Current Events > I hate posts like 'if you can't live off 80k/yr you're bad with money'

(+) Yeah! (+)

1. That is highly dependent on geography
2. Contributing to retirement shouldnt be a luxury
3. Once you get used to skimping, you guys dont know what youre missingsome luxury things should be essential
4. I dont want to wear clothes from wal mart

Note: Ive seen the X amount range anywhere from 30k to 100k

For me personally, yes, I would be terrible with money if I couldn't live off of that. I'm fully aware that is not a lot of money for some people. If I lived in Los Angeles or New York, I might struggle even with that much.

Yeah where I live $100,000 is not a lot of money

No_U_L7 posted...

some luxury things should be essential
4. I dont want to wear clothes from wal mart

Lol

DuranOfForcena posted...

yeah shut the fuck up

don't spend $5k on a table for a New Year's party and you won't have issues living off of 80k/yr

Whatif I only made 80k I wouldnt spend anything on a table. But it was divided by 5 so it was 1kfor a special occasion that is well within my budget

Eramir posted...

Yeah where I live $100,000 is not a lot of money

Same

g980 posted...

Lol

Once youve worn Lululemon you dont go back

lol 80K is way more than enough to live comfortably in a good safe area with all you need. I get we all only live once but you are entitled as hell TC.

I live on 18k(13.6kUSD)/year

If you can't live off 80k/year you are BEYOND bad with money

Number090684 posted...

lol 80K is way more than enough to live comfortably in a good safe area with all you need. I get we all only live once but you are entitled as hell TC.

Please define safe

Remember that I and many others are minoritiesthere was a time I wouldnt had even felt safe living in New York let alone the south

Even in California I routinely get racist comments

And Im from cali, so if youre saying I should move away from my family because Im entitled

MarthGoomba posted...

I live on 18k(13.6kUSD)/year

If you can't live off 80k/year you are BEYOND bad with money

Cool, where do you live? How comfortably do you live? When do you plan on retiring?

Is that what you get paid for lame posting here

For 95%+ of the country, $80k is the high life for a single person.

Fyi 80k isnt the bar for discussion here, it was just the latest example Ive heard

My point is the list of 4 in the OP, which I dont think anyone can disagree with

MarthGoomba posted...

I live on 18k(13.6kUSD)/year

If you can't live off 80k/year you are BEYOND bad with money

Eh, that's more like "survive", not "live". Also, we're missing some context here. Like what's your housing situation? Do you pay for health insurance? Are you able to save any money?

Eramir posted...

Yeah where I live $100,000 is not a lot of money

This.

If you have no children or other dependents and are healthy, $80k is plenty to live on even in the most expensive cities in the US. In the cheapest cities, you can live extremely well. Even $30k is enough to enjoy some luxuries if you're willing to live with roommates.

Jabraham posted...

If you have no children or other dependents and are healthy, $80k is plenty to live on even in the most expensive cities in the US. In the cheapest cities, you can live extremely well. Even $30k is enough to enjoy some luxuries if you're willing to live with roommates.

Youre missing the entire point of the topic, you are actually agreeing with me without realizing it. Roommates fall under Point #3-once youve lived alone you will probably never want roommates ever again

Although 80k isnt enough in cali or nyc and borderline in Vegas or Miami

Agreed TC. The people who make statements like that are usually applying that money specifically to their situation. Not everyone has the same circumstances

I don't get 80k a year, not even close to that. Even if I save up the whole year without spending.

supermichael11 posted...

I don't get 80k a year, not even close to that. Even if I save up the whole year without spending.

And?

GATTJT posted...

And?

I don't know what else to say.

NoxObscuras posted...

Agreed TC. The people who make statements like that are usually applying that money specifically to their situation. Not everyone has the same circumstances

This

I know the typical wage laborer in the United States isn't being paid enough.

i would need more than that to afford a luxury condo

Many members in GameFAQs makes so much money, which is good. Sadly I am not one of those members.

It feels bad, feels like I am inferior compared to many members.

You cant own a house in the city off that for quite some time where I live, let alone have a family, car, incidentals, etc

No_U_L7 posted...

Youre missing the entire point of the topic, you are actually agreeing with me without realizing it. Roommates fall under Point #3-once youve lived alone you will probably never want roommates ever again

Although 80k isnt enough in cali or nyc and borderline in Vegas or Miami

I don't think people are entitled to live alone, so we'll have to agree to disagree on that.

I'm also skeptical that you can't live alone on $80k in CA or NYC. Maybe not in Manhattan or in SF, but you should be able to find a place a little further out.

I'm now curious what kinds of things you consider essential that others would consider a luxury.

The majority of the country survives on considerably less than that. You ARE bad with money if you can't live off of $80k/y

reincarnator07 posted...

The majority of the country survives on considerably less than that. You ARE bad with money if you can't live off of $80k/y

I dont live where the majority of the country doesI live in cali

GATTJT posted...

And?

And he's still alive, so the topic is dumb.

Jabraham posted...

I don't think people are entitled to live alone, so we'll have to agree to disagree on that.

I'm also skeptical that you can't live alone on $80k in CA or NYC. Maybe not in Manhattan or in SF, but you should be able to find a place a little further out.

I'm now curious what kinds of things you consider essential that others would consider a luxury.

moving further out increases the chances of needing 1 or 2 cars, depending on your fam situation. Just added expenses.

reincarnator07 posted...

The majority of the country survives on considerably less than that. You ARE bad with money if you can't live off of $80k/y

Sustenance isn't living.

Masked-One posted...

And he's still alive, so the topic is dumb.

Only reason I am fine is because I live with my parents, I can't afford to rent a studio. Buying a house is impossible with my pay.

I think people like TC, and most of the middle/upper middle class, just have no concept of how the majority of Americans live. So out of touch.

Jabraham posted...

I don't think people are entitled to live alone, so we'll have to agree to disagree on that.

I'm also skeptical that you can't live alone on $80k in CA or NYC. Maybe not in Manhattan or in SF, but you should be able to find a place a little further out.

I'm now curious what kinds of things you consider essential that others would consider a luxury.

To name a few: being able to heat/cool the house without worries about how it impacts the utility bill, a few streaming services, stretchy pants (youd be surprised how many people wear 100% cotton pants), not splitting the bill on dates

People also fail to realize that even at 80k youre paying a ton in taxesyoure not getting the 6.66k it maths out to be. Hell, I make more than 60% more than 80k and my take home isnt even 6k

No_U_L7 posted...

To name a few: being able to heat/cool the house without worries about how it impacts the utility bill, a few streaming services, stretchy pants (youd be surprised how many people wear 100% cotton pants), not splitting the bill on dates

Those are all relatively cheap. I'm still not sure how you wouldn't be able to afford that on $80k/yr, even in CA.

Jabraham posted...

Those are all relatively cheap. I'm still not sure how you wouldn't be able to afford that on $80k/yr, even in CA.

How much do you think homes/rent costs here

No_U_L7 posted...

I dont live where the majority of the country doesI live in cali

The median household income in CA is just over $80k. That means that absolutely tons of people are living off of less than that in CA specifically. My point stands

Tyranthraxus posted...

Sustenance isn't living.

I said people survived on way less than $80k. You simply are not at the sustenance level at $80k unless you're worse with money than Musk.

I have kids and also child support so $80k would not be enough. But I know much of CE can't even fathom people with kids.

reincarnator07 posted...

The median household income in CA is just over $80k. That means that absolutely tons of people are living off of less than that in CA specifically. My point stands

I said people survived on way less than $80k. You simply are not at the sustenance level at $80k unless you're worse with money than Musk.

Youre including a lot of backwoods areas where Id get murdered

DuranOfForcena posted...

are you under the impression that the cost of living everywhere in california is the same as the cost of living in LA or SF

See above

No_U_L7 posted...

How much do you think homes/rent costs here

I've lived in the Bay Area, so I'm well aware of the housing costs. Still, on a budget of $2000/month, you can find places to live alone, and you can probably find better accommodations for less money if you have roommates.

As someone who was broke ass borderline homeless poor(and actually do at one point) growing up... Where and how you live makes a WORLD of difference.

I couldn't make it where I grew up around Chicago, I just couldn't get ahead with my situation as it was. So I left to one of those states no one ever talks about. I very comfortably managed to live off of 12k a year in the beginning. It's been about a decade there now and I've gotten my life completely in order, saved every scrap of cash I could, and will likely be moving out within a year or so to a better job market.

A lot of the time, suffering is a choice you have no idea you're making. The pressure to keep up and fit in when you desperately need to look out for yourself is a easy trap.

Simple fact is, there's a lot of factors. If I made 80k here I would probably be living like a goddamn king lol, but it's also just not feasible everywhere out there.

reincarnator07 posted...

The majority of the country survives on considerably less than that. You ARE bad with money if you can't live off of $80k/y

The majority of is the country lives paycheck to paycheck.

And in 2021, a survey showed that for adults between ages 25 and 34, only 11.7% of men and 9% of women lived alone. I believe that it's because millennials are struggling to survive while living alone.

No_U_L7 posted...

Although 80k isnt enough in nyc

Yes it is. You can live well on that by yourself in NYC, you can contribute 10% to your 401K and your take home pay would be a little more than $50K. That's over $4K a month to pay rent, food, entertainment, etc.

DuranOfForcena posted...

are you under the impression that everywhere in california outside of LA or SF are places where minorities would get murdered as a matter of course

Where did I say that

But everywhere livable in CA has a high COL

Jabraham posted...

I've lived in the Bay Area, so I'm well aware of the housing costs. Still, on a budget of $2000/month, you can find places to live alone, and you can probably find better accommodations for less money if you have roommates.

First, I dont consider living alone a luxury. Then you can always argue to get more roommates and just continually split the rentwhat 5 times?

Im 36, Im not living with a roommate

2k isnt enough. You can rent off that, but mortgage is higher. Unless you want to live in the suburbs but who wants to do that

And I dont even think you can reach 2k budget for rent on 80k/year, especially not if youre contributing to retirement

For the record, my mortgage and HOA is 3k/month