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Re:Online installment loans have taken the subprime market b... by dfcagency on Tuesday October 29, 2019 @12:54PM (#21389305)
This is victim blaming.

Do a little back of the napkin budget on $4,200/month (GENEROUS) take-home pay in say, Fremont, California.

You run out of money real, real quick.

Re:Online installment loans have taken the subprime market b... by twh270 on Tuesday October 29, 2019 @01:04PM (#21389438)
So, don't live in Fremont if you can't afford to live there. Or find a roommate(s), live with family.
Re:Online installment loans have taken the subprime market b... by dfcagency on Wednesday October 30, 2019 @05:05PM (#21402714)
This is a shitty, "got mine, fuck you" mentality that I really hope you re-examine.
Re:Online installment loans have taken the subprime market b... by mumblemumble on Tuesday October 29, 2019 @01:16PM (#21389589)
It is generous; I think that's about in line with median personal income in the US.

If a person can't make ends meet on that kind of money in Fremont, that probably says more about Fremont than it does about anything else.

Re:Online installment loans have taken the subprime market b... by greenshackle2 on Tuesday October 29, 2019 @02:17PM (#21390373)
"In line" is a bit of a stretch, the median gross personal income for full time workers in the US is slightly below 4000 per month.

EDIT: The median personal income for all workers (including part-time), is of course much lower, more like 2700.

But it doesn't make that much sense to compare the national median income with a high CoL area, where you also expect higher salaries.

https://en.wikipedia.org/wiki/Personal_income_in_the_United_...

Re:Online installment loans have taken the subprime market b... by pkaye on Tuesday October 29, 2019 @01:20PM (#21389648)
I live in Fremont, CA. I think if you live in a nice 1-br apartment, it might take half your budget. But if you take a bigger place and roommates, it should be doable.
Re:Online installment loans have taken the subprime market b... by dfcagency on Wednesday October 30, 2019 @05:06PM (#21402722)
First off, I'm sorry you live in Fremont. It's a cultural hellscape.

Secondly, you're right - it should actually take more than half of your take home pay.