70% of millennials live paycheck to paycheck

[Anonymous]

Anonymous wrote:Both my kids lived for free with us after college and grad school for a few years to save as much money as they could. No student debt either. There was no way I was letting my kids leave the nest without a significant leg-up. They got merit scholarships in in-state so we did not have to pay for them. The money we had saved for their college was repurposed for grad school.

Living paycheck to paycheck is also happening due to lack of planning, overspending, poor choices and a shocking sense of entitlement.

Glad your kids got to live for free in a major metro area after college, in commuting distance to high-paying jobs. They also had grad school savings that they didn’t save for themselves.

Most people don’t have those advantages, due to no fault of their own.

[Anonymous]

Anonymous wrote:It’s sad but true. I know too many people who make really good money, but they blow their money on things like a giant house they don’t even need or expensive cars just to keep up with the Jones’s. It’s really sad. Nobody cares what you have or what you drive.

At least with the house they will get the money back.

[Anonymous]

Rent costs $2500-3000 per mo. A modest Honda is gonna set you back $400-500 per mo. We aren’t even covering childcare, health expenses, and utilities that keep going up. Food prices keep going up and up and up. You will feel poor on a $120k salary these days.

[Anonymous]

Anonymous wrote:If you’re a millennial (27-41 years old) and aren’t making at least $80k you did something very, very wrong.

You realize the median income is below that, right?

[Anonymous]

Anonymous wrote:Rent costs $2500-3000 per mo. A modest Honda is gonna set you back $400-500 per mo. We aren’t even covering childcare, health expenses, and utilities that keep going up. Food prices keep going up and up and up. You will feel poor on a $120k salary these days.

If you’re childless you should be living with roommate(s) so halve that rent per person. If you live in most parts of DC, Arlington, Alexandria and Bethesda you don’t need a car (I lived without one for years in two of those places).

[Anonymous]

Anonymous wrote:Rent costs $2500-3000 per mo. A modest Honda is gonna set you back $400-500 per mo. We aren’t even covering childcare, health expenses, and utilities that keep going up. Food prices keep going up and up and up. You will feel poor on a $120k salary these days.

Not everyone can afford to live in a trendy, desirable major city. Some people will have to move. They’ll survive.

If you have a portable career like teacher or nurse you can get a job anywhere, and if you have a corporate desk job you have WFH so you might only need to come in once a week. You commute from Baltimore County once a week. No big deal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you’re a millennial (27-41 years old) and aren’t making at least $80k you did something very, very wrong.

You realize the median income is below that, right?

Yes, most people did something very wrong.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you’re a millennial (27-41 years old) and aren’t making at least $80k you did something very, very wrong.

You realize the median income is below that, right?

Yes, most people did something very wrong.

Chose wrong parents.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Rent costs $2500-3000 per mo. A modest Honda is gonna set you back $400-500 per mo. We aren’t even covering childcare, health expenses, and utilities that keep going up. Food prices keep going up and up and up. You will feel poor on a $120k salary these days.

Not everyone can afford to live in a trendy, desirable major city. Some people will have to move. They’ll survive.

If you have a portable career like teacher or nurse you can get a job anywhere, and if you have a corporate desk job you have WFH so you might only need to come in once a week. You commute from Baltimore County once a week. No big deal.

You're an idiot. Apartments in Columbia, MD are $2000-3000 per mo. Many apartment complexes in Baltimore county run $2000+ per mo. Neither of those are swanky cities.

How long exactly have you had your head up your ass? You sound like you're living in 2003 dollars.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Rent costs $2500-3000 per mo. A modest Honda is gonna set you back $400-500 per mo. We aren’t even covering childcare, health expenses, and utilities that keep going up. Food prices keep going up and up and up. You will feel poor on a $120k salary these days.

Not everyone can afford to live in a trendy, desirable major city. Some people will have to move. They’ll survive.

If you have a portable career like teacher or nurse you can get a job anywhere, and if you have a corporate desk job you have WFH so you might only need to come in once a week. You commute from Baltimore County once a week. No big deal.

You're an idiot. Apartments in Columbia, MD are $2000-3000 per mo. Many apartment complexes in Baltimore county run $2000+ per mo. Neither of those are swanky cities.

How long exactly have you had your head up your ass? You sound like you're living in 2003 dollars.

You live with roommates if you’re childless.

[Anonymous]

Anonymous wrote:It’s America. 70% of all people are paycheck to paycheck not just millennials. This isn’t Japan where the household savings rate is 20-30%.

The savings rate in Japan is only 2.4%. They don’t have a retirement account system like we do and their stock market hasn’t been doing well the last few decades. Median household income is only $46k USD vs $67k in the USA

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Rent costs $2500-3000 per mo. A modest Honda is gonna set you back $400-500 per mo. We aren’t even covering childcare, health expenses, and utilities that keep going up. Food prices keep going up and up and up. You will feel poor on a $120k salary these days.

Not everyone can afford to live in a trendy, desirable major city. Some people will have to move. They’ll survive.

If you have a portable career like teacher or nurse you can get a job anywhere, and if you have a corporate desk job you have WFH so you might only need to come in once a week. You commute from Baltimore County once a week. No big deal.

You're an idiot. Apartments in Columbia, MD are $2000-3000 per mo. Many apartment complexes in Baltimore county run $2000+ per mo. Neither of those are swanky cities.

How long exactly have you had your head up your ass? You sound like you're living in 2003 dollars.

You live with roommates if you’re childless.

And after you have children and are paying $2000/month for the apartment and $2000/month/child for childcare?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Rent costs $2500-3000 per mo. A modest Honda is gonna set you back $400-500 per mo. We aren’t even covering childcare, health expenses, and utilities that keep going up. Food prices keep going up and up and up. You will feel poor on a $120k salary these days.

Not everyone can afford to live in a trendy, desirable major city. Some people will have to move. They’ll survive.

If you have a portable career like teacher or nurse you can get a job anywhere, and if you have a corporate desk job you have WFH so you might only need to come in once a week. You commute from Baltimore County once a week. No big deal.

You're an idiot. Apartments in Columbia, MD are $2000-3000 per mo. Many apartment complexes in Baltimore county run $2000+ per mo. Neither of those are swanky cities.

How long exactly have you had your head up your ass? You sound like you're living in 2003 dollars.

You live with roommates if you’re childless.

So are you saying married couples need roommates if they are childless?

[Anonymous]

Anonymous wrote:https://www.cbsnews.com/news/millennials-paycheck-to-paycheck-financial-status/

But not anyone on DCUM

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Rent costs $2500-3000 per mo. A modest Honda is gonna set you back $400-500 per mo. We aren’t even covering childcare, health expenses, and utilities that keep going up. Food prices keep going up and up and up. You will feel poor on a $120k salary these days.

Not everyone can afford to live in a trendy, desirable major city. Some people will have to move. They’ll survive.

If you have a portable career like teacher or nurse you can get a job anywhere, and if you have a corporate desk job you have WFH so you might only need to come in once a week. You commute from Baltimore County once a week. No big deal.

You're an idiot. Apartments in Columbia, MD are $2000-3000 per mo. Many apartment complexes in Baltimore county run $2000+ per mo. Neither of those are swanky cities.

How long exactly have you had your head up your ass? You sound like you're living in 2003 dollars.

You live with roommates if you’re childless.

So are you saying married couples need roommates if they are childless?

If they’re not high earning or wealthy, they may.