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'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap (finance.yahoo.com)

submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world

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[–] SCB@lemmy.world -1 points 2 years ago* (1 child)

In California, a new mortgage payment is 8-15k/month. Rent on an apartment is 3-4k/month

Buddy of mine lives in LA and was just posting angry complaints about his rent going up to 1800/mo, so no.

I've got three friends in the LA area and one in the Bay and none of them pay anything close to 3k/mo rent or 8k(!!!!!) on their mortgages.

Those numbers are insane.

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[–] phoneymouse@lemmy.world 5 points 2 years ago

LA is cheap compared to the Bay Area. Also, I’m quoting numbers for new mortgages and new rentals. If you got your mortgage even 3 years ago, the numbers will be different.

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