One-Third of Americans Making $250k Live Paycheck-to-Paycheck

Re:One-Third of Americans Making $250k Live Paycheck-to-Payc... by shmatt on Wednesday June 01, 2022 @11:04AM (#31582865)

* If you're poor you deal with the terrible commute as non-negotiable. You might also live in a cheaper illegal basement apartment, put your child in a cheaper illegal daycare, etc. A richer family can avoid the risks and pay more. But some poorer families have to take on the risk or be homeless

* There are more subsidies for the poor. It sounds funny to type, but the $250k families might have a harder time to make ends meet than the $60k ones. Childcare being a big example. This is specific to a HCOL city like NYC where subsidized child care starts at 6 weeks old, but a $250k family will probably be spending $3k+ per child per month

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Re:One-Third of Americans Making $250k Live Paycheck-to-Payc... by emodendroket on Wednesday June 01, 2022 @12:37PM (#31584436)

> * There are more subsidies for the poor. It sounds funny to type, but the $250k families might have a harder time to make ends meet than the $60k ones. Childcare being a big example. This is specific to a HCOL city like NYC where subsidized child care starts at 6 weeks old, but a $250k family will probably be spending $3k+ per child per month

Yeah it sounds funny to type because it's not true

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Re:One-Third of Americans Making $250k Live Paycheck-to-Payc... by throw123123123 on Wednesday June 01, 2022 @07:57PM (#31589662)

Probably not true nominally but proportionally 250k is very far away from being 4x 60k.

I make 235k in the bay area and just rent + daycare for 2 kids would be 10k a month - on a net income of 12k a month.

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