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David Stafford's avatar

I've found that many people resist the smart phone theory because it would mean examining their own cellphone habits. It's hard to ask addicts to be impartial about their addictions.

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Christopher Meesto Erato's avatar

Updated because a smart reader found a mistake in my food costs but I also forgot some other bills - student debt and gas/car maintenance - and probably some others I can't think of right now. Do you agree that inflation of 10-20% has outpaced wages 3-5% in last few years? Lots of data point this out.

Median income is around $37.5 grand per citizen in the USA - based on real gov data. Let's do a quick reality check on what this equates to in the real world 2024 cost of living. Average 1 bedroom apartment is 1700 a month * 12 = 20,400 per year year. Now let's just stick to the basics - no fun stuff like streaming tv, going out to eat occasionally, bowling, movies etc. - Food/drink/toiletries per week nowadays is at least 400 a month for one person*12 months=4800-5000 per year - Electric and Heat = around 100 a month *12 = 1200 averaged out (also different deals/combos in different locations in country). Some kind of sliding scale/work health insurance - 75 a month * 12 = 900 - Phone/wifi - 50 a month * 12 = 600. Car payment 250 per month*12= 3000 & Car Insurance 90*12 months + 1080. Car Gas and Maintenance per year 1500 minimum. Average student loan 250*12=3000. Okay - these are are the necessary basics to survive in the 21st century USA - no?

Now Let's add up per year bills for the basics in 2024 USA - Rent 20,400 + Food 5,000 + Electric & Heat 1200 + Health Insurance 900 + Phone/Wifi 600 + Car & Insurance 3180+Gas/Maintain 1500+College Debt 3000 +Another 5000 for Uncle Sam!= $40,780! And US Median income of 37,500 is Actually only 32,500 real pay median income after taxes and social security etc.! After all bills and taxes etc for only basics - the average citizen is short $8,280 for bare bottom existence and cheapest apartments in shady neighborhoods, cheapest car deals, cheapest insurance, phone/wifi etc. - Not only not enough to survive but not enough to have fun or ever get ahead or save any money for possible emergency or ever hope to have children - even one! Some are thinking better degrees equal more money - true but it's all relative - more money equals a nicer apartment for 2000 a month, car payment goes up etc. and more taxes too! Yeah! No wonder millions are forced to live with their parents! See Vox latest link below

https://www.vox.com/24115808/multigenerational-housing-us-families-personal-finance

My single Mother made 30,000 a year working as a social worker in the 1970's/80s and raised 4 kids with minimal child support from Dad and we had all basics and a little extra but those days are long over! But back then a decent 3 bedroom house sold for 30,000 - now 350,000 - a brand new car - 3000 - now 30,000 - a cucumber was a dime - now 1.25 - apple etc the same. So prices for coveted things like homes and cars have gone up by 10 times but wages have only doubled from 15-20,000 in 1980 to 35-40,000 now. This is reality. Please Stop manipulating data that disregards it!

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