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re: Powell no longer believes inflation will reduce

Posted on 5/14/24 at 10:12 am to
Posted by BearCrocs
Member since Aug 2013
6501 posts
Posted on 5/14/24 at 10:12 am to
Tell me how someone making 50k a year can afford:

Rent/Mortgage
Car Payment
Groceries

Basic necessities of life.

Wages sure as hell are not going up!

Posted by RaoulDuke504
Member since Aug 2023
1104 posts
Posted on 5/14/24 at 10:13 am to
quote:

Tell me how someone making 50k a year can afford: Rent/Mortgage Car Payment Groceries Basic necessities of life. Wages sure as hell are not going up!


I make 75k a year and still struggle with no kids.you need to make 100k to be middle class now
Posted by GoldenGuy
Member since Oct 2015
10948 posts
Posted on 5/14/24 at 10:26 am to
quote:

Tell me how someone making 50k a year can afford: Rent/Mortgage Car Payment Groceries Basic necessities of life. Wages sure as hell are not going up!


They find a roommate.

Unfortunately, both Millennials and Gen Z are shite at getting to know each other
Posted by scottydoesntknow
Member since Nov 2023
2283 posts
Posted on 5/14/24 at 10:40 am to
If im thinking averages of someone who loves alone and owns a 200k home:

quote:

Rent/Mortgage


1350-1850/mth

quote:

Car Payment


200-400/mth

quote:

Groceries


500-800/mth

24k-36k/yr on the most basic necessities

After taxes are taken out of 50k, you are on a pretty thin margin to do anything other than eat/sleep/work
Posted by SirWinston
PNW
Member since Jul 2014
82861 posts
Posted on 5/14/24 at 11:10 am to
quote:

Tell me how someone making 50k a year can afford:

Rent/Mortgage
Car Payment
Groceries

Basic necessities of life.


Especially if someone like this lives in a studio apartment and can't stock up on good deals when you come across them.
Posted by Double Oh
Louisiana
Member since Sep 2008
18210 posts
Posted on 5/14/24 at 11:37 am to
They can’t make it on 50k. These days 50k won’t get you very far
Posted by Bass Tiger
Member since Oct 2014
46611 posts
Posted on 5/14/24 at 1:17 pm to
quote:

Tell me how someone making 50k a year can afford:

Rent/Mortgage
Car Payment
Groceries

Basic necessities of life.

Wages sure as hell are not going up!



And to think, just 4 short years ago a household income of $100k was a decent income.

Imagine being one of the Dim Drones who voted for this horse shite, trying to convince themselves everything is so much better now that OMB has been dealt with.
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