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Author Topic: This budget shows how a $350,000 salary barely qualifies as middle class  (Read 742 times)

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Online Wingnut

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This budget shows how a $350,000 salary barely qualifies as middle class
« on: September 12, 2019, 09:05:35 pm »
 *****rollingeyes***** *****rollingeyes*****

Most Americans would probably have a hard time wrapping their heads around a $350,000 salary. In fact, government data cited by Sam Dogen of the Financial Samurai blog shows that some 95% of U.S. households don’t pull in that much. The median household income in the U.S. is $57,782, with places like San Francisco and New York City showing medians income for a family at $96,265 and $79,781, respectively, according to the U.S. Census Bureau.

The thing is, that kind of income, while relatively huge, is barely enough, according to Dogen, for a family to lead a comfortable life in coastal counties — where almost half of the nation’s population calls home.

https://www.marketwatch.com/story/this-budget-shows-how-a-350000-salary-barely-qualifies-as-middle-class-2019-09-11
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Offline IsailedawayfromFR

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Re: This budget shows how a $350,000 salary barely qualifies as middle class
« Reply #1 on: September 13, 2019, 12:55:46 pm »
One word:  Move
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Offline Hoodat

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Re: This budget shows how a $350,000 salary barely qualifies as middle class
« Reply #2 on: September 13, 2019, 06:07:59 pm »
Sell your $1.8 million house.  At 5%, that will give you an extra $19,000/mo every month for the next ten years.
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