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re: Americans think they need to earn $233,000 to live comfortably, and $483,000 to be rich
Posted on 7/10/23 at 8:23 am to BlackCoffeeKid
Posted on 7/10/23 at 8:23 am to BlackCoffeeKid
quote:
This is higher than I thought it would be.
High income earners raise the average really high. The median will be much lower.
1
Posted on 7/10/23 at 8:24 am to 3D
quote:
$233k doesn't go that far after taxes, mortgage, car payt, car ins, cell phone bills, travel ball, maybe a vacation, investment savings & summer camp for 2 kids..
LMAO...There is plenty of fat in your hypothetical there.
Vactions? That's a luxury.
Probably bought too much house and too much car.
Examine your spending and consumption choices before complaining.
This post was edited on 7/10/23 at 8:59 am
Posted on 7/10/23 at 8:24 am to BabyTac
quote:
I first crossed the $200
ill take things that never happened for 100 alex
Posted on 7/10/23 at 8:25 am to Damone
quote:
Price of everything goes up exponentially and wages stagnate. We live in an awesome country.
The Fed builds in a 2% inflation target into their numbers. That's a 2% tax increase every year. You ever hear anyone complain about it?
Posted on 7/10/23 at 8:25 am to Gaston
quote:
In southern Mississippi that’s about right
If you make $233K in south Mississippi, you are a king.
Posted on 7/10/23 at 8:25 am to jclem11
quote:
Noone pays 50% effective tax rates outside of high earners in CA or NYC.
Fix your withholding.
That’s just not true.
Posted on 7/10/23 at 8:27 am to 3D
quote:
$233k doesn't go that far after taxes, mortgage, car payt, car ins, cell phone bills, travel ball, maybe a vacation, investment savings & summer camp for 2 kids.
This. Combined income my ole lady and I make around $300k but after school tuition, day care, car note, camps, savings/investments feels like there's not much left over. $483k would be a hell of a lot more comfortable,
Posted on 7/10/23 at 8:31 am to Dragula
The old lady and I earn about $300k combined. Even in central MS, with kids in college, that doesn't go as far as one thinks. Too many variables.
Posted on 7/10/23 at 8:31 am to Dragula
Alternative headline:
Average American is dumb as a box of rocks
Average American is dumb as a box of rocks
Posted on 7/10/23 at 8:31 am to LSUGrrrl
quote:
That’s just not true.
Source?
I stare at this stuff all day everyday, your average OTer is not paying anything close to a 50% effective tax rate. LMAO.
Are we overtaxed for what services are provided? Absolutely.
Don't outright lie to make a point.
ETA: Do you know how to calculate an effective tax rate?
Hint: you cannot take the withholding from your paycheck to determine the effective rate.
This post was edited on 7/10/23 at 8:32 am
Posted on 7/10/23 at 8:32 am to 3D
quote:
$233k doesn't go that far after taxes, mortgage, car payt, car ins, cell phone bills, travel ball, maybe a vacation, investment savings & summer camp for 2 kids.... nothing excessive than your neighbors
And this is the problem with most of America. Because it sure as heck does.
Posted on 7/10/23 at 8:33 am to RogerTheShrubber
Average guy on the OT makes 200
Posted on 7/10/23 at 8:34 am to jclem11
quote:
[quote]$233k doesn't go that far after taxes, mortgage, car payt, car ins, cell phone bills, travel ball, maybe a vacation, investment savings & summer camp for 2 kids../quote]
Vacations are a luxury.
I travel a lot but it'd be the first thing cut easily if needed.
Posted on 7/10/23 at 8:40 am to Fe_Mike
quote:
And this is the problem with most of America. Because it sure as heck does
We could live comfortably on far less than 233k
Posted on 7/10/23 at 8:41 am to Dragula
Money really isn't worth what it used to be. People used to be excited by getting a six figure salary, but I think you need more like 160k or more to buy What 100k used to get you
Also note that most people today don't really have a savings account.
Also note that most people today don't really have a savings account.
This post was edited on 7/10/23 at 8:42 am
Posted on 7/10/23 at 8:43 am to FearTheFish
quote:
If you make $233K in south Mississippi, you are a king.
Bay St Louis is a different beast. We live comfortably here on that though. I don’t own a nice boat however.
Posted on 7/10/23 at 8:43 am to FishinTygah84
quote:
I remember 10 years ago thinking “if I can just make it to 100k, I’ll be good.” Now I make more than that and I feel like I never have any money
You got a spending/expense problem, not an income problem.
Posted on 7/10/23 at 8:45 am to Damone
quote:
Price of everything goes up exponentially and wages stagnate. We live in an awesome country.
The ruling party is putting the squeeze on the middle class.
Posted on 7/10/23 at 8:46 am to 3D
quote:
$233k doesn't go that far after taxes, mortgage, car payt, car ins, cell phone bills, travel ball, maybe a vacation, investment savings & summer camp for 2 kids.
BS you could have an older car with no payment, screw travel ball, and cut out summer camp.
Posted on 7/10/23 at 8:48 am to Dragula
There was a recent study showing that happiness seems to plateau around 75-80K. I lived on 50k very comfortably for 4 years after grad school, albeit in low cost of living areas and not taking pricy vacations. If people think they need 200K+ just to be comfortable then they need to reassess their lifestyle.
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