'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 · 2 years 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

AlDente@sh.itjust.works · 2 years ago

I’m driving a 26 year old car and don’t even spend $600 on maintenance in a year. $600/month ($7200/year) sounds crazy high. That’s like replacing an engine or transmission every year.

RBWells@lemmy.world · 2 years ago

Correct, it’s mostly house. For a year, cars are about $400 in oil changes plus $300 in regular maintenance (brakes, etc.) and usually one repair or tires purchase of high cost, $600-1200. Its staying way below the cost of a new one.

The house is the real money eater.

AlDente@sh.itjust.works · 2 years ago

Ah, I didn’t realize you were lumping home and vehicle maintenance together. My water heater recently died after 19 years of solid use and that was more than a $2k project. I’m dreading the day the furnace goes out. Homes aren’t cheap.