Here is a must read post from
The Left Coaster. The affluent class in America doesn't have a clue what life is like in the middle, much less the lower half of the the median income. I previously posted on an basic budget for a family of four living at the
poverty line. It's apparent that survival with normative American expectations isn't possible. Keep a roof overhead and food on the table is the entire focus.
Now we see that an near the median American income in the US can't provide for retirement. (
U.S. median income for 2003 is $43,318.)
[Monthly Totals for a hypothetic man making $40,000 living in San Deigo, CA.]
Gross $769.23
Taxes $182.72
Rent $285.00
Utils $124.56
_____________
Net $176.95
There is yet no provision for a car, a phone, food, entertainment, [medical] or other personal expenses.
No comments:
Post a Comment