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2009-2010 was a boon to people with cash on their hands. Are you joking, my family has a real estate holding and operating business and we all went on a spending spree, so did other similarly situated folks I knew, one person I knew got some great deals on beach houses. It was good times if you had cash.
I manage a trust for my family, and I can only put money into nearly risk-free investments like insurance annuities. WE are getting a whopping 1.25% after the initial 1st year teaser of 2.75%. On top of that, the cash is locked up for 3-7 years. And this is considered a pretty good deal compared to CDs and savings accounts.
You are the exception to the norm. Why would you think the typical person would have that kind of free cash? Not even close there sparky.
Or you can do a minimum wage job in a state with a higher minimum wage. That is a much better raise.
3.3% at $9 an hour is a whole additional shiny nickel per hour ($ .30 raise vs .25, woo hoo) , .04 per hour more net tax. $1.60 per 40 hour week. Much better.
So you reason that a person should move to another state for a higher minimum wage job?
Maybe you should start reading the entire posts so you don't look any more foolish than you do now.
No, people should look to moving to other places if it is for higher paying jobs. Why anyone would be willing to work for federal minimum wage when there are states with a higher minimum wage is beyond me.
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