pull down to refresh

The Cost of Moving Out of Your Parents’ House
238 sats \ 1 comment \ @0xbitcoiner 13h charts_and_numbers
Moving out can be a milestone of independence, but it comes at a steep cost. This chart tallies the monthly expenses facing young adults in the U.S. who leave the family home. From rent and student loans to car payments and groceries, the numbers show how quickly a paycheck disappears.
The data for this visualization comes from various sources, including the U.S. Bureau of Labor Statistics, Zillow, KFF, Nerd Wallet and CNBC. It breaks down typical monthly expenses and compares them to average earnings for people aged 25 to 34.
đź”— visualcapitalist.com
write
preview
related posts
134 sats \ 0 replies \ @guerratotal 13h
That's the United States. Now imagine a Cuban or a Venezuelan migrant leaving our country with just a suitcase containing a few clothes and a huge dream: to be free.
I think the big problem isn't the expenses they have, but how they invest their time and energy. For many of us migrants (myself, for example), I studied a university degree in Cuba, and here in Brazil, where I live now, where I'm working, it has nothing to do with my degree. I mean, it served me to perhaps deepen my knowledge, perhaps improve myself, but really, at this point, it was 5 wasted years of my life, plus 2 that I had to give to the government for them giving me that degree "for free," so 7 years in total.
The job I have here is a very good company, and I was chosen for my skills, not because I had a college degree. Many people go into debt for having that old-fashioned university status, which is not valued much these days, but rather skills. And today, a young person watching YouTube videos can learn and almost complete a university degree.
On the other hand, leaving my parents' house is the bravest thing I've ever done. It was marrying my wife and leaving home at the same time. She was still studying at university and I had just graduated... together we got ahead... and after having our first child, we gained courage and left Cuba for Brazil.
Also, in addition to university debt, young people have little financial literacy and either go into debt or spend more than they earn. They prefer to buy a newer car instead of a slightly cheaper one.
reply