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Old 10-17-2019, 07:54 AM
 
Location: Bellevue WA
1,338 posts, read 414,753 times
Reputation: 1555

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A new study released by GOBankingRates says Seattle and Bellevue made a list of 25 U.S. cities where earning $100,000 a year isn't even enough to stay afloat.
I'll leave the link to the study rather than post the post the stats. And how is your day going?
https://www.kiro7.com/news/local/stu...00k-/997316018
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Old 10-17-2019, 08:47 AM
 
Location: Outside US
1,662 posts, read 660,682 times
Reputation: 2250
Quote:
Originally Posted by AleeGee View Post
A new study released by GOBankingRates says Seattle and Bellevue made a list of 25 U.S. cities where earning $100,000 a year isn't even enough to stay afloat.
I'll leave the link to the study rather than post the post the stats. And how is your day going?
https://www.kiro7.com/news/local/stu...00k-/997316018
I know people who make six-figures who are living paycheck to paycheck on the East-side.

Paycheck to paycheck, payment to payment = broke.
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Old 10-17-2019, 09:25 AM
 
Location: Portal to the Pacific
5,505 posts, read 5,340,233 times
Reputation: 6827
It's cute that they took such a broad stroke brush to that "overall annual expenditures".

We are a family of four and we've never had a 6 figure lifestyle.
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Old 10-17-2019, 09:38 AM
 
124 posts, read 248,916 times
Reputation: 107
Seems like click bait to me. There is absolutely no data behind the 'overall annual expenditures' stat. For a family of what size? I am certain that a single person would be fine with that salary. I have no doubt that a couple with that income would have to budget their expenditures, but that's not struggling... that's just being prudent.
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Old 10-17-2019, 10:36 AM
 
Location: Seattle
6,157 posts, read 4,891,988 times
Reputation: 3719
I think a lot of it depends on housing expenses. If you already have a home with equity, therefore a lower mortgage payment, you probably are fine. If you have moved here from another place where you had equity and reinvested to buy a place, you are probably fine. If you choose to live in modest smaller home or apartment, you are probably fine. If you are a good budgeter, you are probably fine. You can't have it all though, it's amazing how fast frequent meals out and $6 frappuchinos add up, not to mention fancy new car payments. I have a 7 year old Subaru Outback, paid off, works great.
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Old 10-17-2019, 12:37 PM
 
Location: Independent Republic of Ballard
6,849 posts, read 5,323,504 times
Reputation: 4469
Quote:
Originally Posted by Returning2USA View Post
I know people who make six-figures who are living paycheck to paycheck on the East-side.

Paycheck to paycheck, payment to payment = broke.
1. Buy the biggest house you can't afford.

2. Eat peanut butter.

3. Shop at the Food Bank.

4. Blame poor people.
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Old 10-17-2019, 03:56 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
30,848 posts, read 56,232,507 times
Reputation: 32842
When the median household income is $ 183,000 as in Sammamish now, there are going to be people making only $100,000 struggling to keep up with the cost of housing, property taxes, and other expenses. I know we couldn’t afford to live here if we hadn’t bought in 1993. We are now below the median but doing fine as are others in our neighborhood that bought in the 1980s-90s, some making well under $100k.



https://mynorthwest.com/1543632/samm...ian-household/
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Old 10-17-2019, 09:40 PM
 
Location: Seattle
7,155 posts, read 9,264,497 times
Reputation: 3989
Quote:
Originally Posted by AleeGee View Post
A new study released by GOBankingRates says Seattle and Bellevue made a list of 25 U.S. cities where earning $100,000 a year isn't even enough to stay afloat.
I'll leave the link to the study rather than post the post the stats. And how is your day going?
https://www.kiro7.com/news/local/stu...00k-/997316018
And one of these rich cities offers no entertainment or shopping.

"Sammamish: #1 in US in Median Income with No Place to Spend It"

https://sammamishnow.com/blog/sammam...=firstinincome
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Old 10-18-2019, 05:48 AM
 
921 posts, read 1,845,220 times
Reputation: 1379
Quote:
Originally Posted by Botev1912 View Post
And one of these rich cities offers no entertainment or shopping.

"Sammamish: #1 in US in Median Income with No Place to Spend It"

https://sammamishnow.com/blog/sammam...=firstinincome
Spend it all on housing like the Chinese.
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Old 10-18-2019, 07:37 AM
 
Location: Outside US
1,662 posts, read 660,682 times
Reputation: 2250
Quote:
Originally Posted by CrazyDonkey View Post
1. Buy the biggest house you can't afford.

2. Eat peanut butter.

3. Shop at the Food Bank.

4. Blame poor people.
Yup.

Living in a house that's too expensive and then say can only eat out X amount of times every 2 weeks.

Stupid.
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