Reply to Why is $275k hhi now so poor?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This thread shows where the next recession is coming from.

If $275k is poor, imagine how the families making under $100k are feeling. Credit card debt creeping up, phantom BNPL loans, etc…

We make around $275k and definitely don’t feel like we have as much as we did in 2019, when our HHI was slightly less. We’ve cut out fast food for the kids, as McDonalds is even too expensive for our HHI. Or put another way, yes we can afford it, but why spend $40 for fast food for a family of 5?

But yes, the next recession will be caused by inflation and people eating out and spending less.

[/quote]

Yup. $275k is treading water. Those making $150k or below are borderline poverty to lower middle class.

Went to the store yesterday for some simple snacks for movie night at the house.  $48 for some bull crap at the store that was basically some chips, popcorn, and soft drinks.  You can't even buy a week of groceries anymore for $150 unless you're eating trash and rice and beans everyday.

The American dream is dead and most of the country is just treading or already drowning.  [/quote]

My working class brother makes 40k a year, is a renter, and does not feel poor. [/quote]

Sure he doesn't  :roll:

I mean maybe he doesn't feel poor, you could be correct.  There are probably people out there who are poor and who don't want to admit it. He's saving bread crumbs for retirement and would probably have to use credit cards for an emergency. Admit it. [/quote]

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