How to live on $25,000 a year in low wage America:Â A guide to living on the per capita income.
Most Americans live paycheck to paycheck. We hear stories of people waiting until midnight at the end of the month so accounts can get filled with funds simply to buy food. This shouldn’t come as a shock given the per capita income of a working American is roughly $25,000. Does that seem like a lot […]
You Cannot Afford a $250,000 Home with a $50,000 Household Income!
People are still surprised why new home sales remain anemic and new home building is simply not materializing. The latest Census data shows that the typical new home sold for $281,000. At the same time we also realize that your typical U.S. household is making about $50,000 per year. The reason home sales remain weak […]
The US cannot avoid a soft default even if a hard default is avoided: Debt ceiling already breached and US Treasury operating in emergency mode while US is paying $415 billion in annual interest expenses.
All the talk has shifted from the government shutdown to the US actually defaulting on outstanding debts. The markets were in deep fear but the last couple of days rumors that the debt ceiling would be raised put the rocket boosters on the stock market. Of course, the majority of Americans have little money in […]
Can you live in California on a $60,000 a year household income? Living the middle class lifestyle in California on $60,000 a year.
Can you live comfortably in California making $60,000 a year? It really depends on what you define as comfortably. We should note that the median household income in the US is $50,000 and in California it isn’t much higher. California gets a notorious rap of being an expensive state but this is if the entire […]