Probably already posted but do you live comfortably?

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May 14, 2024
1:51:16pm

Niiineteeen84 Blowhard

Probably already posted but do you live comfortably?

Comfortable is 50% to necessities, 30% to discretionary and 20% to savings.

Shocking stat of the day:

Families in the top 5 most expensive states need over $270,000 annually to live comfortably in the US.

Massachusetts is the most expensive state where a family with 2 working parents and 2 children needs an income of $301,000.

Next are Hawaii,… pic.twitter.com/0YLBzdirXg
— The Kobeissi Letter (@KobeissiLetter) May 14, 2024

https://twitter.com/KobeissiLetter/status/1790389946211016915

This message has been modified

Originally posted on May 14, 2024 at 1:51:16pm

Message modified by Niiineteeen84 on May 14, 2024 at 2:03:29pm

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Niiineteeen84

Bio page: Niiineteeen84
Joined: Jan 17, 2007
Last login: May 30, 2024
Total posts: 20,050 (723 FO)

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Messages

Author

Time

Probably already posted but do you live comfortably?

Niiineteeen84 Blowhard

May 14, 1:51pm

Yes, and I make less than $218k/yr too

RGGeemer

May 14, 1:53pm

What is their definition of comfortably I wonder?

gwalker

May 14, 1:54pm

Much higher than mine apparently

vagabonder

May 14, 1:56pm

50% to necessities, 30% to discretionary, 20% to savings

May 14, 2:02pm

but what does that mean

The Toolman

May 14, 2:08pm

I need a solid gold house and a rocket car to be comfortable. Sad day.

DiamondMo

May 14, 2:22pm

RE: Yes, and I make less than $218k/yr too

Blueto

May 14, 2:05pm

Do you have a home and how long have you had it?

jackcrack7

May 14, 4:33pm

Yes, 7 years

RGGeemer

May 14, 6:40pm

Almost there. I’ll be there in the next year or two. Just me or are these

brazilcoug

May 14, 1:53pm

My thought as well. Prob assuming everyone has student debt.

VenturaCoug

May 14, 2:22pm

According to this map I am in poverty no matter where I live

BYU Tuba

May 14, 1:54pm

By that metric, yes.

justAnotherCoug

May 14, 1:54pm

I’m living in Mexico for work now. The USAs definition of comfortable is really

Squirt

May 14, 1:56pm

I thought I was comfortable, but I don't make that much, so I guess not?

runnincoug

May 14, 1:59pm

The median US family income is $74,580.

Pollster

May 14, 2:01pm

Which is why things like this create unrealistic expectations.

Adwight

May 14, 2:09pm

And may indicate why people can't afford houses…

ochobeeguy

May 14, 2:13pm

To be fair, if I was buying a house now, I would not be living comfortably. I'm

RGGeemer

May 14, 2:18pm

Now that I think about it, that's likely what could be driving these numbers up.

RGGeemer

May 14, 2:19pm

Good timing. Sold & bought in '17 too. Sold house would be double now but so would

Soupie

May 14, 2:25pm

Nowhere near that amount, but quite comfortable. These numbers are silly.

May 14, 2:01pm

Colorado is that expensive? I guess if you need to buy a lot of edibles to be comfortable.

jacobugath

May 14, 2:02pm

Yes. It is that expensive.

Mister P

May 14, 2:15pm

Edibles aren't that expensive

Peterbilt

May 14, 2:17pm

I'm a solid 33% below my state's threshold and we're quite comfortable

LeonMarek

May 14, 2:02pm

Hawaii here, making less than $295,000 and very comfortable

RenoCoug

May 14, 2:04pm

Boardname does not check out.......

BoiseBlue

May 14, 4:30pm

I’m a broke new grad and I live “comfortably”.

Warner

May 14, 2:05pm

Yes. On half their "comfortable" range.

Adwight

May 14, 2:07pm

King size bed, several couches, some overstuffed chairs. Doesn't take $210K…

ochobeeguy

May 14, 2:12pm

Nope. Raising 6 kids on a household income of less than 6 figures.

BackPacker

May 14, 2:24pm

I’m guessing their definition of “family” is 2 parents & 2 kids. Youre exceeding

DiamondMo

May 14, 2:32pm

I’m regularly reminded that I’m poor and I don’t even know it.

Pepe

May 14, 2:26pm

Yes, but I have no hope of home ownership where I live. Will need to move

JuicyJam

May 14, 2:42pm

$211K to live comfortably in Idaho. I'd like to know what their level of

mudpupper

May 14, 2:42pm

Saw that the other day; hogwash.

Archaea

May 14, 2:50pm

Stats on the internet rating for a subjective adjective. *Must* be true.

Doogal McCougar

May 14, 2:52pm

About 3.5K per month of “discretionary income”, whatever that is. That’s a lot

cougaman

May 14, 3:13pm

Yes but both are vehicles are paid off and our mortgage is very inexpensive and we're empty nesters

BYU Grounds

May 14, 3:19pm

Yes, but my wife’s trust makes up the difference

Odysseus

May 14, 3:25pm

RE: Yes, but my wife’s trust makes up the difference

BYU Grounds

May 14, 6:03pm

That's about right for Utah these days, unfortunately.

BlooCoug

May 14, 3:39pm

What a stupid map

May 14, 3:42pm

These numbers are laughable right? its a joke?

BYUFootballisBack

May 14, 4:06pm

No, but we are paying for college for kids. Inflation has really started to bite

DwigtA2RM

May 14, 5:56pm

are these numbers a joke? My family has never lived on over 100k in a year and I

qwerew

May 14, 9:54pm

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