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

[No1]

I never said 400k, I said 100k

Nah, you said something about coming from a 400k household in California years ago. That’s literally the only reason we all said you were out of touch. 100k isn’t middle class but like someone said “lifestyle” creep. You get to that and start doing things you couldn’t and see them as necessities and then all of a sudden you don’t have as much disposable income. It’s not even necessarily living beyond your means. You send your kids to private school and then all of a sudden it’s a different ball game. Or something like childcare instead of leaving them with family. It all comes into effect.

 

[Tribal Outkast]

People who make over 100k and don't know how to manage their finances deserve the stress

I have to agree. People need to stop leveling up after they get a pay raise. I and a bunch of people I know will make that 100k work lol. If you made it work with 35k or less, 100k shouldn’t be a problem at all!

 

[Leao2005]

Not exactly. You have studios and 1bdrm apartments in major cities going for 2500 / month.

2500x12 = 30,000. That's nearly half someone's income 100k income, after taxes.

Not mention the bid for houses is insane. People are overbidding in cash, by 70k+ for a house. That's people with money.

If people are living check to check, imagine someone with "money" having to overbid on a house by 70k

Have to get roommates

 

[Human Torch]

Yea I remember before I started making 6 figures, I thought that was the goal.



Shiiiit household income right around 300k a year and we still want more. The tri state area is a different kind of beast.

Same. Except I’m in the dmv.

 

[O³ (O cubed)]

Does that means 69% of people who earn $100k or more are OK?

 

[Red11]

Simple Mobile has a $40 plan. My FPL electric bill for the past two months have hovered around $33 and it's mostly due to TV and fridge, will most likely increase from now on due to the AC use. Gas and water is already included in the rent. I pay $35 for Xfinity internet.

I buy my own groceries and cook, but do ubereats twice a month. All this is in Miami FL.

Back in 2018, I bought a clean 2008 Honda Accord for $4000 at a car auction. There wasn't anything wrong with the car. I did the tune up, replaced the motor mounts and put new Firestone tires and some tints. Total repair cost about $1800. I put it all on my credit card and paid it off in less than a year.

Aaaaahhhhh...Check my thread out....you are talking about today. Not a family for 100k. We live about the same, apologies.

I can't survive on 15gb internet for simple mobile. 20 mbps internet speed ain't cutting it either. Also I eat out 6 meals a week. As cheap as I am...The internet is required, the cell phone is required.

 

[Tres Leches]

100k today is not the same as 100k 10 years ago or 5 years ago

 

[1thouwow]

That’s not inflation. That’s poor money management

 

[the bossman]

That’s not inflation. That’s poor money management

Does 100k today buy you the same type of house 100k bought you ten years ago

 

[1thouwow]

Does 100k today buy you the same type of house 100k bought you ten years ago

Doesn’t matter. 100k right now is still well off compared to the majority of the population. If you’re living check to check while making 100k, u have poor money management.

 

[beenz]

Got my mortgage under 3%

I refinanced back in july. I'm at 3% as well. that was a very prudent decision.

 

[2 Up 2 Down]

I bet if every adult was asked then that paycheck to paycheck percentage would be a lot higher

 

[beenz]

Interest rates going up, inflation on fire.

Best of luck.

raising interest rates is intended to curb inflation.

 

[beenz]

It would be crazy to go to the office for $45 vs $40 at home

basically he's saying his time/commute/gas/maintenance annually isn't worth the extra 10K in pay. can't say he's crazy tho.

 

[JLova]

raising interest rates is intended to curb inflation.

I know...that's the only reason why they're doing it, but I'm not sure how that's going to turn out because inflation is on fire and hiking rates alone isn't going to work IMO. It should take out some of the exuberant spending but we will still see highly elevated prices in a lot of sectors.