Is $68,000 the bare-bones family income?

Discussion in 'Current Events' started by Two Thumbs, Apr 6, 2011.

  1. Two Thumbs
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    Two Thumbs Platinum Member

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    Is $68,000 the bare-bones family income?
    This post comes from Lynn Mucken at MSN Money.


    Or is it? According to a study commissioned by the nonprofit Wider Opportunities for Women, a family with two full-time wage earners and two children needs nearly $68,000 a year to afford fundamentals like housing, utilities, food, health care, transportation, saving for retirement and child care. The average such family in America makes less than that. Post continues after video.

    [bold added]

    Are they serious?

    My family does all of that with 5 kids and a $54k income.

    How can msn expect to be taken seriously when people can read that tripe and know that is exactly what it is?

    Seriously, if you "need" $68k with just 2 kids, you need to check what you are wasting your money on.
     
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  2. High_Gravity
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    High_Gravity Belligerent Drunk Supporting Member

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    So many people are making it on way less money than that, these idiots that write this stuff sipping their margaritas typing away on their laptops on their private yachts have no idea what the fuck is really going on.:cuckoo:
     
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  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The income level needs to be adjusted for geography. The cost of living in Fargo ND is far different than that of NYC.
     
  4. Two Thumbs
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    Two Thumbs Platinum Member

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    When I read tripe like that, all I can think is that;
    sporty cars with rims
    The newest ithingy
    the latest cell phone
    mobil whatsit
    lattes

    Are full blown needs.

    I suppose;
    used cars
    not having an ithingy
    a home phone
    a cell phone that works
    and making coffee at home

    is barbaric
     
  5. Two Thumbs
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    Two Thumbs Platinum Member

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    I lived in Philly with 2 kids on even less. far less than what they claim as a need, even if I do a large adjustment for inflation.

    personnally; If you can't make it where you are at? Move. many people do.
     
  6. Zoom-boing
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    Zoom-boing Gold Member

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    I would love to be a family of five 'struggling' on $68K/yr. Srsly. Increase the salary in our household to that point and let me show you how we'd 'struggle'. :rolleyes: Cripes, we'd be able to sock away a shitload of money on that kind of salary.
     
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  7. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Kudos to you. I completely agree with and follow the principle of "living within one's means".

    My folks raised five kids on a very modest income. We had one car, cooked our meals at home, vacations were camping trips, etc. And all five of us worked our way through college.

    In contrast, we had neighbors who lived it up on tons of debt. The result, my parents have a paid off house, and a couple of neighbors have lost theirs.
     
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  8. Two Thumbs
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    Two Thumbs Platinum Member

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    Using some very basic math, that's $17K a person just to get by, so I would need $119K to make it.

    If I made that, I could retire in 10 years from now.
     
  9. High_Gravity
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    High_Gravity Belligerent Drunk Supporting Member

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    You know what? everyones lifestyle is different, some people are totally comfortable living on 40K a year and there are some people that would slit their wrists if they had to give up their $100 jeans, Escalade, $400 cell phones and trips to Las Vegas.
     
  10. Two Thumbs
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    We visited relatives and stayed in each others homes.

    Your parents were upstanding people. The dreive to keep up with the Joneses is strong.
     

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