What is the actual baseline for american to at least afford a cheap house and live a just-ok life, assuming you’re single? As in you can afford food, transport, and just tiny bit of saving? I’ve been hearing that it’s bad, but not sure how bad it is.
Depends on your area (because of the housing market and local cost of living), but in my area in California, if you are not making $150,000 or more annually expect to be in a lot of debt and never owning a home.
I’m assuming that’s a pretty high cost of living area compared to Bumfuck, NW though. Sucks for anyone working a low wage job in said HCoL area of course, but this is somewhat of a state issue rather than a federal one, since HCoL states and areas should have higher minimum wage than federal minimum wage. And I mean California is at least doing that already, but I think even Cali needs to double its current minimum wage.
Note: I’m not even American, these are just my ramblings.
What is the actual baseline for american to at least afford a cheap house and live a just-ok life, assuming you’re single? As in you can afford food, transport, and just tiny bit of saving? I’ve been hearing that it’s bad, but not sure how bad it is.
Depends on your area (because of the housing market and local cost of living), but in my area in California, if you are not making $150,000 or more annually expect to be in a lot of debt and never owning a home.
I’m assuming that’s a pretty high cost of living area compared to Bumfuck, NW though. Sucks for anyone working a low wage job in said HCoL area of course, but this is somewhat of a state issue rather than a federal one, since HCoL states and areas should have higher minimum wage than federal minimum wage. And I mean California is at least doing that already, but I think even Cali needs to double its current minimum wage.
Note: I’m not even American, these are just my ramblings.