Re:The Rise of the Non-Working Class
by D13Fd on Tuesday November 22, 2022 @02:58PM
(#33710573)
You're comparing the average expenses to the median income, which isn't the right measure. You're also comparing average household expenses to individual income.
But let's assume you weren't. $1300 per week adds up to $5,633 per month. If you're comparing that to average monthly expenses of $5,253, that means the average household has $400 left over per month. That's a savings rate of around 7%, which is actually higher than the measured U.S. average of about 3%.
But let's assume you weren't. $1300 per week adds up to $5,633 per month. If you're comparing that to average monthly expenses of $5,253, that means the average household has $400 left over per month. That's a savings rate of around 7%, which is actually higher than the measured U.S. average of about 3%.