Must not be that bad I have a friend with three kids and a mortgage and she still manages making 14-15 hr she also works for the government.(she pays reduced child care)
She has to be getting some help in some form. Family, friends, govt asst, child support. $15 an hour is only $1500 a month after taxes, maybe 1600-1700 if she properly reports her kids on her taxes. If her rent is $600, she still has to spend money on food, clothing, electricity, transportation, and likely child care for her kids.
15 dollars an hour is enough to live off of and still have some $$$ after you've paid your bills (unless you live in LA or NYC)
that's what I was making 10 years ago when i first entered corporate america; I did just fine. better than most actually.
I wasn't
BALLING though. I was driving a semi-nice paid off car, and I had an apartment.
the problem is everybody wants to live above their means; gotta have the latest clothes, cars, and shoes, rims for the whip, a sound system etc etc..
grow up first and you'll realize 15 dollars an hour is just fine.
$15 an hour is not that much money, it is NOT enough for a single person to live off of.
I live in the south, my rent isn't two of those checks. I also live pretty close to downtown, if I moved further out and downgraded I could pay even less.
You could make it off $15 in Houston, you won't throwing money in the air but it could work. Still, under $15 an hour is a red flag.
IDK why people think living check to check is ideal. Let me break this down for ya'll using my salary.
I make $14.36 per hour, and I am full time. I don't work 40 hours a week, mostly between 35-38 hours a week. Let's just say that I did. I am single, no kids. I live in New Orleans.
My take home pay is $1660 if I work 40 hours a week each week for a month. Rent here for a 1 bed room is $750.
Rent: $750, which leaves me with $910. That's necessity #1. I have to have electricity, which I currently pay $150 a month for, let's halve that and say $75. So now I have $835, half my money left. Necessity #2.
Necessity #3 and 4 are car insurance and gas for my car, which costs me $200 a month. I don't have a car note, and car insurance is high here. Now i'm at $635.
I have to eat, let's say I NEVER eat out and always cook and bring lunch to work, even though I work a lot of nights. Let's says that's $100. I'm at $535. Those are the bare necessities that are needed.
When you add in things like rising food costs, rising rent costs, rising car insurance costs, and the fact that sometimes i can be reduced down to 32 hours per week, then what do I do?
Finally, what about saving (which is what good people do, if they can)? Emergencies? What about the luxuries that we consider necessities today?
Cell phones
Cable
Internet
Expensive food items and clothes?
Expensive electronics?
And people try to use the "dont need it argument". Which is true, but how many people have a recent galaxy or iphone (within the last 2 years or so)? Almost everyone in here.