Maybe. Depends on where you live. If you live somewhere relatively inexpensive it's not bad. However, I'd have to caution that this sounds like gross income (I did a search and the article didn't say), and if it is, this isn't great. Taxes, medical, any union dues, and hopefully a significant chunk going into a retirement fund will eat this up quickly. This is in the 24% fed tax bracket - not including child credit or any pre-tax deductions for something like a 401k, and no State tax taken. 140k take-home would be pretty good.
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Yes. That as a household income is not actually that far from two median individual incomes. As someone in a high cost of living area, I can see you’d be very restricted on less than that, and it’s tough to see how you’d ever afford to own a home.
Like there is a figure low enough for either party.
God I wish that were me
as income, that is quite a bit above middle income. unless you living in very rich neighborhoods, its still affordable in places even with hcol.
<100k is considered low income though in HCOL.
uh huh, thank you vice and mr wallstreet substack poster for spreading such awareness, but where does that leave people in actual poverty?
vast majority people in actual poverty spend their lifetime in poverty. about 10% make it out, mostly via education for gifted kids.