Comment on Top economist on the economy’s dirty truth: The only people who feel good are ‘making over $200,000’ and ‘have large stock portfolios’

HeyJoe@lemmy.world ⁨4⁩ ⁨days⁩ ago

• Truscape@lemmy.blahaj.zone ⁨4⁩ ⁨days⁩ ago

  Depends on if that money is assets or income. Also depends if you have any outstanding debts.

  source

  • AlecSadler@lemmy.blahaj.zone ⁨3⁩ ⁨days⁩ ago

    Yeah, I make well over $200k but between general COL, family medical things, a lot of past debts, and zero investments - I’m basically check to check right now.

    source

    • Iceblade02@lemmy.world ⁨3⁩ ⁨days⁩ ago

      If you’re living paycheck to paycheck on a $200k household income, it sounds like you might want to rethink your budget.

      source

      • Truscape@lemmy.blahaj.zone ⁨3⁩ ⁨days⁩ ago

        If they live in the US, medical debt and/or student loans will eat away at anything they’d try to set aside swiftly.

        source

        • -> View More Comments
      • AlecSadler@lemmy.blahaj.zone ⁨3⁩ ⁨days⁩ ago

        Long story short I had to liquidate my retirement and go another half a mil into debt. Is what it is. Life happens.

        source
    • iopq@lemmy.world ⁨3⁩ ⁨days⁩ ago

      Yeah, that’s rough for you now, but once you pay those things off you’re going to be well off

      My friend has a family of 6 in SF bay area (one kid in college) and he spends ~120K per year. That’s not abnormal when he has nothing to pay off anymore.

      source

      • AlecSadler@lemmy.blahaj.zone ⁨3⁩ ⁨days⁩ ago

        That’s the goal! Unfortunately it’s quite a few years off even if I can keep it up. I’d argue maybe by the time I’m 45-50 and I still have retirement to rebuild.

        source
• MadMadBunny@lemmy.ca ⁨3⁩ ⁨days⁩ ago

  Per person

  source

  • iopq@lemmy.world ⁨3⁩ ⁨days⁩ ago

    Those poor dual income no kids families who only make $190K each

    source