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re: How the other 40 percent live

Posted on 7/7/19 at 10:04 am to
Posted by GVT
Lafayette
Member since Jan 2004
1042 posts
Posted on 7/7/19 at 10:04 am to
2 vehicles that they probably trade in for the newest models every 2 years
Posted by GreatLakesTiger24
Member since May 2012
61510 posts
Posted on 7/7/19 at 10:04 am to
they only have one car that is two months past due. another car was repossessed.
Posted by Porter Osborne Jr
Member since Sep 2012
44186 posts
Posted on 7/7/19 at 10:37 am to
They built to many apartments and got hit bad by the recession. Turned lots of nice, newer homes into HUD and section 8.
Posted by East Coast Band
Member since Nov 2010
66988 posts
Posted on 7/7/19 at 10:45 am to
quote:

They built to many apartments and got hit bad by the recession. Turned lots of nice, newer homes into HUD and section 8.

Probably happened all over the country.
Posted by meansonny
ATL
Member since Sep 2012
27017 posts
Posted on 7/7/19 at 10:56 am to
My wife wanted to shop for 4th of July deals (I never shop so I'm clueless on prices).

All I can say is that some people spend a shite ton on brand name clothing and shoes.

Add in phones and the occasional eating out (even fast food) and it is easy to blow through a paycheck.

I lived the broke college life. So I didn't have kids to take care of. But I could budget a lifestyle with social life for under $700/month.
Posted by thetempleowl
dallas, tx
Member since Jul 2008
16097 posts
Posted on 7/7/19 at 11:13 am to
But the need to have that new cell phone and they need cable TV. And they need some premium channels.

They need a truck if you are in Texas. They need a new TV. They need to go out and enjoy themselves and they need to go on vacation.

So, I wonder why they have less wealth now then they did 30 years ago when people didn't need these things and spend on all these things.
Posted by TigahTeeth
Georgia
Member since Feb 2016
6575 posts
Posted on 7/7/19 at 11:27 am to
Funniest of is the fact they bring up hourly wage. Hourly wage has been affected since the influx of illegal immigrants because they work for next to nothing while piling 3-4 families in a 3 bedroom house and send all there money back to families in Mexico. But we can’t talk about that because it would be racist. Lol
Posted by meansonny
ATL
Member since Sep 2012
27017 posts
Posted on 7/7/19 at 11:28 am to
Yeah. I've lived without a car, without cable, without a cell phone, and without internet and with roommates.

With a living budget under $700, I was actually able to save money for a car.
Posted by Adam Banks
District 5
Member since Sep 2009
38499 posts
Posted on 7/7/19 at 11:33 am to
Assuming that’s her in the picture that’s quite a nice, large house for a “poor” person
Posted by Lawyered
The Sip
Member since Oct 2016
38761 posts
Posted on 7/7/19 at 11:45 am to
quote:

a living wage


That's ambiguous ... what is livable... 30 an hour.... People spend money and Live differently... that isn't 1 flat number for everyone...
Posted by Tiger Ryno
#WoF
Member since Feb 2007
108717 posts
Posted on 7/7/19 at 11:48 am to
8 bet she still has a thousand dollar phone, cable, flat screens, 50 thousand dollar vehicle and eats out 10 times a week, but can barely keep up. This is an indictment of the economy.
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