Everyone should be able to function quite well on $80K per year.
Don't live beyond your means, then blame it on ......inflation.....biden....taxes.....housing....interest rates.....etc.
80/12 = $6,666 PER MONTH.
I own my home, I sold my rental.
Daughter is 30, she has a mortgage on 2 homes.
1 is a rental that bings in MORE than the payment.
The other is their current residence, YES they have a mortgage, they are 30.
They bought their 2nd home in Oct 2022, little over 1 year ago.
no, it equals 4k take home, not a penny more
food is $800 a month
electricity is $300 a month
gas is $100 a week, $400 a month
telephones are $266 a month
garbage is $40 a month
mortgage is $1500 a month
car payment $400 a month
insuranace is $400 a month
braces, $100 a month
80k a year is simply living
it cost me 4300k a month to live, I dont live high on the hog. I pay for 4 people to include myself
I bought the cheapest house I could find before the prices went up. My $150k house now costs $400k. Lucky for me I live in a city that raises property tax as fast as they think the price of my house went up.
the only thing you are right about is that people should live pretty good on 80k, what you are wrong about is that we honestly cant.
Thank god, at 60 years old, I get to work 84 hours this week, and if I can not keep working 84 hours a week I will have to find a job that needs me to work 84 hours a week.
Education? Bachelors in Electronic engineering, further education in Non destructive testing, qualifications with the Electrical Power Research Institute, ASNT and my company.
sure, one can live good, if they never ever make a mistake, but not making any mistake, 80k in this economy sucks!