Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Location: Was Midvalley Oregon; Now Eastside Seattle area
13,161 posts, read 7,675,883 times
Reputation: 9957
Advertisements
wonders to be seen:
$100,000 household income families (1->n people) are living pay-check to pay-check.
Any sympathy from families earning less than this amount?
Ymmv
I think I would argue that if you can rack up 10 months of savings, you’re not exactly living paycheck to paycheck. Don’t get me wrong, I don’t think you’re rich at all, but in my mind, paycheck to paycheck means I have no savings, so even a small setback, like needing new brakes on my car, is going to set me back.
And kudos to you for being able to save 10 months of expenses! We should all do that, if possible.
Yes, it's why I questioned the paycheck to paycheck thing. I live that way, but have a carve out for savings.
We have 2 daughters (4 & 1). Our childcare bill was $2k/month in dec. Got notice it was going up to $2.5k in Jan and then just told again it’s going up to $2.75k per month in April . Inflation is killing our budget.
We have 2 daughters (4 & 1). Our childcare bill was $2k/month in dec. Got notice it was going up to $2.5k in Jan and then just told again it’s going up to $2.75k per month in April . Inflation is killing our budget.
So it seems to me that a parent would have to make at least $50k just to come out even, if one adds the work-related expenses (extra gas to and from work, possibly a more costly clothes budget depending on the job, etc.).
I wonder if we will be seeing a return to situations in where one parent works and one parent stays home when they have at least one child under the age of six.
Is it really any wonder that middle-income people are having fewer children these days?
Off the top pay cash for your car. If that means you can only buy an old car. Well that tells you, you are doing a bad job saving up money.
Take away the car and that is still pretty much impossible. $400 per week is $1600 per month. I don't know anyone that can live on that in today's environment.
We have 2 daughters (4 & 1). Our childcare bill was $2k/month in dec. Got notice it was going up to $2.5k in Jan and then just told again it’s going up to $2.75k per month in April . Inflation is killing our budget.
If the government starts subsidizing childcare more, it will go up again.
These threads can get so ridiculous. First off, it was pointed out to the OP that this situation has existed for years (even though he tries to vehemently deny it)
And then we get 100 pages of whataboutisms. If someone is living paycheck -to-paycheck, the first place to look is in the mirror. I can pretty much assure you life wasn't fine and dandy for these people over the last few years either. This doesn't just magically happen with some inflation. In all likelihood, that person/family has struggled all along and it could be for a variety of reasons (and in some cases...dare I say it....bad decisions).....
Poor job skills so income is limited
Poor family planning
The inability to budget and prioritize (living beyond means) and excessive debt (caused by poor financial planning)
Lack of ability to be self sufficient (i.e. fixing and maintaining things)
These are just a few reasons (I'm sure others can list many more).
Ultimately it's a puzzle that is up to the individual to solve. Dealing with these ridiculous whataboutisms is an exercise in futility. It's unlikely anyone on an internet forum is going to be able to fix anything for those complaining (and certainly spending time ranting solves nothing).
Life is hard. I guess you'll need to figure it out.
These threads can get so ridiculous. First off, it was pointed out to the OP that this situation has existed for years (even though he tries to vehemently deny it)
And then we get 100 pages of whataboutisms. If someone is living paycheck -to-paycheck, the first place to look is in the mirror. I can pretty much assure you life wasn't fine and dandy for these people over the last few years either. This doesn't just magically happen with some inflation. In all likelihood, that person/family has struggled all along and it could be for a variety of reasons (and in some cases...dare I say it....bad decisions).....
Poor job skills so income is limited
Poor family planning
The inability to budget and prioritize (living beyond means) and excessive debt (caused by poor financial planning)
Lack of ability to be self sufficient (i.e. fixing and maintaining things)
These are just a few reasons (I'm sure others can list many more).
Ultimately it's a puzzle that is up to the individual to solve. Dealing with these ridiculous whataboutisms is an exercise in futility. It's unlikely anyone on an internet forum is going to be able to fix anything for those complaining (and certainly spending time ranting solves nothing).
Life is hard. I guess you'll need to figure it out.
The percentage of those earning more than $100,000/year living paycheck to paycheck went up from 10% in 2017 to 48% in January 2022. That's a lot more people needing to learn to figure it out.
The percentage of those earning more than $100,000/year living paycheck to paycheck went up from 10% in 2017 to 48% in January 2022. That's a lot more people needing to learn to figure it out.
No it did not and it was already pointed out to you in post #160 as much as you'd like to ignore it. And people with savings are not exactly living paycheck-to-paycheck. But do continue to try to make your sensationalistic claims based on your propaganda from "The Hill".
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
