Reply to Poverty level is $140,000 for a family. Really.

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Reply to "Poverty level is $140,000 for a family. Really."

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote] Sounds like the article is saying “if you live this very reasonable UMC lifestyle of daycare and shopping at WholeFoods and driving 2 new cars, and having thousands of discretionary income each month, you’re in poverty when you look at what’s leftover! What a ridiculous position.[/quote]

You cannot afford any of this on $140K per year in the DC area.[/quote]

I have family on Frederick who do this just fine. And the schools are good too.[/quote]

Holy cow, is [i]Frederick [/i] part of the DC area? The near side of the county 50 miles away and probably a 90-minute commute each way, the far side is closer to Pennsylvania than Washington.

And even with that, Google says "The cost of living in Frederick, MD is 32.2% higher than the national average. Generally, housing in Frederick is 91.6% more expensive than the national average, with rent falling between $1,452 – $2,376. You can expect to pay 8.8% more for groceries, 10.2% more for utilities, and 1.0% more for transportation."[/quote]

What's this in context? Say Bethesda? Is COL in Bethesda 68% higher than Nat'l average? What about housing?[/quote]

The conversation was:

PP1: You cannot afford any of this on $140K per year in the DC area.

PP2: I have family on Frederick who do this just fine.

PP3: The cost of living in Frederick, MD is 32.2% higher than the national average.

It doesn't matter what the COL in Bethesda is how much Frederick is less than Bethesda, the point is PP2 said Frederick is "just fine" for a family of four on $140K and that's not really true. It is difficult for a family of four to live a middle class life on $140K anywhere remotely close to a major metropolitan area (meaning most of the NE corridor), meaning anything above paycheck-to-paycheck, saving for the future, etc. Its closer to poverty than middle class, where just one major setback (major illness, temporary job loss) means the debt cycle, bankruptcy, housing loss, etc.

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