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Reply to "How do households live on less than 100k a year?"
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[quote=Anonymous][quote=Anonymous]After FICA, social security, medicare, and state taxes, $100k becomes around $75k for most singles. That's $6,250 each month. Average rent is $2k a month, cell/internet/utilities is probably about $300-400 a month. Average car payment is $700. Average student loan is $500. That gets us to around $2000 left for the month for food, childcare, and other expenses. It seems affordable without childcare.[/quote] Only unwise people take $700 car notes and have that kind of student loan. [/quote]
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