Comment on Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says.

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halcyoncmdr@lemmy.world ⁨3⁩ ⁨months⁩ ago

You assume that people have a choice. Wages are so low compared to the cost of living in most of this country that unless you’re making six figures, you aren’t going to have much extra without sacrificing what used to just be normal a couple decades ago.

Johnny Harris recently released a video going through several income levels, starting at a $25k job up to $25 million and how that would breakdown for monthly costs with department of labor data for food and housing.

youtu.be/NfMdvee5HoY?si=giQ8pStyu29cwXst

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