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Many of the poorest have no trouble affording , drugs , guns , phones , sneakers , liquor and lottery tickets....
With a multi trillion dollar under ground economy all these stats about many who supposedly have nothing are a crock as they are part of that usage economy
You are thinking of broke people in the 70s high on heroin.
You don't understand how easy it is to slide from Middle class to living in your car under the bridge these days.
You need to watch what's happening in California.
You don't see it here because it gets too cold. You don't see the former software engineers in San Diego and South Florida living in their car next to a shack.
Even if you save a million dollars you're still 10 years away from homelessness IF YOU CANNOT GET A JOB AFTER THAT.
No amount of money below 3-5 million ( per person) will save you from automation.
Unless you live in the Bayou with no health insurance
There are 11 million adults in the U.S. with at least 1 million dollars. That's 3.35% of the population.
Remove the people with only one million. So that means less than 3% of people can sustain themselves indefinitely without working.
People need to work to make money.
Work requires jobs.
Jobs have fallen below replacement level since 2008.
I had one main requirement in my 35 years of working, that my job had a vested pension. I know it's a lot rarer to find these days, but it still is possible. I knew from day one that if I made it to retirement I would want and need a pension. I also worked for major corporations, where if you proved yourself valuable, the odds of being laid off or fired were very small.
Quote:
Originally Posted by Tencent
You are thinking of broke people in the 70s high on heroin.
You don't understand how easy it is to slide from Middle class to living in your car under the bridge these days.
You need to watch what's happening in California.
You don't see it here because it gets too cold. You don't see the former software engineers in San Diego and South Florida living in their car next to a shack.
Even if you save a million dollars you're still 10 years away from homelessness IF YOU CANNOT GET A JOB AFTER THAT.
No amount of money below 3-5 million ( per person) will save you from automation.
Unless you live in the Bayou with no health insurance
There are 11 million adults in the U.S. with at least 1 million dollars. That's 3.35% of the population.
Remove the people with only one million. So that means less than 3% of people can sustain themselves indefinitely without working.
People need to work to make money.
Work requires jobs.
Jobs have fallen below replacement level since 2008.
You are thinking of broke people in the 70s high on heroin.
You don't understand how easy it is to slide from Middle class to living in your car under the bridge these days.
You need to watch what's happening in California.
You don't see it here because it gets too cold. You don't see the former software engineers in San Diego and South Florida living in their car next to a shack.
Even if you save a million dollars you're still 10 years away from homelessness IF YOU CANNOT GET A JOB AFTER THAT.
No amount of money below 3-5 million ( per person) will save you from automation.
Unless you live in the Bayou with no health insurance
There are 11 million adults in the U.S. with at least 1 million dollars. That's 3.35% of the population.
Remove the people with only one million. So that means less than 3% of people can sustain themselves indefinitely without working.
People need to work to make money.
Work requires jobs.
Jobs have fallen below replacement level since 2008.
Do the math.
Solving the worlds problems are above my pay grade ...I deal with what I can control or what I can change ..
I can’t change peoples lives from what they chose or end up being ....
I had one main requirement in my 35 years of working, that my job had a vested pension. I know it's a lot rarer to find these days, but it still is possible. I knew from day one that if I made it to retirement I would want and need a pension. I also worked for major corporations, where if you proved yourself valuable, the odds of being laid off or fired were very small.
My parents have pensions from the city.
It's still possible but the plans are gutted compared to before.
My sister will have to work until she's 55. She's 25 now. You could get away with 20 years at 80% before.
Now it's 30 years at 70%.
It gets worse with each generation.
If I had to do it again I would still go the college debt and private industry route. They treat public employees like sh** and you have one false move and your pension is gone, 27 years down the drain. Now you're old with no private sector skills and nobody will hire you?
I retired from a public utility company after 28 years with 48% of my last year's salary at 58-1/2 years old. After a year I got another job until I was 62 while still collecting my pension. Those two extra years of work let me pay off my mortgage and set me up financially. And I started collecting SS at 62. My company offered a retiree health plan, plus after I turned 65, a medicare supplemental plan, both of which I contributed to and still do, so our health cost concerns are taken care of for a predictable monthly premium that comes right out of my pension. Due to the COLA on my pension and social security, I've been retired for 12 years and with my pension, our SS and the RMD on my IRA, my gross income now exceeds my last year's salary the year I retired from my company. The pension was the key, even though when I first retired we lived with a 40% reduction in income until I got two extra years of work and SS kicked in. My son was a fireman and got paneled out with a medical disability. His pension is a lot higher than mine and it's tax free. Plus he is free to run his own home improvement business.
Quote:
Originally Posted by Tencent
My parents have pensions from the city.
It's still possible but the plans are gutted compared to before.
My sister will have to work until she's 55. She's 25 now. You could get away with 20 years at 80% before.
Now it's 30 years at 70%.
It gets worse with each generation.
If I had to do it again I would still go the college debt and private industry route. They treat public employees like sh** and you have one false move and your pension is gone, 27 years down the drain. Now you're old with no private sector skills and nobody will hire you?
I think a key issue is that it's possible to live in NYC if you are poor (not easy,but possible.) '
It's fun if you are rich.
It's harder if you are working class or middle class.
If poor people weren't around propped up by the lefist government. They would get paid even higher salaries or hourly rates. Because the employers know that many poor people aren't paying much for rent they can pay people less. Because some people wouldn't mind taking a lower rate because they are living in NYC for free.
So think about that, your salary is local economy adjusted.
Eh idk about this one , doesent sound reasonable . While practically some poor people Live in nyc for free it doesent matter because pay rates at jobs are already set and applicants come from people who live in all places not just low income housing
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