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Started By
Message
re: It takes more than $55k to live secure in BR
Posted on 1/14/15 at 11:06 am to thesoccerfanjax
Posted on 1/14/15 at 11:06 am to thesoccerfanjax
quote:
No that's not what I meant. I don't think it's at all hard to live quite comfortably for a dual income household on $55K.
Oh, I can't speak on that, because I don't have kids and make more than 55k
When I was single making 55k I felt quite comfortable and saved a ton.
1
Posted on 1/14/15 at 11:08 am to Epic Cajun
quote:
When I was single making 55k I felt quite comfortable and saved a ton.
ain't that the truth
Posted on 1/14/15 at 11:11 am to yellowfin
55k? not a lot to live on anywhere if you are supporting a family of 4.
Posted on 1/14/15 at 11:11 am to Farkwad
quote:
A family with two adults and two children must take home at least about $63,648 each year to be economically secure; the amount of money needed to ensure families have basic essentials and live a modest but dignified life.
Who defines this?
Posted on 1/14/15 at 11:24 am to illuminatic
quote:
I made the same this past year, no kids and I live paycheck to paycheck basically. I have like $7 in my savings.
I suspect a lot of people in your situation have a giant car note, and possibly even pay too much for housing. Throw in going out frequently and it is easy to blow through cash.
Posted on 1/14/15 at 11:29 am to Tiger Ryno
quote:
55k? not a lot to live on anywhere if you are supporting a family of 4.
Then why would you have two kids if you can't really afford it? I'm not sympathetic to those people but I am sympathetic to the kids if they are TRULY going without. Especially if the parents have iPads and iPhones and new cars.
This post was edited on 1/14/15 at 11:30 am
Posted on 1/14/15 at 11:33 am to Tiger Ryno
I could cut lots out of my budget if I needed to, could probably get it down to 55k
Posted on 1/14/15 at 11:36 am to illuminatic
quote:
quote:
Makes sense - The ole lady and I make a little over $100,000 together in DFW with one kid and barely get by.
I made the same this past year, no kids and I live paycheck to paycheck basically. I have like $7 in my savings.
You're definitely doing (or did) something wrong.
Posted on 1/14/15 at 11:43 am to thesoccerfanjax
Health insurance costs are the real killer when you start a family. Affordable housing in a safe area can also be difficult to come by if you have a lower middle class income.
However I think cars are the one area that most middle class folk over extend themselves.
My wife and I are in the 70-80 K range. We live in a modest home with 1 kid, and don't have a car payment. Frankly, I don't feel like I can save a responsible amount AND afford even a used car payment.
We also cut cable last summer, and we are still looking for ways to cut back.
However I think cars are the one area that most middle class folk over extend themselves.
My wife and I are in the 70-80 K range. We live in a modest home with 1 kid, and don't have a car payment. Frankly, I don't feel like I can save a responsible amount AND afford even a used car payment.
We also cut cable last summer, and we are still looking for ways to cut back.
Posted on 1/14/15 at 11:47 am to Farkwad
I don't understand why people want to live in big cities. There's plenty of jobs in small towns at the paper mill and the feed store.
Posted on 1/14/15 at 11:49 am to Farkwad
Fortunately, the news story provides a link to the study itself. Going through it I can see some pretty big problems with their numbers.
In other words, only the best for Junior. They also assume any school-age kids will be going to day care both before and after school.
Their healthcare cost estimates seemed high, and I quickly figured out why:
There may be more but I don't have the time.
quote:
Child care costs are presented in 2014 inflation-adjusted dollars based on the 75th percentile weekly rate for center-based care at a
Class A center.
In other words, only the best for Junior. They also assume any school-age kids will be going to day care both before and after school.
Their healthcare cost estimates seemed high, and I quickly figured out why:
quote:
Estimated costs of premiums are based on the total cost of an employer-sponsored insurance plan, not just the employee contributions
There may be more but I don't have the time.
Posted on 1/14/15 at 11:49 am to el Gaucho
The profit margins on feed are ludicrous.
Don't even get me started on seeds.
Don't even get me started on seeds.
Posted on 1/14/15 at 11:50 am to Farkwad
How are they defining "modest but dignified". I just took a look at my Mint budgets, which is broken down by all of the "necessities". My wife and my daughter can "get by" on a budget of $3000 a month, or $36k a year. Those "necessities" include two car notes (could be lower) cell phones (could be lower), student loans (not everyone has these) and a mortgage. Gas groceries utilities all factored in. I say that's pretty "modest but dignified" and that's $36k for the year. I earn the right to have nicer things than that, and if I made less, I would spend less. It's called fricking priorities.
Posted on 1/14/15 at 11:50 am to Farkwad
Govt. has been "officially" fighting poverty since the War on Poverty was launched by LBJ.
It's a war that the govt. really doesn't want to win because if they erased poverty in this country, many bureaucrats would lose their jobs and politicians would lose control over our taxes.
Consequently, poverty keeps getting redefined to justify bigger and bigger govt.
This seems like an attempt to move the poverty line up to 55K a year. I know its semantics, but all of a sudden leading a "secure" life is the goal and not reducing poverty.
Furthermore, when you see it written that this place has the most or this has the least; keep in mind that there is always the best and there is always the worst. Whether BR is second to highest, third to highest or the highest is irrelevant because in this case the differences are probably insignificant and chances are people who live in bigger cities like BR, NO, or Lafayette enjoy more opportunities and have a better quality of life than people in smaller communities who don't have as many libraries, parks, hospitals, schools, etc.
It's a war that the govt. really doesn't want to win because if they erased poverty in this country, many bureaucrats would lose their jobs and politicians would lose control over our taxes.
Consequently, poverty keeps getting redefined to justify bigger and bigger govt.
This seems like an attempt to move the poverty line up to 55K a year. I know its semantics, but all of a sudden leading a "secure" life is the goal and not reducing poverty.
Furthermore, when you see it written that this place has the most or this has the least; keep in mind that there is always the best and there is always the worst. Whether BR is second to highest, third to highest or the highest is irrelevant because in this case the differences are probably insignificant and chances are people who live in bigger cities like BR, NO, or Lafayette enjoy more opportunities and have a better quality of life than people in smaller communities who don't have as many libraries, parks, hospitals, schools, etc.
Posted on 1/14/15 at 11:52 am to el Gaucho
you can make $750/week for the rest of your life at the factory!
Posted on 1/14/15 at 11:52 am to EveryonesACoach
quote:
$36K
Which before taxes would put you in the $55k range.
Posted on 1/14/15 at 11:53 am to Bmath
Maybe it's just me or maybe it's other factors. But I feel like you don't see regular middle class people driving OLD vehicles anymore like you used to. At my building, almost every car is shiny and new (not an easy task in the FL sun) besides my wife's car and my truck.
Posted on 1/14/15 at 11:54 am to EveryonesACoach
Not everyone has car notes, either.
Posted on 1/14/15 at 11:55 am to Bmath
quote:
Which before taxes would put you in the $55k range.
thought the article said they need to take home 63k?
This post was edited on 1/14/15 at 11:56 am
Posted on 1/14/15 at 11:57 am to GreatLakesTiger24
i really like driving the forklift
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