this post was submitted on 01 Dec 2023
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This honestly seems low for the way things are, I suspect it will increase in the next couple years as real estate and rental prices catch up to people who have been less effected so far
Statistics are probably not up to date
Good point
Yeah this is so wrong. I read stats claiming only the top 30% make $70k annually or more. That’s basically $4k a month take home. Given rent and bills, that actually likely leaves people with like $1,500 for food and other. Given the cost of food, I can’t see anyone eating on a budget of $200 a month. Even eating moderately costs about $400-500 and you’re likely making most of your meals from scratch.
And that’s the top 30%. What are the other 70% living like? Because I buy a dozen eggs, some milk, a loaf of bread and I’m down like $20.
I think you are looking at individual income where household is more appropriate. The median after tax household income is 68k. So that's still 50% doing worse, but it's a little better than you make out.
Sorry how is 68k annually per household better than 70k per person? Your figures make the situations worse.
70k per household is the top 50% of renters not the top 30 like you say.
Yes but out of a household of 4, you’d theoretically have two people earning $70k annually if per person right? So your stats half the household incomes but only drop the population by 15% give or take. Thats far more bleak.