The median wage in the US of W2 workers is $42K and $100K+ is in the top 15% of workers

Bboystyle

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Yup for example in a big city
  • $90,000 salary with $2,000 rent:
    Monthly income: $90,000 ÷ 12 = $7,500
    Rent-to-income ratio: $2,000 ÷ $7,500 = 26.7%
small city
  • $40,000 salary with $800 rent:
    Monthly income: $40,000 ÷ 12 = $3,333
    Rent-to-income ratio: $800 ÷ $3,333 = 24%
The second person is spending a slightly lower percentage of their income on rent (24% vs. 26.7%), so while the amounts are different, the affordability is pretty close.
Where do u live where even a closet is $800 a month? :dahell:
 

Makavalli

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This sucks. Housing is the most important expense but to get something affordable u have to live out damn near an hour from where u work unless your fam passed down a crib to you. I make a decent amount but im in NY so i got to decide if i want to be 20 minutes away from my job or an hour cause im not a remote breh

:mjcry:
 

Shadow King

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Yup for example in a big city
  • $90,000 salary with $2,000 rent:
    Monthly income: $90,000 ÷ 12 = $7,500
    Rent-to-income ratio: $2,000 ÷ $7,500 = 26.7%
small city
  • $40,000 salary with $800 rent:
    Monthly income: $40,000 ÷ 12 = $3,333
    Rent-to-income ratio: $800 ÷ $3,333 = 24%
The second person is spending a slightly lower percentage of their income on rent (24% vs. 26.7%), so while the amounts are different, the affordability is pretty close.
Not many small cities still feature $800 rent. You also are making the mistake of using gross income to make the rent-income ratio which is impractical.
 
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The problem is $42K isn't a livable wage in most areas. It would be "okay" if this was 98, but it's 2025 and shyts not getting any cheaper.

Plus the only way for them to get experience is to do the job, but who wants to really work their ass off for an unlivable wage?

If the OP had kept rhe issue to wages need to increase i wouldnt have an issue but he threw on the new car aspect so i am taking the topic in full context and it seems like you all are ignoring the context.

There's nothing wrong with used cars. Nobody is entitled to a new car. It was a stupid hill for OP to die on and yall keep trying to side step it but nobody has refuted me so far in like 20 mentions lol.

I'm pretty sure there is even a lit of posters on here who refuse to buy a new car even if they have money. But now everybody in the thread wants to cry about everybody not making a yearly salary higher than the cost of some new cars. This shyt don't make NO sense
 

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so tf what. when i was in college and working drive thru at a bbq joint i wasn't expecting to buy a new car or a home.
i copped a used car and had an apartment roomate like a lot of young people do.
do you think i should have been able to do that with no real education or experience? lol
And once again, we get to read in great detail as to why this country is free falling:dead:.

"My life was rough at a part-time job, so you shouldn't be able to live life in luxury at that stage".

That mindset might have kilt this country for good:wow:.

Edit: For the record, I don’t think that people should be able to afford a brand new, top of the line vehicle on a part-time wage, but they should definitely be able to afford a new economy sedan at the lowest trim.

A house is out of their budget.
 
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And once again, we get to read in great detail as to why this country is free falling:dead:.

"My life was rough at a part-time job, so you shouldn't be able to live life in luxury at that stage".

That mindset might have kilt this country for good
Edit: For the record, I don’t think that people should be able to afford a brand new, top of the line vehicle on a part-time wage, but they should definitely be able to afford a new economy sedan at the lowest trim.

A house is out of their budget.

some people can and some people can't. the key word here is "median".
and i wouldn't even call my life rough then, as i wasn't even working hard and still able to take care of myself and focus on my education. i was pushing cheeseburgers out of a window lol.... OMG SUCH A HARD DAYS WORK AND I CANT EVEN BUY A NEW CAR! :sadcam:, you all keep showing why this country is so pansied out
 
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HabitualChiller

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This is why I wish the US were more like Japan.

Expensive cars? Nah:mjgrin:. The Japanese take care of their cars, and they upgrade literally every 5 years or 100,000km, so the used car market is dirt cheap, and you don't have to worry about buying a lemon. A brand new Kei car fully loaded with a turbo is $13,000:wow:.

Crazy home prices? Nope:mjgrin:. The Japanese view homes as depreciating assets, so you can deadass find some nice ones on the outskirts of Tokyo for like $75,000. They also believe in knocking down and rebuilding [or upgrading] them every 30 years also. Only downside is that you don't get a backyard or front yard, and the insulation is abysmal.

Another thing that lowers the price of cars is the train system. You have to make those prices reasonable because if you don't, people will say, "fúck it" and just ride the trains everywhere. That's why we don't have that here. The airline industry would lose a boatload of money due to passengers for those short to medium-range, hub-to-hub flights electing to go the locomotive route, and the automotive industry would have to dramatically reduce prices in order to stay competitive.
 
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