▲ 519 ▼ '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 264 comments fedilink hide all child comments
[+] elbarto777@lemmy.world 10 points 2 years ago* (last edited 6 months ago) (1 child) [deleted] permalink fedilink source parent hideshow 2 child comments replies: [–] JDubbleu@programming.dev -4 points 2 years ago (1 child) I live in the California bay area (not going to get more specific than that), and split rent of a townhouse 50/50 with my partner. I live in a stupid bougie area too, so I'm not doing myself any favors there pricewise. You cannot get a SFH here for under $2 mil, and our townhouse we rent is worth well over $1 mil. I could easily afford the whole place by myself, but that would be financially irresponsible. I was very fortunate to be taught at a young age that being able to afford something does not make it a good or okay use of money. If I weren't living with my partner, I'd get a one bed or studio apartment for ~$2200 a month, or an extra $6400 a year. Unless someone took on a mortgage way larger than they could actually afford (again, a financial literacy issue), or has an extremely expensive medical condition, I have 0 idea how anyone could be paycheck to paycheck on $150k a year and unable to massively cut back. The world is expensive, but it ain't THAT expensive. permalink fedilink source parent hideshow 2 child comments replies: [–] karakoram@lemmy.world 4 points 2 years ago* (1 child) To get a townhome in the bay at ~2k a month is a complete outlier with respect to rent. I live in a similar COL area and the cheapest you could rent that kind of space is for ~3.5k monthly in the present market. permalink fedilink source parent hideshow 2 child comments replies: [–] JDubbleu@programming.dev -1 points 2 years ago* (last edited 2 years ago) I didn't say I got a townhome for ~2k a month. The place I split with my partner is $3300 a month, and if I didn't live with them I'd get a smaller, much cheaper apartment. Edit: Alright everyone can go on believing you need a million dollars a year to scrape by in the bay area lmao. I'm done responding since everyone already has their minds made up about what it's like here, and somehow saying I could get a studio or one bed for $2200 is the same as a whole ass townhouse. I just hope more people can learn to be good with money, and we can stop this terrible capitalistic cycle of consumer over-spending and debt. permalink fedilink source parent
[–] JDubbleu@programming.dev -4 points 2 years ago (1 child) I live in the California bay area (not going to get more specific than that), and split rent of a townhouse 50/50 with my partner. I live in a stupid bougie area too, so I'm not doing myself any favors there pricewise. You cannot get a SFH here for under $2 mil, and our townhouse we rent is worth well over $1 mil. I could easily afford the whole place by myself, but that would be financially irresponsible. I was very fortunate to be taught at a young age that being able to afford something does not make it a good or okay use of money. If I weren't living with my partner, I'd get a one bed or studio apartment for ~$2200 a month, or an extra $6400 a year. Unless someone took on a mortgage way larger than they could actually afford (again, a financial literacy issue), or has an extremely expensive medical condition, I have 0 idea how anyone could be paycheck to paycheck on $150k a year and unable to massively cut back. The world is expensive, but it ain't THAT expensive. permalink fedilink source parent hideshow 2 child comments replies: [–] karakoram@lemmy.world 4 points 2 years ago* (1 child) To get a townhome in the bay at ~2k a month is a complete outlier with respect to rent. I live in a similar COL area and the cheapest you could rent that kind of space is for ~3.5k monthly in the present market. permalink fedilink source parent hideshow 2 child comments replies: [–] JDubbleu@programming.dev -1 points 2 years ago* (last edited 2 years ago) I didn't say I got a townhome for ~2k a month. The place I split with my partner is $3300 a month, and if I didn't live with them I'd get a smaller, much cheaper apartment. Edit: Alright everyone can go on believing you need a million dollars a year to scrape by in the bay area lmao. I'm done responding since everyone already has their minds made up about what it's like here, and somehow saying I could get a studio or one bed for $2200 is the same as a whole ass townhouse. I just hope more people can learn to be good with money, and we can stop this terrible capitalistic cycle of consumer over-spending and debt. permalink fedilink source parent
[–] karakoram@lemmy.world 4 points 2 years ago* (1 child) To get a townhome in the bay at ~2k a month is a complete outlier with respect to rent. I live in a similar COL area and the cheapest you could rent that kind of space is for ~3.5k monthly in the present market. permalink fedilink source parent hideshow 2 child comments replies: [–] JDubbleu@programming.dev -1 points 2 years ago* (last edited 2 years ago) I didn't say I got a townhome for ~2k a month. The place I split with my partner is $3300 a month, and if I didn't live with them I'd get a smaller, much cheaper apartment. Edit: Alright everyone can go on believing you need a million dollars a year to scrape by in the bay area lmao. I'm done responding since everyone already has their minds made up about what it's like here, and somehow saying I could get a studio or one bed for $2200 is the same as a whole ass townhouse. I just hope more people can learn to be good with money, and we can stop this terrible capitalistic cycle of consumer over-spending and debt. permalink fedilink source parent
[–] JDubbleu@programming.dev -1 points 2 years ago* (last edited 2 years ago) I didn't say I got a townhome for ~2k a month. The place I split with my partner is $3300 a month, and if I didn't live with them I'd get a smaller, much cheaper apartment. Edit: Alright everyone can go on believing you need a million dollars a year to scrape by in the bay area lmao. I'm done responding since everyone already has their minds made up about what it's like here, and somehow saying I could get a studio or one bed for $2200 is the same as a whole ass townhouse. I just hope more people can learn to be good with money, and we can stop this terrible capitalistic cycle of consumer over-spending and debt. permalink fedilink source parent