'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap

return2ozma@lemmy.world · 1 year ago

'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap

Wrench@lemmy.world · edit-2 1 year ago

Fair enough. I’m sure there’s a calculator to make it easy per state. But yeah, take home is deceptive, because typically someone making that kind of income is going to have health insurance contributions, retirement contributions, social security (not technically income tax, but fair enough to deduct IMO) taken directly out of their paycheck.

Without doing the estimates myself, either of your claims sound plausible, and even taking 8.7k as a generous estimate, it doesn’t look good.

bustrpoindextr@lemmy.world · 1 year ago

and even taking 8.7k as a generous estimate, it doesn’t look good.

Big facts. Worker wages need to be adjusted for the last ${years since Reagan took office and initially screwed everything up for the common American} and then we should be okay.