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re: Powell no longer believes inflation will reduce

Posted on 5/14/24 at 10:40 am to
Posted by scottydoesntknow
Member since Nov 2023
2175 posts
Posted on 5/14/24 at 10:40 am to
If im thinking averages of someone who loves alone and owns a 200k home:

quote:

Rent/Mortgage


1350-1850/mth

quote:

Car Payment


200-400/mth

quote:

Groceries


500-800/mth

24k-36k/yr on the most basic necessities

After taxes are taken out of 50k, you are on a pretty thin margin to do anything other than eat/sleep/work
Posted by RaoulDuke504
Member since Aug 2023
1036 posts
Posted on 5/14/24 at 10:43 am to
quote:

1350-1850/mth quote:Car Payment 200-400/mth quote:Groceries 500-800/mth 24k-36k/yr on the most basic necessities After taxes are taken out of 50k, you are on a pretty thin margin to do anything other than eat/sleep/work



This is exactly my situation
Posted by Revelator
Member since Nov 2008
58249 posts
Posted on 5/14/24 at 10:43 am to
quote:

you are on a pretty thin margin to do anything other than eat/sleep/work



So please tell me why the average Joe citizen is still spending and traveling like they are fine?
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