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31 sats \ 14 replies \ @Undisciplined 23 May 2024 \ on: The Income a Family Needs to Live Comfortably in Every U.S. State econ
That's preposterous.
At first I thought so too, but then I looked into what they consider to be comfortable.
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That's the part that's preposterous.
At the risk of doxxing myself, I live in one of those places and make quite a bit less than the amount supposedly needed to live comfortably.
We're so abundantly comfortable, that we're considering downsizing a bit in order to gain a bit more land-use freedom.
This just reeks of what a bunch of whiny entitled narcists Americans have become.
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Person who created this definitely lives in NY and goes out to dinner 7 times a week and spends 4k a month on rent for a 500sqft apartment.
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It's so insane. We're the richest people in the history of the world and yet somehow only the top 10% of us are even comfortable.
How did this word even come into being, if it describes something that basically never existed until very recent history?
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My thoughts exactly @Undisciplined and @grayruby.
Due to the free market, technology advancement, and more human freedom for more people we live very well. Even the poor in the US have it better than the poor during the great depression.
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Is this source more in line with reality?
This map does not include discretionary spending or savings/investments (50%).
This paper presents the methodology and data sources used in the 2024 update of the Economic Policy Institute’s Family Budget Calculator. EPI’s Family Budget Calculator measures the monthly income a family needs in order to attain a modest yet adequate standard of living. The budgets estimate community-specific costs for 10 family types (one or two adults with zero to four children). Compared with the federal poverty line and the Supplemental Poverty Measure, EPI’s family budgets provide a more accurate and complete measure of economic security in America.The budget calculator draws upon the most recent reliable data, which in many instances is data for 2023. If 2023 data were unavailable, we used data from the latest available year inflated to 2023 dollars with the budget-item-appropriate inflator. The calculator now includes data for all 3,143 U.S. counties and county equivalents and for all 613 HUD FMR metropolitan areas. Other specific changes to the methodology of individual components of the family budget calculator are noted within the description of each component.Economic Policy Institute https://www.epi.org/publication/family-budget-calculator-documentation/
it describes something that basically never existed until very recent history?
Good point.
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🤐
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