Not arguing with anything but your numbers. Gross pay is not net pay. My net is 60% of my gross with family health insurance taken out , and taxes (but mostly health insurance).
So that could be closer to 5k a month, let’s say 6 to be generous. Rent here for anything that will fit a family is close to 3k. Another thousand on top for student loans, then electric bill, car insurance or transit $, more people means more food, I can see it might be tight.
Still not anything to really complain about money wise but legit IMO to complain about student loans in general. Education from K through university or trade school needs to be free for students, the economy would work better.
Also, with the price hikes and everything recently, The cost of living has gone up while their salaries haven’t. What’s happened is people who haven’t had to budget before now are now needing to budget. Yeah, they still make enough that they can live quite comfortably it’s not like they’re going to starve, But they can’t just buy that new car every year anymore.
I don’t think a family of 4 with 100k gross is buying a car a year. Even my legit rich FIL gets one every 3 years or so. Though he doesn’t play at trying to make them run forever like we do. Even having enough now to pay for maintaining an older one (11) feels so luxurious to me compared to my past.
Not arguing with anything but your numbers. Gross pay is not net pay. My net is 60% of my gross with family health insurance taken out , and taxes (but mostly health insurance).
So that could be closer to 5k a month, let’s say 6 to be generous. Rent here for anything that will fit a family is close to 3k. Another thousand on top for student loans, then electric bill, car insurance or transit $, more people means more food, I can see it might be tight.
Still not anything to really complain about money wise but legit IMO to complain about student loans in general. Education from K through university or trade school needs to be free for students, the economy would work better.
You forgot childcare. Tack on another 2-3K per month in expenses for that.
Also, with the price hikes and everything recently, The cost of living has gone up while their salaries haven’t. What’s happened is people who haven’t had to budget before now are now needing to budget. Yeah, they still make enough that they can live quite comfortably it’s not like they’re going to starve, But they can’t just buy that new car every year anymore.
I don’t think a family of 4 with 100k gross is buying a car a year. Even my legit rich FIL gets one every 3 years or so. Though he doesn’t play at trying to make them run forever like we do. Even having enough now to pay for maintaining an older one (11) feels so luxurious to me compared to my past.
Yeah, they might try regular maintenance instead…