US Economy

[tay1]

I do too. It's certainly doable but you're probably living with a bunch of other people with no real prospect of saving for a house or retirement.

Not being able to save for a house or retirement is more true than living with a bunch of other people

 

[HankHill]

60k is doable in those cities. The lifestyle you want to live may not line up with that, but you won’t be scraping by to survive.

 

[waitwut]

i make a little less than that in LA and im doing pretty fine out here

 

[hennessy]

Full on Hemp/Cannabis legalization (which will happen) could really ignite the job market.

I’m setting up my own businesses all over the NE and investing heavily into cannabis stocks as well. Can’t wait until 5 years from now

 

[Chopper]

Full on Hemp/Cannabis legalization (which will happen) could really ignite the job market.

I’m setting up my own businesses all over the NE and investing heavily into cannabis stocks as well. Can’t wait until 5 years from now

Check your PMs hennessy

I agree on mary jane stocks. I've got positions in CGC and TGODF.

 

[americangenius]

No way 60k is poverty

In NYC

i make a little less than that in LA and im doing pretty fine out here

Do you live alone?

In NYC you're hard pressed to find a place for less than $1500 without roommates within the 5 boroughs(even in terrible neighborhoods). That would be two weeks of pay for someone in that range, before accounting for food, transportation, and health insurance. I'm sure LA is the same unless you're way out or the valley, which I don't consider LA.

 

[osh kosh bosh]

It's almost like low interest rates and fiscal stimulus are good.

 

[tay1]

In NYC

Do you live alone?

In NYC you're hard pressed to find a place for less than $1500 without roommates within the 5 boroughs(even in terrible neighborhoods). That would be two weeks of pay for someone in that range, before accounting for food, transportation, and health insurance. I'm sure LA is the same unless you're way out or the valley, which I don't consider LA.

It's around the same price in LA. You can be comfortable on 60k out here.

 

[osh kosh bosh]

In the future we no longer have to pretend to believe republicans complaints about a debt crisis right?

 

[americangenius]

It's around the same price in LA. You can be comfortable on 60k out here.

How is that comfortable
I think your definition of comfortable is living check to check. Most people in LA drive between insurance gas and car note there's no way you're comfortable at that price without roommates.

 

[osh kosh bosh]

But when the blast of war blows in our ears,
Then imitate the action of the tiger;

please.

 

[tay1]

How is that comfortable
I think your definition of comfortable is living check to check. Most people in LA drive between insurance gas and car note there's no way you're comfortable at that price without roommates.

Iight.

 

[Brownstone]

60k is well above median household income, of course that money stretches more in rural areas but 60k is good money regardless of location.

 

[tay1]

60k is well above median household income, of course that money stretches more in rural areas but 60k is good money regardless of location.

I don't see how this isn't understood. 60k isn't chump change and the majority of folks aren't even making that . 60k will have you right in LA.

 

[americangenius]

NYC/LA
60K
Take home monthly- around 3300(NY, CA)
Rent- 1500(likely higher)
Utilities(electric, internet)- $150
Food- 500
Gas- 200
Car Insurance- $200
Car note(cheap lease) $200
Health Insurance- $350 (national individual average)

You got $200 left every month at best for anything else. God forbid you go out or buy an outfit.
I'd like to see someone prove otherwise.

 

[Brownstone]

being a "high 5" or 6 figure stiff" is very doable thou.

Lmao..... bruh you like 40. little easier to pull in high 5 figures with 20 years work experience......also considering you get paid more in Ny for the same job elsewhere

 

[Brownstone]

NYC/LA
60K
Take home monthly- around 3300(NY, CA)
Rent- 1500(likely higher)
Utilities(electric, internet)- $150
Food- 500
Gas- 200
Car Insurance- $200
Car note(cheap lease) $200
Health Insurance- $350 (national individual average)

You got $200 left every month at best for anything else. God forbid you go out or buy an outfit.
I'd like to see someone prove otherwise.

1.... nobody has a car note in Ny add 600 to disposable
2......Gross is 5 k a month take home varies depending on your situation but take home closer ton 4 k....
3.....employers pay for health care now thanks Barry O! (not taxed as income either)

 

[americangenius]

1.... nobody has a car note in Ny add 600 to disposable
2......Gross is 5 k a month take home varies depending on your situation but take home closer ton 4 k....
3.....employers pay for health care now thanks Barry O! (not taxed as income either)

1. This was for those in LA, which requires a car. Do you walk to work? If not add $400 for LIRR or $200 for a monthly metro for NYC.

2. CA and NY have high state income tax, which brings take home to the 3300 range last I checked.

3. Employers are only required to pay half, which varies. That's also on the chopping block with this administration.

 

[getback]

3.....employers pay for health care now thanks Barry O! (not taxed as income either)

This isn't true.

 

[boris]

NYC/LA
60K
Take home monthly- around 3300(NY, CA)
Rent- 1500(likely higher)
Utilities(electric, internet)- $150
Food- 500
Gas- 200
Car Insurance- $200
Car note(cheap lease) $200
Health Insurance- $350 (national individual average)

You got $200 left every month at best for anything else. God forbid you go out or buy an outfit.
I'd like to see someone prove otherwise.

You better be making some investments on the side (at least 401k) if you have any hope of ever retiring, too.

 

[tay1]

You better be making some investments on the side (at least 401k) if you have any hope of ever retiring, too.

Now that's something most people don't do

 

[getback]

There’s a good chance that if you’ve lived in Boston for years, you’ve shared a place with a couple of roommates. It’s not by choice, of course—roommates are practically a financial necessity in Boston. Unless you earn $78,477 per year, that is.

According to a new study from apartment search engine Nestpick, that’s the minimum annual salary needed to have your own apartment in Boston. Indeed, just $6,540 per month will allow you to put 29 percent of your income toward rent for a one-bedroom apartment. (It’s widely accepted that living costs should not exceed a quarter of your income. In this study, Berlin-based Nestpick based their calculations on 29 percent, sourced from a UK housing study.)

That means Bostonians earning the median U.S. salary, which amounts to $3,679 per month, would have to pay 51 percent of their income to live without roommates.

Out of the 14 U.S. cities examined, Boston ranked as the third most-expensive city for single-capacity apartments. San Francisco came out on top with a required annual salary of $97,635, while New York clocked in second at $82,214.

 

[americangenius]

You better be making some investments on the side (at least 401k) if you have any hope of ever retiring, too.

You can't even afford a gym membership, let alone saving. Yet, people here are saying that's comfortable

 

[tay1]

60k is decent money out here. I live out here. I see people living good on less. They're not wealthy and just lounging. They have to work of course but they are doing fine. People are gonna live paycheck to paycheck. It is what it is. You will be ok with 60k, you just have to know where to look and how to navigate.

 

[rexanglorum]

For about 80% of the people, this economy is comparable to being swiftly struck by a booted foot on and in between the buttocks over and over.