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More and more people are feeling the Bidenflation pinch, but how in the hell can nearly half of those earning $100,000+ barely keep their heads above water?
Pretty simple-have you looked at housing prices? Rent? Fuel? Food? Health insurance? And the biggie for most people-TAXES. Problem is that kind of income means you get to pay all your own way-you don't get the handouts lower incomes do, but you don't have the income to afford any hickups.
I am sitting here watching the news that is reporting the huge unprecedented demand for spring break travel, despite inflation. Miami, Orlando, the Gulf Coast and Hawaii are the hot spots.
Due to demand, lodging prices in some areas have doubled.
Spring break includes families with children, not just young adults.
According to this, nearly 40% plan to travel during Spring Break, up from 29% in 2021. Vbror reporting a nearly 50% increase in demand compared to 2021.
Most of those people live in ultra high cost-of-living places like Hawaii, CA & NYC. $100k in those places isn't much after housing & taxes are paid.
The rest are just very poor money managers, & lack self-discipline.
And yes, I agree that this inflation will continue to increase, and be w/ us until the Feds reduce spending....Feds reducing spending ROFL
You are forgetting my situation.
- Drowned in debt
- have 2 kids and one is a toddler and the other extremely high needs ADHD and demands constant attention and wakes at 4am
We have student loan debt, medical debt, a small business that is essential to keep us afloat because at this point we only make combined just enough to barely scrape by
And due to illnesses and school snow days, we had disaster days one of us had to take off work because no childcare no school no activities
We are exhausted and in so much debt and we do not spend a thing we don’t need, though some items in our home were broken by the kids while both of us couldn’t get out of work at the same time and one of the kids managed to force a bottle cap down a sink and clogged the drain and we had to pay a plumber
- Drowned in debt
- have 2 kids and one is a toddler and the other extremely high needs ADHD and demands constant attention and wakes at 4am
We have student loan debt, medical debt, a small business that is essential to keep us afloat because at this point we only make combined just enough to barely scrape by
And due to illnesses and school snow days, we had disaster days one of us had to take off work because no childcare no school no activities
We are exhausted and in so much debt and we do not spend a thing we don’t need, though some items in our home were broken by the kids while both of us couldn’t get out of work at the same time and one of the kids managed to force a bottle cap down a sink and clogged the drain and we had to pay a plumber
Your situation, although unfortunate, is not relevant to a discussion related to the masses (unless you're implying it's typical for the majority of people earning $100k or more to have the same situation as you).
- Drowned in debt
- have 2 kids and one is a toddler and the other extremely high needs ADHD and demands constant attention and wakes at 4am
We have student loan debt, medical debt, a small business that is essential to keep us afloat because at this point we only make combined just enough to barely scrape by
And due to illnesses and school snow days, we had disaster days one of us had to take off work because no childcare no school no activities
We are exhausted and in so much debt and we do not spend a thing we don’t need, though some items in our home were broken by the kids while both of us couldn’t get out of work at the same time and one of the kids managed to force a bottle cap down a sink and clogged the drain and we had to pay a plumber
Sounds like bankruptcy is what you need. Look into it asap
$100,000 is becoming the new $60,000. They move the chains up to $15 whether strictly enforced or not.however they forget a few links. You're in IT and now you make a slightly bit more than a customer service agent or janitor. All things being equal. Now those that did well begin to suffer especially if they carry debt.
Interesting point....then the key is if $100k is the new norm....live like you make $70k
You're trying REALLY hard to ignore what's really happening. You'll get a pat on the head from your sycophants. But in the meantime, a lot of Americans are recognizing what's going on.
"a lot of Americans are recognizing what's going on"
OK genius, tell us "UN-educated" souls.
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(Quoted for truth !) 
