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Thursday, May 16, 2024

The Income a Family Needs

Family Income

The explanation in fine print at the bottom reads:

Comfortable was defined as the annual income required to cover a 60/30/20 budget, allocating 50% of earnings to necessities, 30% to discretionary spending, and 20% to savings.

One of my comments on the subject from earlier this year:

Last year you needed an annual income of $100K to be a middle class citizen. This year you are going to need $200K and next year it is liable to be $500K.

and another from last year:

It's now reached the point that a first-class, middle-class lifestyle in America requires pert near $200K a year. It wasn't too long ago that I was thinking that it 'only' required $100K per year.

In other news Argentina has a new far-right President and the rate of inflation which has been ridiculous since forever has collapsed. Okay, it hasn't collapsed, but it's slowed down a bit.

Inflation Rate in Argentina averaged 190.18 percent from 1944 until 2024, reaching an all time high of 20262.80 percent in March of 1990 and a record low of -7.00 percent in February of 1954. 

Via Midwest Chick


 

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