Yikes: 50% of Americans say they live paycheck to paycheck. 31% of ppl that make 100K live the same.

[Rell Lauren]

How y'all making 100K and still complaining???

It's easy. In a metropolitan area, you're paying more housing. You're forfeiting about 30% minimum of your yearly pay towards overhead. That's just rent. We haven't touched on monthly liabilities. You just have to figure it out, but paycheck to paycheck is largely driven by housing. We are on the verge of another housing crisis as the prices reach every corner of the States.

 

[Gunz&Butta]

All depends on what type of life you want for your wife and children

A very good life. I didn't cross the Atlantic to come to America just to have a crappy life.

Nobody in here can actually list their expenses to show why 100k isnt enough for one person or why a household income of 130k can't ensure quality living for a wife and 3 kids.

 

[Rell84shots]

Not surprised. 100k ain’t shyt

100k should bestatus, but the grocery store and gas is wiping people out. I spent close to $120 the other day just buying the basics.

 

[Family Man]

Living pay check to pay check has to be stressful. No one deserves that shyt…. There should be more in place to help those that do.

some people do.

 

[Rawtid]

There's nothing wrong with wanting more money but that's not the point of this article they saying 100K which is way more than most people make is not enough

Depends on what you want out of life and your long term financial goals. When there is only one income supporting these goals, $100k won’t be enough ever.

 

[Rawtid]

A very good life. I didn't cross the Atlantic to come to America just to have a crappy life.

Nobody in here can actually list their expenses to show why 100k isnt enough for one person or why a household income of 130k can't ensure quality living for a wife and 3 kids.

What if you want to save/invest 60% of your net income and live on the other 40% with no significant change in lifestyle?

 

[Kiyoshi-Dono]

A very good life. I didn't cross the Atlantic to come to America just to have a crappy life.

Nobody in here can actually list their expenses to show why 100k isnt enough for one person or why a household income of 130k can't ensure quality living for a wife and 3 kids.

Home Insurance(especially if you live in flood prone areas)
Health insurance (depending on if your insurance is low or high deductible)
That is a factor in just being seen by a doctor
Dental Plans(most of these plans come separate from medical)
Two cars with full coverage insurance
Car repairs
Weekly gas bills
Weekly grocery bills
House maintenance
Savings, Thrifts, 401k and other investments
Electric Bill
Family Plans for cell phones
Emergency funds
Childcare alone if they are little ones can fukk your budget up with the quickness
If you have 3 children, each will undoubtedly want to participate in after school programs
That shyt is not cheap
Basketball gear and coaches
Baseball gear and coaches
Music programs(that’s if you want to borrow from the school or just pay out of pocket for the instrument)
Academic programs/prep tutors
Private vs Public
College savings(pell grants and full rides come with heavy stipulations vs when I went to college)
Taking vacations(Disney about to kill my pockets this summer
So yes you will be spread thin on finances when you add all this up
Even at 130k but I know you will find a flaw in this because that’s what thecoli does
Especially when COL’s are different everywhere and they aren’t rising at the rate inflation is
shyt most of y’all ain’t even married or have kids
And the ones that are want their children to get it out the mud like they did
Thecoli is a magical place for dumb-smart nikkas to reside

 

[Gunz&Butta]

What if you want to save/invest 60% of your net income and live on the other 40% with no significant change in lifestyle?

There's nothing that dictates I have to save 60% of my net income to live a quality life. That's more of a want, not a need.
What if I want to buy 5 properties before the age of 40? All these things are cool, but no one is living in poverty without them.

 

[beenz]

This is no surprise cuz there are so many people looking too keep up with the Joneses and constantly stunt and fake it.

 

[Nikki_04]

Not surprised.

This is very location dependent, but $100k hasn't been much since 2015, maybe even a little earlier.

 

[Gunz&Butta]

Home Insurance(especially if you live in flood prone areas)
Health insurance (depending on if your insurance is low or high deductible)
That is a factor in just being seen by a doctor
Dental Plans(most of these plans come separate from medical)
Two cars with full coverage insurance
Car repairs
Weekly gas bills
Weekly grocery bills
House maintenance
Savings, Thrifts, 401k and other investments
Electric Bill
Family Plans for cell phones
Emergency funds
Childcare alone if they are little ones can fukk your budget up with the quickness
If you have 3 children, each will undoubtedly want to participate in after school programs
That shyt is not cheap
Basketball gear and coaches
Baseball gear and coaches
Music programs(that’s if you want to borrow from the school or just pay out of pocket for the instrument)
Academic programs/prep tutors
Private vs Public
College savings(pell grants and full rides come with heavy stipulations vs when I went to college)
Taking vacations(Disney about to kill my pockets this summer
So yes you will be spread thin on finances when you add all this up
Even at 130k but I know you will find a flaw in this because that’s what thecoli does
Especially when COL’s are different everywhere and they aren’t rising at the rate inflation is
shyt most of y’all ain’t even married or have kids
And the ones that are want their children to get it out the mud like they did
Thecoli is a magical place for dumb-smart nikkas to reside

Alright I admit, I'm tripping on the whole 130k and 3 kids thing.

But people really get on the internet talking about oh 100k aint enough for me. Really? That's just crazy to me. I'm a single man making more than 100k but im not gonna jump out the window if my pay gets cut to 80k right now. I live way below my means, and that's the key to peace of mind and not getting caught up in the rat race.

 

[Gunz&Butta]

Im going to post my expenses on this thread. As far as im concerned, im living good and I don't spend a 100k to do it.

 

[ORDER_66]

Depends on what you want out of life and your long term financial goals. When there is only one income supporting these goals, $100k won’t be enough ever.

I agree but muthafukkas really living beyond their means of course it adds up...

 

[ORDER_66]

It's easy. In a metropolitan area, you're paying more housing. You're forfeiting about 30% minimum of your yearly pay towards overhead. That's just rent. We haven't touched on monthly liabilities. You just have to figure it out, but paycheck to paycheck is largely driven by housing. We are on the verge of another housing crisis as the prices reach every corner of the States.

Gotta learn to cut corners on what you buying to survive... when you poor barely surviving you get good at this, some peop making that 100k really blowing it on stupid shyt...

 

[Serious]

The average person has horrible money management skills

I know people making $40k with a 40k luxury car bytching about car payments, gas and rent.