return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 3 days agoStudy: Hopeful homebuyers need income of nearly $117,000 to afford typical home in U.S.www.bankrate.comexternal-linkmessage-square28fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkStudy: Hopeful homebuyers need income of nearly $117,000 to afford typical home in U.S.www.bankrate.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 3 days agomessage-square28fedilink
minus-squareHubertManne@piefed.sociallinkfedilinkEnglisharrow-up0·3 days ago10X!!! thats like $5/hr full time. Thats illegal everywhere I know of.
minus-squareLandless2029@lemmy.worldlinkfedilinkarrow-up0·2 days agoThere’s also take home pay after taxes and expenses vs gross.
minus-squareHubertManne@piefed.sociallinkfedilinkEnglisharrow-up0·2 days agoIm pretty sure the article is gross pay.
minus-squareLandless2029@lemmy.worldlinkfedilinkarrow-up0·2 days agoI wasn’t clear. The article calls out annual household income. Meaning that could be combined income. A single person making 120k and couple making 60k x2 is not equivalent. Health insurance and living expenses creep up.
minus-squareBroadfern@lemmy.worldlinkfedilinkEnglisharrow-up0·3 days agoGross income (before taxes) for US federal minimum wage is $15,080 for full-time. So, close to 10x less.
minus-squareHubertManne@piefed.sociallinkfedilinkEnglisharrow-up0·3 days agomy mistake. my states is like twice that and the region I am around near the city is higher. Did not realize the federal was still so low.
minus-squareReallyActuallyFrankenstein@lemmynsfw.comlinkfedilinkEnglisharrow-up0·2 days agoFederal minimum wage was last raised to $7.25 per hour effective July 24, 2009. It’s a good thing that was definitely a livable wage in 2009 and that there hasn’t been any inflation since then.
10X!!! thats like $5/hr full time. Thats illegal everywhere I know of.
There’s also take home pay after taxes and expenses vs gross.
Im pretty sure the article is gross pay.
I wasn’t clear.
The article calls out annual household income. Meaning that could be combined income.
A single person making 120k and couple making 60k x2 is not equivalent. Health insurance and living expenses creep up.
Gross income (before taxes) for US federal minimum wage is $15,080 for full-time. So, close to 10x less.
my mistake. my states is like twice that and the region I am around near the city is higher. Did not realize the federal was still so low.
Federal minimum wage was last raised to $7.25 per hour effective July 24, 2009.
It’s a good thing that was definitely a livable wage in 2009 and that there hasn’t been any inflation since then.