/biz/ - Business & Finance

Jews

Cost of living going up coupled with people's ever increasing standard of living/consumer addiction. Do we really need to have this thread for the 100th time this month?

>>53497060
>Americans are not supposed to suffer like other humans for their govt's retardeness.
Why?

>>53497060
inflation is hurting the value of the dollar

>>53497060
imagine living paycheck to paycheck the whole point of america is to make a high salary so you can save your wages lmfao

>>53497060
$100k is nothing. it's a psychological anchoring at play. ask yourself why """"ONE HUNDRED THOUSAND AND 0/100 UNITED STATES DOLLARS PER ANNUM""" has been the criteria for making it for the past 30 years, despite the value of the dollar dropping by 50% over that same period of time.

>>53497100
gov. prints more money than you make bro...

>>53497078
>people's ever increasing standard of living/consumer addiction.
This.
Even low earning wagies and neetcucks think they need doordash and they have to buy more funkypops

It's a problem they caused

>>53497060
Mass marketing breeds consumer culture where any money needs to be impulsively spent, immediately.

>>53497060
compound interests, which is basically what this guy said >>53497074

>>53497060
You already know who we blame.

>>53497102
100k is fine if you don't live in a leftisth shitshole
>but muh jobs
Work remotely
>but muh hustle and bustle
>but muh barcades and heckin doggo parks
oh darn!

>>53497158
i work remotely. livable houses in my rural hometown of 1200 people are $250k. what's your next cope?

>>53497100
>Save all your money
>Dollar gets inflated in 3 years to make your savings worthless

The $100 is the new $20

>>53497060
>>53497117

>you really only need to be one of the few that doesnt have 100 subscriptions/buying funkopops/doordash/uber and instead stack like 1 BTC to be an elite in 10 years

klaus was right wasn't he?

>>53497179
what's wrong with that price? your standard is you have to buy it cash? are you a gigantic retard? (rhetorical question, you are)

>>53497060
>print endless dollars with no concern
>inflate the shit out of everything
>real estate market goes ballistic at the same time
>incompetent politicians just point the finger at the opposite team and blame them
>no angry mobs mass executing the people responsible for this mess
Yeah it's a fucking mystery why this is happening.

>>53497060
$100k gross
$79.5k after 401k max
$52k after taxes
$45.5k after roth ira max
$21.5k after rent/mortgage
$13k after utilities
$8.2k after gas/car insurance/wear & tear
$5k after groceries

That extra $5k is spent on dumb shit like car payments, eating out, and expensive vacations.

People earning $100k are living paycheck to paycheck because they're morons and can't manage their money. It's not an earning problem, it's a spending problem.

>>53497297
This. The generation the gave us hash tag “adulting” isn’t capable of managing money properly. In other news, news!

>>53497060
Listen here, Jack. We've got the lowest annual inflation in OVER A YEAR, and wages are higher than they were 7 MONTHS AGO. We've got the numbers to back it up.

>>53497297
>That breakdown
If this is the case you need to rent out your house to a friend to cut costs
Also
>Help I spent 30,000 on my various Boomer savings accounts, I just don’t know where all my money went!!!
Kek

>>53497331
How does he open PDF?

>>53497297
Maxing out a 401k and Roth is not living paycheck to paycheck lol how is saving 25% of your income "paycheck to paycheck"

>>53497297
I don't think this is the case

>>53497395
>>53497435
Hence why I said they were morons

>>53497060
debt-traps

>>53497060
$100k is poverty tier on the coasts

>>53497060
>even those on more than $100k
$100k is quite literally poverty tier in HCOL areas. $100k is lower middle class.

>>53497078
yeah we do
queue the
>PRACTICE [X] THREAD
>MECHANICAL ENGINEER
>10000TH LINK THREAD

>>53497297
>more than $700mo on utilities
Are you mining bitcoin with a gas powered rig?

>>53497179
If you make $100k on a W2 there's no way you'd have difficulty getting a mortgage for a $250k house.

>>53498484
getting a mortgage and being able to comfortably afford a mortgage are two entirely different things. even today, post-2008, banks will lend up to 45% DTI. that doesn't mean it's a good idea.

>>53498446
I guess it depends on where you live, but $400/month just on electric/gas isn't too crazy for a moderate sized house in the dead of winter or summer. Then add $100 for internet, ~ $75 for cell phone, $40 water, $40 for trash, $40 for sewer. That $695. They're estimates, and rounded up, which is what you're supposed to do when making a budget.

>>53498553
The only possible way you couldn't afford a $250k mortgage while making $100k is if you're a funko pop collecting, delivery for every meal consumerist normalfag.

>>53498973
$100k gross
-$12k 401k
-$2k health insurance
-$23k taxes
-$6k car payment/maintenance/fuel
-$1k car insurance
-$5k food
-$1k phone and internet
-$6k student loans

you're down to $44k/year or $3667/month

$250k house with 10% down at 6.5% interest

$1400/month mortgage
$100/month PMI
$100/month insurance
$300/month taxes
$300/month water, trash, sewer, electric, etc.

you're down to $1500/month savings. congratulations, you're poor.

>>53499083
Saving $1500 per month isn't living paycheck to paycheck or poorfag, especially if you have a car new enough that requires a payment.

>>53499182
your last post said affordability. now it's "paycheck to paycheck." ask me how i know you're poor.

>>53497078
yes because he is dating mining

>>53499083
>6k car payment/maintenance/fuel
Should be literally no maintenance on a car less than 5 years old unless you bought a lemon, oil changes very occasionally let’s say $80 a year
$30 in gas twice a month (assuming your car is gas efficient) is $720
Leaves you 4000 and some change which brings it out to $350 per month in car payments, which in that case which idk dude get better credit or a refinance.

>1k on insurance
A car they still has payments on it needs full coverage insurance which definitely doesn’t cost $83 a month

Also
>100/month PMI (Private Mortgage Insurance)
Unless you live in a tiny condo or a retirement community you’re usually paying more like 200-300 per month depending which state you live in and that’s just fire, some states do have separate mandatory flood or wind insurance which can cost double or triple the regular fire insurance.
>100/Month insurance
That’s what PMI is dumb dumb

>>53499240
OP is about living paycheck to paycheck. You sound like a communist who's upset houses aren't free.

Making $100k while living in a LCOL area where you can buy a home for $250k puts you well above median wealth among both individuals that make $100k and individuals living in that specific area.

>>53499380
car is $500/month budget. $300/month payment, $100 a month fuel (about 1k miles a month, the national average), and let's say $50/month budget for maintenance. so i overstated it by a whole $600 a year.

PMI and homeowner's insurance are two different things. PMI is for the benefit of the lender, probably 0.8% of purchase price for most homeowners with <20% down. homeowner's insurance is for your benefit in case of fire/flood/etc.

>>53499428
>communist
hello low IQ trump voter who can only dream of making a pitiful $100k a year

>>53498803
I’ve never spent that much in my life and I use heating oil.

>>53499538
>brings up Trump randomly

Stay mad, retard. No wonder you think buying a $250k house on a six figure salary working remote is some impossible task.

I live paycheck to paycheck because I’m putting most of my savings to crypto, then losing it when it crashes.

>>53500000

>>53497060
all Americans are nigga rich.
what they get they spend.

>>53497297
That extra $5k/yr can’t pay for any of those things you mentioned wtf? Also
>living on $60 groceries/wk just to max out two 401ks
Nigger I want to be somewhat healthy and functional by the time I retire

>>53497060

this is 100% fake .. i have yet to see any concrete evidence of this.

>>53500471

I'm NEET, wagies pay for my lifestyle. Lmao

>>53497074
"Jews" for the internet layman, is the internet word for "Elite"; Who just so happen to be vastly over represented by Jewish individuals