The Majority Of Americans Live Paycheck To Paycheck

[Mensch Fontana]

im outchea livin cert to cert

 

[JLova]

I hate how this thread turn into a pissing contest about how this "imaginary person" spends money on bullshyt.

When all the statistic point to cost of living rising while wages stay stagnant.

But keep with the humble bragging and bytching about people spending their money on what you consider bullshyt.

Have to agree here. There are a lot of costs..... and prices of goods and services have grown at a faster rate than salaries have. If you live in a major city with a high cost of living and aren't leaching from the government, things are tight for the average person. Hell, they're tight for people that actually make good money.

So...we work a shyt load more than we used to....and have more debt. This is the North American way.

 

[JLova]

You are right to a certain degree, but there are still things we can do to mitigate the damage. iPhones, iPads, premium cable, designer clothes and sneakers, can all be given up, and our quality of life will not suffer one bit.

There are mad folk who don't have any of this shyt and still suffer. The problem is the $ value of living within your means has gone up and continues to go up. Bus passes, gas, taxes, food, etc....are all going UP. These are all necessities for the most part. So, there's only so much "skimping" you can do. Nikkaz are unemployed or are making low wages....but the cost of things continue to rise at a quicker pace.

And the more you make and the more you own, you pay MORE. Government wants a piece of that dough. It hurts, brehs....that capital gains tax

 

[kermit da hustla]

You are right to a certain degree, but there are still things we can do to mitigate the damage. iPhones, iPads, premium cable, designer clothes and sneakers, can all be given up, and our quality of life will not suffer one bit.

we're too insecure to give those things up. who wants to be seen in these streets with a flip phone, some dusty lugz, and a wardrobe taken off the racks at tj max?

 

[A.J.Soprano]

capitalism ain't workin brehs

this is why murders and robberies will continue to happen


I'd just wish black people would start robbing white people more often and stop robbing blacks who are equally as poor as them


u supposed to care for ur brother man




but it's okay to take from the other man

 

[Ninjaz In Paris]

Thread Title should've said "...except Coli posters."

*Hops in Benz*

*Goes home to $250,000 Luxury Condo*

*fukks Dime-Piece Girl*

*Goes To Sleep To Wake Up To $100,000 IT Job*

 

[MikelArteta]

Wouldn't that be retired people then?

I think the general consensus is that paycheck-to-paycheck means if you get fired, you've got about two weeks before

actually if i were to lose my job id get 24 weeks of severance in a lump sump

then ei after those 24 weeks :playoffs:

 

[MikelArteta]

There are mad folk who don't have any of this shyt and still suffer. The problem is the $ value of living within your means has gone up and continues to go up. Bus passes, gas, taxes, food, etc....are all going UP. These are all necessities for the most part. So, there's only so much "skimping" you can do. Nikkaz are unemployed or are making low wages....but the cost of things continue to rise at a quicker pace.

And the more you make and the more you own, you pay MORE. Government wants a piece of that dough. It hurts, brehs....that capital gains tax

when i finally got that raise a few years ago i was like only to find out i was in a diff tax bracket and im actually making less than i was before.

you live in the gta like me, you know how exspensive gas is up here, groceries, rent even in a ghetto azz place you can pay like 900 bucks a month if you dont get a subsidy with some 10 year wait. Car insurance is the highest in north america in the gta, property taxes skyrocketing, government taking like 35-40% of your salary

even taking the bus is 3 bucks each wa cash and like 125 a month for a metropass

i remember last year i got a raise for 1,000 bucks
worked out to like 38 bucks extra before taxes on every paycheck, then suddenly our work decided to make us pay for parking which was free before 15 bucks a month

you cant win:crack:

 

[JLova]

when i finally got that raise a few years ago i was like only to find out i was in a diff tax bracket and im actually making less than i was before.

you live in the gta like me, you know how exspensive gas is up here, groceries, rent even in a ghetto azz place you can pay like 900 bucks a month if you dont get a subsidy with some 10 year wait. Car insurance is the highest in north america in the gta, property taxes skyrocketing, government taking like 35-40% of your salary

even taking the bus is 3 bucks each wa cash and like 125 a month for a metropass

i remember last year i got a raise for 1,000 bucks
worked out to like 38 bucks extra before taxes on every paycheck, then suddenly our work decided to make us pay for parking which was free before 15 bucks a month

you cant win:crack:

double land transfer tax.

So, everything goes up, meanwhile some folk aren't even getting raises. I think the average salary is $38K here. Yet the average condo price is >$300K and the average house price is >$500K. Rents are HIGH. So how do you live within your means without over extending yourself? Easier said than done.

If the language wasn't so fukked, I'd go to Montreal. Yea, the taxes are high, but the cost of living is much lower than here.

 

[R.E.N. Spells Ren]

when i finally got that raise a few years ago i was like only to find out i was in a diff tax bracket and im actually making less than i was before.

Canada must have a different definition of tax brackets cuz this makes no sense.

 

[nineteeneightysix]

I only make ~$50000/year, but because I am single and childless, it feels like I am making $100000/year...

Plus I don't give a sh_t about fancy clothes or cars...

I spend most of my money on high quality food and building my home recording studio...

Being an introverted assh_le with very little time for anybody but the self, certainly has it's financial advantages...

 

[Mr swag]

I don't live paycheck to paycheck

Got 13,000+ in savings and all student loans paid off and I'm 27


LIVE AT HOME BRUHS

 

[MikelArteta]

double land transfer tax.

So, everything goes up, meanwhile some folk aren't even getting raises. I think the average salary is $38K here. Yet the average condo price is >$300K and the average house price is >$500K. Rents are HIGH. So how do you live within your means without over extending yourself? Easier said than done.

If the language wasn't so fukked, I'd go to Montreal. Yea, the taxes are high, but the cost of living is much lower than here.

I've been seeing stuff like daycare 5 dollars a day, car insurance like 500 for the year and stuff.

And its hard living here in Toronto if it wasn't for my living accommodations id be out of Here.

People at my work who work from home live in Ottawa etc.

I remember the first house my parents bought they paid like 75k lol, and that was just 22 years ago.

Even making 50k is nothing, after taxes your at like 40k, after CPP your at 38k after ei your at like 37k

Renting your looking at like 1,200 a month

Leaving you with 23k, have a car paid off insurance like 250 a month that's 20k, groceries like 100 a week down to 16k. Gas another 2k at 14k

Cell phone, internet another 1000 that's 15k

And I left our stuff like clothing, entertainment, if your on medication and don't have a health plan, if you have a child, child support or daycare my sister and her husband are paying 40 a day for daycare

Sent from royalty using Tapatalk 4 beta

 

[MikelArteta]

Canada must have a different definition of tax brackets cuz this makes no sense.

15 percent on first 43,561
22 percent on 43,561 to 87 ,123
26 percent on 87,123 to 135,054
29 percent over 135,054

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[Mr swag]

15 percent on first 43,561
22 percent on 43,561 to 87 ,123
26 percent on 87,123 to 135,054
29 percent over 135,054

Sent from royalty using Tapatalk 4 beta

Tax here is 25.5