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Dont get it twisted.
(lemmy.ml)
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this post was submitted on 22 Jan 2024
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you're also not the working poor if you live paycheck to paycheck and make 150k/year. you just fucking aren't, it's your own fault you're not saving money at that point
This is the problem with consumerism. Most American households do live with very little savings. Even people with really high income do this. It's culturally normal and encouraged with all the advertising to buy more stuff.
A doctor earning over $300,000 a year in the Midwest should but under any circumstances be considered the working poor simply because they don't have any savings.
HCOL
My dad made around this amount in SF Bay Area and we made do, including a big mortgage payment, car payments, etc.
150K is a lot of money
In 2024?
He made 130K a some years ago, which is only a bit over 150K in 2024 money
Uh huh..
Just because you had to live in a neighborhood with $5000/month rent doesn't mean you're poor just because you piss your money away. A doctor with no money leftover every month isn't poor, he's just retarded.
That’s the thing about HCOL areas, they generally don’t pay well, either.