$15.00 an hour isn't a lot of money.

[Booker T Garvey]

Forbes:
63% Of Americans Don't Have Enough Savings To Cover A $500 Emergency



It's all good and though cause money.com said I'm middle class

this is an entirely different discussion though.

you're going from what people earn, to what they save

 

[MR. SNIFLES]

yes. it's lower middle class. AKA = entry level.

I SWEAR NOBODY IS EVEN READING WHAT I SAID.

 

[knickscity]

no fam. I haven't taken home a pay check that wasn't 4 digits since forever

I get what you're saying, but they don't deduct that much out at once from your pay checks.

nobody can live off of 500 dollar checks man, wtf?

even when I worked my other job making 9.25 an hour my checks were 700 or so dollars.

That wasn't 40 hours to get 700.

 

[Rarely-Wrong Liggins]

no fam. I haven't taken home a pay check that wasn't 4 digits since forever

I get what you're saying, but they don't deduct that much out at once from your pay checks.

nobody can live off of 500 dollar checks man, wtf?

even when I worked my other job making 9.25 an hour my checks were 700 or so dollars.

If you were getting a full 80 hours at that rate your pre tax amount would be $740. You were only getting $40 deducted in taxes? Were you filing exempt?

 

[MR. SNIFLES]

no fam. I haven't taken home a pay check that wasn't 4 digits since forever

I get what you're saying, but they don't deduct that much out at once from your pay checks.

nobody can live off of 500 dollar checks man, wtf?

even when I worked my other job making 9.25 an hour my checks were 700 or so dollars.

11 BUCKS SHOULD PUT YOU IN THE 350-380 RANGE IIRC. BEEN A MINUTE.

 

[AlwaysLurkin]

Where do you live?

Richmond VA in a nice area

Your bills equal $1500

14.24*80= 1140. After taxes/medical you net around $900 BW $1800ish monthly???

That doesn't leave any wiggle room for 401k or savings, or have extra money in your pocket. One flat tire or traffic ticket and that's it. Plus I also don't believe you're only paying $90 for both gas and the electric bill. And $675 is on the lowest of the lowest end of rent, pretty much a dump.

Have 5k in my 401k...you're forgetting I can do overtime,I have credit cards for emergencies,I have spending money but I rarely splurge.Ok after all my bills this month I had $600 in my checking.Thats plenty for me and my savings is pretty good too and my place is far from a dump.

 

[Dafunkdoc_Unlimited]

You've got to be kidding.....

I'm being generous with this, but a single person making $15 dollars after taxes would bring home roughly 540 a week, not including deduction for insurance or if they have 401k, which likely brings your check down to 500 a week.

$500/wk = $26,000/yr.​

Based on your example your 800 dollar rent takes nearly two checks to pay off, add your light gas and water and that definitely equals two full checks.

$800 INCLUDES gas/water. If it takes 2 checks to pay it, pay it and KIM, I still have 2 more checks to spend for the month.​

Car note and insurance ( assuming this is an older car & full coverage) + 20 bucks a week for gas, which isn't likely filling up your car each week. is 480, so you have 20 bucks left out of your third check.

I guess you forgot you get paid WEEKLY, so 2 checks go to rent, but, YOU STILL HAVE ANOTHER 2 CHECKS TOTALING $800 FOR THE MONTH!!!!! The point you're trying to make here is invalid.
​

Do you eat? I'd say that is probably 250-300 a month if you don't eat out ever.

Well, considering I have another 2 checks to spend for the month, that's not a problem now, is it?​

That's not including a phone bill, or cable.

ISP Triple play = $100./mo. I have about $300 left to spend EACH MONTH after rent, car + insurance and food and 2 more paychecks.
​

No way you bank 10K

$300 x 12 = $3,600/yr. No way you're poor. Thanks for proving my point.

​

 

[knickscity]

If you're counting overtime, then all bets are off. But I'm sure the discussion is 40 hours @ 15 an hour.

 

[Standing on business]

You stay shooting yourself in the foot.

He might not be aware that both home value and rent prices have drastically increased in 10 years

 

[CookisaCac]

what!?!?

He's not lying

It was a good estimate. I make $16.43 at one of my jobs. 40 hours brings me $504 a week after taxes, health/vision/dental care($34 a month)

 

[MR. SNIFLES]

If you're counting overtime, then all bets are off. But I'm sure the discussion is 40 hours @ 15 an hour.

KEEP IT AT 30K A YEAR. REGARDLESS OF HOW YOU GET IT.

 

[knickscity]

KEEP IT AT 30K A YEAR. REGARDLESS OF HOW YOU GET IT.

Nah, keep it at the topic of $15 an hour ft time 40 hours. Don't be obtuse.

 

[Alvin]

Yes

In 2017, 15 = 8

 

[Dafunkdoc_Unlimited]

How much you have to earn to be considered middle class in every state


@Dafunkdoc_Unlimited do you believe these numbers?

At least they broke the numbers down by family size, but those numbers are pretty decent averages. I'm more used to those living at or below the poverty level. it's only been in the past few years since I've gone into the private sector that I've encountered 'middle-class/upper middle-class' people and the numbers posted in that article actually coincide with what I've seen with my own eyes. Notice that all the numbers are ranges with a lot of room between the upper and lower bounds.
​

 

[knickscity]

He's not lying

It was a good estimate. I make $16.43 at one of my jobs. 40 hours brings me $504 a week after taxes, health/vision/dental care($34 a month)

I was using most southern locations since they usually don't pay state taxes. If they did those checks would be even less.

I really don't know if these folks really have jobs. A single person with no dependents get slapped hard in taxes. and health care aint no joke.