Re:Inflation Bites U.S. Engineering Salaries
by astrange on Wednesday September 27, 2023 @07:56PM
(#37683257)
I think you should look at how much over the median household income you are and then go find out what those people are doing.
Re:Inflation Bites U.S. Engineering Salaries
by mberning on Wednesday September 27, 2023 @08:15PM
(#37683453)
The evidence would suggest that people making a median income are up to their eyeballs in debt, particularly credit card debt, and have very little hope of their situation improving in the future.
Re:Inflation Bites U.S. Engineering Salaries
by astrange on Wednesday September 27, 2023 @08:37PM
(#37683641)
I don't believe it does show that in 2023. Do you have a source that's better than a Bankrate survey? (FRED charts are the most reliable.)
Things like this are "okay":
https://www.stlouisfed.org/institute-for-economic-equity/the...
And of course, the poorest people in the country are non-workers (the elderly and children) who are probably not in debt, but have other problems. Should bring back the CTC and fix child poverty again.
This was not our situation even 3 years ago. 3 years ago we felt financially very secure, like the future was rosy, we could save money, and look forward to children. Even now, like you, we don't have trouble getting by, but, we aren't maxing anything out. We watch what we're spending and we feel like we're just about sliding by with how crazy childcare is.
Things aren't going well at all.