re: Americans Say They Need to Earn $128,000 to Feel Financially OK.

Shows there's no real poverty here so they have to pretend.

Dude is backpedaling hard

Probably closer to $50 fast food and $60 at the fast casual places.

I got fast food at a chicken finger place today and it was $11 without a drink for 1 person. Add in $2.50 for a drink and 9% tax…

quote:

---

Americans Say They Need to Earn $128,000 to Feel Financially OK.

---

that's a pretty reasonable number, especially for a family

I pay like 800 every six months for insurance on two fairly new vehicles and a bass boat.

Maybe 500 on groceries a month with household essentials.

450 for one vehicle and nothing on the other.
700 house payment (with insurance)
Maybe another 300 on utilities
Both of my kids are in school. That’s basically the bare bones of our expenses. Family of four.

A lot of people aren’t just good at managing money. I bought my house about ten years ago and instead of drinking or partying away my money when I was single, I saved. Put a lot down on my house.
I had a co worker quit about six months ago. I can only assume he was making around what I do and lived check to check. He was on his third house in five years and probably 8 vehicles between him and his wife. He’s making probably double now and still lives check to check.
But they live in a 300k house and drive 65-70k vehicles one lay off away from losing it all. I couldn’t live like that.

My buddy recently put himself through the torture of figuring out how much money he's spent on daycare in his life. I think it was like 280k and he isn't done yet.

What do y’all order?

The poorest people in this country are squarely in the top 5% in wealth in the world

I would agree with this. If you start to add up expenses, $128k is where you start to get to the point where you can go out to eat a few times a month without worry, or you can start to seriously save for retirement, etc.

At 128k, your after-tax income will be around 7000/month.

- 1600/month avg rent/mortgage
- 1200/month daycare if you have a kid
- 200/month car insurance
- 400/month car note
- 400/month groceries
- 300/month utilities
- 75/month streaming services
- 100/month internet
- 150/month cell phone
- 500/month general spending (household supplies, etc)

This will leave you with about $2000/month left over. If you're investing in a 401k, you now have about $5-800 to do whatever you want with.

So yeah, 128k is pretty spot on for where you can start to unclench your buttcheeks.

I got by on 1/6th of that relatively easy. The secret is not to get into a shitload of debt and buy a bunch of shite you don't need like a retard.