In other news, water is wet. For the bottom 50 (less than the median income, which is $76k/year), post tax income would be less than 4.5-6k/month depending on where you live. Median rent in the country is 2k and median cost of ownership was also near that number. If you include cost of vehicle ownership, health insurance, childcare etc., it really shouldn’t be surprising that people spend more than they bring in.
(Keep in mind, the 76k is the absolute top income for the bottom half households.)
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In other news, water is wet. For the bottom 50 (less than the median income, which is $76k/year), post tax income would be less than 4.5-6k/month depending on where you live. Median rent in the country is 2k and median cost of ownership was also near that number. If you include cost of vehicle ownership, health insurance, childcare etc., it really shouldn’t be surprising that people spend more than they bring in.
(Keep in mind, the 76k is the absolute top income for the bottom half households.)