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A comment on The wealthiest 10% of Americans own a record 89% of all U.S. stocks. Parent comment

Re:The wealthiest 10% of Americans own a record 89% of all U... by 999900000999 on Monday October 18, 2021 @12:02PM (#28906964)
129k a year is not a lot of money.

Say you live in NYC, you have a stay at home partner and 2 kids.

Your living paycheck to paycheck.

I'd consider anything less than 200k for a family to be working class. As in your unlikely to be able to survive for extended periods of time without working.

If your monthly expenses are 9k, even your take home is 11k your in for a ride if you lose your job.

Unemployment has a miserably low max benefit.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by emerged on Monday October 18, 2021 @12:16PM (#28907161)
Similarly, if you make only $2M/yr and live in a golden penthouse in downtown Manhattan, you’re barely scraping by. Why doesn’t anyone think of these poor souls?
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Re:The wealthiest 10% of Americans own a record 89% of all U... by nly on Monday October 18, 2021 @01:10PM (#28907864)
His comment seems fair. This random website[0] says the average US living cost for a family of 4 is about $55K/yr.

I don't know what $130K after taxes is, but if I take a wild guess and say $85K, that leaves around $30K for savings and investments.

Single income living isn't easy in western society.

[0] https://www.expatistan.com/cost-of-living/country/united-sta...

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Re:The wealthiest 10% of Americans own a record 89% of all U... by 999900000999 on Monday October 18, 2021 @02:00PM (#28908653)
If your job requires you to be in New York I'm not clear what else you can do.

Income doesn't scale well in America. If anything taxes are way too high on middle class people. No one making less than a million a year should pay over 30% in taxes.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by emerged on Friday October 22, 2021 @11:48PM (#28965521)
I keep telling people that my job requires this diamond throne and handsome set of fine watches, but they refuse to give me a raise.
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