Rustic23
Thinks s/he gets paid by the post
Enuff,
The ‘family income’ structure, if graphed would look somewhat like a pyramid or a pear. There are a lot more folks at the bottom than at the top. There is only one Bill Gates, and from there it spreads. At the bottom there are lots of people living under bridges. More than we want to admit. If you sliced this pear in the middle, where would the income line be? My guess is about $50,000. Just because that may be the average income, does not mean folks are living it up, in fact my guess would be like you said, pay check to pay check.
Your point is well takes as to what makes up this figure. Those that have seen my earlier post know I don’t trust many of the statistics quoted. (Except Marshac’s I now know where he gets his from)
We currently live on about $60,000 and have managed to save enough to retire. Our living expanses will be less than $50,000 upon retirement. Major difference is, none of our income will not be subject to SS tax, with hard monthly expenses of less than $3,000. On the other hand I figure my daughter and son-in-law’s income somewhere around $150,000 a year, and they live pay check to pay check.
The ‘family income’ structure, if graphed would look somewhat like a pyramid or a pear. There are a lot more folks at the bottom than at the top. There is only one Bill Gates, and from there it spreads. At the bottom there are lots of people living under bridges. More than we want to admit. If you sliced this pear in the middle, where would the income line be? My guess is about $50,000. Just because that may be the average income, does not mean folks are living it up, in fact my guess would be like you said, pay check to pay check.
Your point is well takes as to what makes up this figure. Those that have seen my earlier post know I don’t trust many of the statistics quoted. (Except Marshac’s I now know where he gets his from)
We currently live on about $60,000 and have managed to save enough to retire. Our living expanses will be less than $50,000 upon retirement. Major difference is, none of our income will not be subject to SS tax, with hard monthly expenses of less than $3,000. On the other hand I figure my daughter and son-in-law’s income somewhere around $150,000 a year, and they live pay check to pay check.