7/5 "All we really want is to get paid and get laid."
http://www.csua.org/u/j35 (Yahoo Business)
\_ "How much money buys happiness? A wide body of research suggests the
number is approximately forty thousand dollars a year." Uh, the
poverty line in SF is $60K/year. Maybe 40K a year will buy you
everything you need in hick states.
\_ No the poverty line is not 60K.
\_ Maybe you don't need what you think you need.
\_ Start with $40k. Tax it (fed, state, sales, etc): $25k.
Subtract rent for $1k/month dump: $13k.
Subtract $1k/month for Food+utilities+life misc: $1k.
Cool. You now have $1k in your pocket at the end of the
year. Way to live the good life. How's that retirement
plan going?
\_ 1. You are way off on your taxes.
\_ Ok, give us your numbers then. All taxes.
\_ 30K or so. Sales tax isn't fair cause it's
not part of your rent and you are counting that
into the daily living expenses.
\_ Ok fine sales taxes are in other things. Adding
5K/yr back isn't that much. I had you in a
$1k/month rental. That rental could easily and
fairly be a lot higher, it would still be a dump
and you'd be at the same post-rent level.
2. 40k in the city, you are going to need to budget, yeah.
If you are spending 1k/month on general stuff you
are probably overspending.
\_ Food+utilities+clothes+transport+whatever else you
do with your life not adding to $1k? Ooookkaaaayy.
\_ Dude right now I'm at about 1K/month for life
expenses. I get out. I do stuff, I eat out
at nice places. 1K/month is plenty for general
happiness. That goes double when outside of
the Bay Area. You do realize that people outside
of the BA buy houses with incomes around 40k.
\_ So how's your retirement plan going? What
happens if you lose your job and it takes a
month to find a new one? 3 months? 6+ months?
\_ You know that median income in the Bay Area is
less than $40k/yr, right? Somehow most people
manage to get by on an income you think is
impossible.
\_ The other person below says it is $60k.
\_ Median per capita income is $30k, household
(family) income is $62k.
http://www.csua.org/u/j3d
3. Yeah, living in the second or third most expensive
area in the country you probably need to add a bit
to the numbers given in a fluff journalism piece.
\_ I wasn't the one who said you could do it in SF for
$40k. I was only responding.
\_ 40k is journalism fluff for no frills middle
class. Not having to worry how you will pay
rent. Not having to worry about every dollar
you spend. It doesn't mean being able to buy
anything you want.
\_ I didn't say it did. I don't know where you're
going with this line of reasoning.
4. One of the points of the article is that having that
extra money, while nice, generally doesn't make
people happier. It buys people nice toys but that
doesn't really lead to long term happiness.
\- having to worry less about "if my car/kid needs
$2k/$10k in repairs" does make life better.
\_ I've lived for a long time on a lower middle
class wage. You know what, I didn't spend my
time worrying about what if my car broke down.
The only real sacrifice that I had to make that
ever bugged me was lack of health insurance for
a year, and that was something I porbably could
have gotten if I was willing to make a few cuts
in my spending.
\_ If your car or your leg broke you would have
worried a lot more about it.
\_ As I said, health insurance worried me.
The car, on the other hand, was a <5K
beater. It got me from A to B. If it
needed 5K in repairs I would have just
gotten another car. That I could afford.
\_ So you have no health insurance, a
broken leg would ruin you and when your
car breaks you're wiped out. Maybe
that's ok when you're 23 and can live on
a friend's couch for a while or your
mom's basement but that's not living.
We haven't even talked about marriage or
kids and you skipped my comments on
retirement. I don't think working until
the day you die is living. Maybe that's
ok for you, but count me out of that
plan, thanks.
\_ As I said before, lack of health
insurance WAS something that bothered
me. It just wasn't something I dealt
with. Instead I let it bug me until
I got a better job that had health
insurance.
\_ Median household income in the Bay
Area is $62k. That is how most people
have to live. Count yourself blessed.
\_ You read the part where we're
talking about $40k in SF, not $62k
in the Bay Area, right? Also, the
above person says it is below
$40k. Can you two get together on
this? I'm not going to respond to
two drastically different numbers
at the same time as if both were
true.
\_ Do you know the difference
median and average?
\_ Sorry, should have said median
fixed.
\_ In the City of SF, median
household income is even lower.
Don't get confused between
per capita and household income. |