return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 18 hours agoStudy: Hopeful homebuyers need income of nearly $117,000 to afford typical home in U.S.www.bankrate.comexternal-linkmessage-square24fedilinkarrow-up1166arrow-down11
arrow-up1165arrow-down1external-linkStudy: Hopeful homebuyers need income of nearly $117,000 to afford typical home in U.S.www.bankrate.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 18 hours agomessage-square24fedilink
minus-squaredryfter@lemm.eelinkfedilinkEnglisharrow-up15·16 hours agolooks at pay statement looks at $117,000 needed to “afford” a house looks back at pay statement and realizes the income works out to very close to 10 times LESS 😐 I knew I was poor, but damn dude.
minus-squareHubertManne@piefed.sociallinkfedilinkEnglisharrow-up4·16 hours ago10X!!! thats like $5/hr full time. Thats illegal everywhere I know of.
minus-squareLandless2029@lemmy.worldlinkfedilinkarrow-up3·6 hours agoThere’s also take home pay after taxes and expenses vs gross.
minus-squareBroadfern@lemmy.worldlinkfedilinkEnglisharrow-up9·15 hours agoGross income (before taxes) for US federal minimum wage is $15,080 for full-time. So, close to 10x less.
minus-squareHubertManne@piefed.sociallinkfedilinkEnglisharrow-up3·14 hours agomy mistake. my states is like twice that and the region I am around near the city is higher. Did not realize the federal was still so low.
minus-squareReallyActuallyFrankenstein@lemmynsfw.comlinkfedilinkEnglisharrow-up3·9 hours agoFederal minimum wage was last raised to $7.25 per hour effective July 24, 2009. It’s a good thing that was definitely a livable wage in 2009 and that there hasn’t been any inflation since then.
looks at pay statement
looks at $117,000 needed to “afford” a house
looks back at pay statement and realizes the income works out to very close to 10 times LESS
😐
I knew I was poor, but damn dude.
10X!!! thats like $5/hr full time. Thats illegal everywhere I know of.
There’s also take home pay after taxes and expenses vs gross.
Gross income (before taxes) for US federal minimum wage is $15,080 for full-time. So, close to 10x less.
my mistake. my states is like twice that and the region I am around near the city is higher. Did not realize the federal was still so low.
Federal minimum wage was last raised to $7.25 per hour effective July 24, 2009.
It’s a good thing that was definitely a livable wage in 2009 and that there hasn’t been any inflation since then.