces & divorce lawyers can be extremely costly. I know people whose lives have been ruined irrevocably for an expensive divorce.
Are there some people that are better off married than single?! Sure - if you both have good jobs, then you have 2 paychecks coming on. But not everyone is in that situation.
And, the 2 paycheck couple will not necessarily stay that way. If you are dependent on 2 paychecks & then get divorced, you'll only have 1 coming in and your standard of living will obviously go down.
Last edited by toosie; 11-11-2016 at 07:18 AM..
Reason: TOS - Deleted profanity and rudeness
Until the woman leaves you because she's bored and takes half your money.
Rich and successful men know this. That's why they live playboy lifestyles. Of course most do get married/divorced. But the difference between him and a average working stiff is that the divorce costs are pocket change rather than becoming financially ruined for life like the working stiff.
Young people who work and stay single will pay more taxes as a % of income than a working married couple with kids would pay.
For young people that rent and don't own anything you have a harder time getting credit and virtually no equity. A lot of young people aren't even putting money away in 401k.
In another 30-40 yrs when millennials retire they're gonna need double the amount of SS in order to get them through retirement.
Well, if you rent and don't invest on the side, that's your problem, but there is absolutely no reason to think housing is the only possible way to build a nest egg.
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