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Old 11-10-2018, 12:12 PM
 
9,584 posts, read 7,504,882 times
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Quote:
Originally Posted by 20yrsinBranson View Post
And willingness to "play the game", as it were. Something I've never been willing to do. Even though I have a great education, am reasonably intelligent and very healthy.
No offense intended but don't you work in a cafeteria? IDK, I would rather play this alleged game and make more money.
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Old 11-10-2018, 12:40 PM
 
1,425 posts, read 568,025 times
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This tells me nothing. So 50% of Americans earn less than $30,000? How many are students with part time jobs? How many are wives (or husband's for that matter) who earn less than $30,000 a year but their spouses earn much more? How many are elderly with part time jobs? Really, this 50% tells me absolutely nothing. Another study indicated that the percentage of people earning less than $50K a year is actually going down. It was 71.78% in 2014, 70.59% in 2015 and 70.06% in 2016, so they would estimate about 68% to 69% in 2018. But these figures are for one person, it doesn't count that many are two income families and therefore earning much more as a whole.

On a real note: In 2016 Median income for a family of 4 was $60,309 in 2016. In 2017 for the first time median income for a family of 4 has been reported at $61,372. https://www.statista.com/statistics/...united-states/ It hasn't been this good since 1999. Let's see what 2018 brings.
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Old 11-10-2018, 12:41 PM
 
438 posts, read 97,168 times
Reputation: 495
Quote:
Originally Posted by NorthofHere View Post
This tells me nothing. So 50% of Americans earn less than $30,000? How many are students with part time jobs? How many are wives (or husband's for that matter) who earn less than $30,000 a year but their spouses earn much more? How many are elderly with part time jobs? Really, this 50% tells me absolutely nothing. Another study indicated that the percentage of people earning less than $50K a year is actually going down. It was 71.78% in 2014, 70.59% in 2015 and 70.06% in 2016, so they would estimate about 68% to 69% in 2018. But these figures are for one person, it doesn't count that many are two income families and therefore earning much more as a whole.

On a real note: In 2016 Median income for a family of 4 was $60,309 in 2016. In 2017 for the first time median income for a family of 4 has been reported at $61,372. https://www.statista.com/statistics/...united-states/ It hasn't been this good since 1999. Let's see what 2018 brings.
The biggest question of all, how many have their homes paid off?
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Old 11-10-2018, 12:47 PM
 
2,316 posts, read 1,455,965 times
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Quote:
Originally Posted by 20yrsinBranson View Post
And willingness to "play the game", as it were. Something I've never been willing to do. Even though I have a great education, am reasonably intelligent and very healthy.
And what game would that be?
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Old 11-10-2018, 12:48 PM
 
438 posts, read 97,168 times
Reputation: 495
Quote:
Originally Posted by charlygal View Post
No offense intended but don't you work in a cafeteria? IDK, I would rather play this alleged game and make more money.
This is my dream job. I have such fun working in cafeterias, I'd never know I wasn't volunteering
Working for a school district would be perfect. A ton of time off, summers, holidays,etc
Only 6 hrs a day plus some benefits & small pension. Not a bad gig
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Old 11-10-2018, 04:07 PM
 
Location: FL
67 posts, read 11,031 times
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There are many ways to live an awesome life on 30k a year or less...
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Old 11-10-2018, 05:00 PM
 
Location: Ohio
18,310 posts, read 13,432,534 times
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Quote:
Originally Posted by NorthofHere View Post
This tells me nothing. So 50% of Americans earn less than $30,000?
Quote:
Originally Posted by WVNomad View Post
I did not read all of the previous posts, so this may have been noted earlier, but assuming the original stats are accurate,...
They are accurate. He just blatantly failed to tell you that in 1989 it was 79% of individuals earning $30,000 or less and he exaggerated the figures slightly.

So, in 1989, 79.04% of individuals made $30,000 or less, dropping to 48.06% in 2017 (not 50%).

Personal incomes have continually risen since 1989, so that 31% more now earn more than $30,000.

And, yes, the data is for individuals, not households.
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Old 11-10-2018, 05:22 PM
 
11,774 posts, read 6,098,356 times
Reputation: 21695
Quote:
Originally Posted by 20yrsinBranson View Post
And willingness to "play the game", as it were. Something I've never been willing to do. Even though I have a great education, am reasonably intelligent and very healthy.

Play the game? You mean show up. Be competent. Take on responsibility for things.


I spent my corporate career always trying to be the #1 performer. I got the steady stream of raises and promotions.
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Old 11-10-2018, 08:58 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
28,617 posts, read 51,313,182 times
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Quote:
Originally Posted by BumbleBeeHunter View Post
The biggest question of all, how many have their homes paid off?
Probably not a valid question, because the median duration of home ownership is only 13 years. You have to, in most cases, stay 30 years to pay off a 30 year mortgage. We have been here 25, and plan to retire and sell in 4-5. So far this year two neighbors that bought new 30+ years ago retired, sold their paid off homes and downsized, another coming up next spring. Even so, those were their second or third house, this is our third.
People still start off small, with a small, older house or condo, then get a larger house when they have kids, and maybe bigger yet later when they reach peak income, then downsize, and most (70%) never pay off their home except when selling and then they get another.
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Old 11-10-2018, 10:59 PM
 
438 posts, read 97,168 times
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Quote:
Originally Posted by Hemlock140 View Post
Probably not a valid question, because the median duration of home ownership is only 13 years. You have to, in most cases, stay 30 years to pay off a 30 year mortgage. We have been here 25, and plan to retire and sell in 4-5. So far this year two neighbors that bought new 30+ years ago retired, sold their paid off homes and downsized, another coming up next spring. Even so, those were their second or third house, this is our third.
People still start off small, with a small, older house or condo, then get a larger house when they have kids, and maybe bigger yet later when they reach peak income, then downsize, and most (70%) never pay off their home except when selling and then they get another.
It reads paid off home.
If you have a home without a mortgage, then all you are paying is taxes and homeowners insurance. About 1/4th of the cost of a mortgage or owning.

Last edited by BumbleBeeHunter; 11-10-2018 at 11:43 PM..
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