AFK BRB Chocolate (CA version)

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Joined 3 years ago
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Cake day: July 10th, 2023

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  • I live in the US, in Southern California, which is one of the more expensive parts of the country. $2k a month isn’t a lot in that it would be hard to live on it, but I made pretty decent money before I retired and it’s more than I could have comfortably given away.

    Remember that anyone here talking about hourly wages is talking about gross income and not net income, and if you give money away it comes out of net income.

    Let’s say someone was making $100 an hour, which is $200k a year, and fairly decent money. That’s $16.6k a month. But after taxes that’s more like $10k. Most people making that kind of money have a mortgage, car payments, home and car insurance. Also, employer sponsored medical usually only pays like two thirds of the insurance costs. And they likely have money coming out of their check into a retirement account. So the disposable income is going to be a lot less and $2k isn’t going to be a trivial percentage.

    But if the person is making, say, twice that amount, then it’s starting to be more trivial. Not a ton of people are making $400k or more a year.