I need iron chef to come cook these books tomorrow. Show both high unemployment so we get a rate cut but also high employment so economy is also doing great. Ty.
Also inflation doesn't exist.
\> 200k/year just existing
On... what? I'm in a fairly HCOL area (people pay 4-5k / month for rent for a home to rent - cheaper for townhomes / condos) and dual incomes survive off \~100k / annum. I know people who are living off less.
Personally I live off \~10k / month - but I own my home. I'm far above the "regular" thresholds tho - as I eat out \~10 times a week and blow a lot of money at the bar. 90% of my expenses come from eating out / doing recreational activies / hobbies
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You can survive without issues with < $1k / month for food (many people do < $500 / month, cook at home) and \~2-3k in rent.
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People living off 200k+ and living paycheque to paycheque are living beyond their means (in the moment) imo.
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Care to breakdown where \~16k / month goes?