We are going to be paying off our student loans for at least another decade," Heninger, who is facing just under $900 monthly payments between himself and his wife
Oh for fucks sake, if they have $100,000+ that’s $8,333 per month, and they can’t handle paying $900 per month?
Cry me a river will you?
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.
Just because they make more income than you doesn’t mean they don’t also struggle. Their expenses are different from yours. Also these student loans are predatory. They have terms where you can pay for years and end up owing more than you originally took out
“Different” meaning “need to make payments on cars and properties that a poor person can only dream of having”?
Look, I get that rich and poor all struggle… but can we not pretend that the struggles are equal?
As of 4th quarter 2024, average cost of living for a single person in the US is $4,948/month. Take that $8,333/month, chop off 20% for taxes, and you’re already getting uncomfortably close to that number. For a family of four, I really don’t see how those numbers work at all.
Average because 1% own half the wealth, average has nothing to do with normal people. You need median. Many people don’t even make 5k per month before taxes.
Those figures won’t be that far apart. It will somewhat, because higher incomes will have a bigger house and more luxurious car. However, they’re putting more of their money into investments, not cost of living.
And I’ll reiterate, that’s the average for one person, not a family.
Oh for fucks sake, if they have $100,000+ that’s $8,333 per month, and they can’t handle paying $900 per month?
Cry me a river will you?
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.
Just because they make more income than you doesn’t mean they don’t also struggle. Their expenses are different from yours. Also these student loans are predatory. They have terms where you can pay for years and end up owing more than you originally took out
“Different” meaning “need to make payments on cars and properties that a poor person can only dream of having”? Look, I get that rich and poor all struggle… but can we not pretend that the struggles are equal?
It’s not a contest over who is struggling more. Why are you against someone who is also struggling that makes no sense
As of 4th quarter 2024, average cost of living for a single person in the US is $4,948/month. Take that $8,333/month, chop off 20% for taxes, and you’re already getting uncomfortably close to that number. For a family of four, I really don’t see how those numbers work at all.
Average because 1% own half the wealth, average has nothing to do with normal people. You need median. Many people don’t even make 5k per month before taxes.
Those figures won’t be that far apart. It will somewhat, because higher incomes will have a bigger house and more luxurious car. However, they’re putting more of their money into investments, not cost of living.
And I’ll reiterate, that’s the average for one person, not a family.