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Yeah ,that post relates to my experience in pa. So what is your point
Annnnd I'm done:
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Originally Posted by Themanwithnoname
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accept that costs of living is relative and your attempt at making it simplistic in order to support your viewpoint is a farce, and a complete
Failure.
Quote:
Originally Posted by Themanwithnoname
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I don't really care that you cannot accept that, just like you won't accept all the other people telling you your wrong.
since i dont want to respond to the argument above...
Quote:
Originally Posted by WOKEAF234
yea it definitely depends on what city your in. I Live in kansas city and 50k here would be a nice chunk of money
yay for random post quote... the $50k/household really depends on how many people it takes to make that $50k.
if it is a single earner with a stay at home partner, the stay at home partner is the "luxury" they are buying so factor in that additional income and they could be a $100k/household but choose to spend half the income to be at home for whatever reason, raise kids or school or anything
if it took two people earning $25k each, well, two low earners are still going to be poor, they are having to pool their resources so this $50k/household would be poor
since i dont want to respond to the argument above...
yay for random post quote... the $50k/household really depends on how many people it takes to make that $50k.
if it is a single earner with a stay at home partner, the stay at home partner is the "luxury" they are buying so factor in that additional income and they could be a $100k/household but choose to spend half the income to be at home for whatever reason, raise kids or school or anything
if it took two people earning $25k each, well, two low earners are still going to be poor, they are having to pool their resources so this $50k/household would be poor
If your household brings in the national median income, then your household is NOT 'poor'. You are average.
It makes no difference if on person earned that level of income or if it took six people to earn that income. When looking at income per household it no longer makes any difference how much an individual makes.
Iv lived in two states now and wouldn't consider a $50k income poor in either one unless they cannot manage money well.
Of course the budget is more for some locations and to low for others.
$1000 a month for rent mortgage is quite high in certain areas. I previously lived in a medium sized nice town in Ohio where a very nice home rented for well under $1000. Getting an apartment for $300-600 a month with utilities normally included. My husband and I, no kids, spend roughly $250 a month for groceries. This was in Ohio and now in Florida. I also consider someone who can pay all their bills, have some fun money to enjoy and still save $500 afterwards is doing quite well. So many do not save that each month.
For us, that income is not poor. It wouldn't be enough(or would be a struggle) for those who have a lot of debt, cannot manage money well, tend to overspend or live in high cost areas.
If your household brings in the national median income, then your household is NOT 'poor'. You are average.
It makes no difference if on person earned that level of income or if it took six people to earn that income. When looking at income per household it no longer makes any difference how much an individual makes.
no, but between your six people in a household of $50k, it is not likely one of those six has good financial skills to get out of their situation unless it is a specific case of 6 college students rooming together
6 poor people will stay poor, a household with 1 earner making the median household income while one partner stays at home is in a better situation because they have a specific goal for that other non-working partner
I have had tenants who were Chinese immigrant families, with the highest wage earner in such a family making Minimum-Wage. In one specific case, at the end of three years as tenants, they were able to move out of my building, and into a house that they had bought for themselves.
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