$50,000 Average
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@jon-nyc said in $50,000 Average:
I think your overall point is taken, Jolly. But my only point was that much of that 50 is a choice.
Still, the employee on 15/HR isn’t buying a new Civic either.
@jon-nyc said in $50,000 Average:
I think your overall point is taken, Jolly. But my only point was that much of that 50 is a choice.
Still, the employee on 15/HR isn’t buying a new Civic either.
I dunno.
How much of it is choice? Everybody isn't as smart as Jon or even George.
Some people, even with hard work, are finding it increasingly hard to get ahead with an "average" job, IMO.@Jolly said in $50,000 Average:
How much of it is choice? Everybody isn't as smart as Jon or even George.
Some people, even with hard work, are finding it increasingly hard to get ahead with an "average" job, IMO.The army won't even take people in the bottom 15% in their aptitude test. There are 10s of millions of adult americans who are not able to work jobs of any complexity. These people are never talked about, because there's no such thing as intelligence. So they're all f*cked.
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@jon-nyc said in $50,000 Average:
I think your overall point is taken, Jolly. But my only point was that much of that 50 is a choice.
Still, the employee on 15/HR isn’t buying a new Civic either.
@jon-nyc said in $50,000 Average:
I think your overall point is taken, Jolly. But my only point was that much of that 50 is a choice.
Still, the employee on 15/HR isn’t buying a new Civic either.
I dunno.
How much of it is choice? Everybody isn't as smart as Jon or even George.
Some people, even with hard work, are finding it increasingly hard to get ahead with an "average" job, IMO.@Jolly said in $50,000 Average:
How much of it is choice? Everybody isn't as smart as Jon or even George.
Some people, even with hard work, are finding it increasingly hard to get ahead with an "average" job, IMO.We have a friend who had a pretty dysfunctional upbringing, and was pretty much abandoned by his parents, and now works for slightly more than minimum wage at a supermarket. I have no idea how he gets by. He's not stupid by any means, but is never going to fit into a regular company just because of how he is. He can't afford a car, or a house, and every month is a challenge. It's actually quite heartbreaking.
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@jon-nyc said in $50,000 Average:
I think your overall point is taken, Jolly. But my only point was that much of that 50 is a choice.
Still, the employee on 15/HR isn’t buying a new Civic either.
@jon-nyc said in $50,000 Average:
I think your overall point is taken, Jolly. But my only point was that much of that 50 is a choice.
Still, the employee on 15/HR isn’t buying a new Civic either.
I dunno.
How much of it is choice? Everybody isn't as smart as Jon or even George.
Some people, even with hard work, are finding it increasingly hard to get ahead with an "average" job, IMO.@Jolly said in $50,000 Average:
Some people, even with hard work, are finding it increasingly hard to get ahead with an "average" job, IMO.
Why would you expect one with an “average” job to “get ahead”?
(Ahead of what?)
Would it not be more sensible to expect one with an “average” job to be “average”? -
@Jolly said in $50,000 Average:
Some people, even with hard work, are finding it increasingly hard to get ahead with an "average" job, IMO.
Why would you expect one with an “average” job to “get ahead”?
(Ahead of what?)
Would it not be more sensible to expect one with an “average” job to be “average”?@Axtremus said in $50,000 Average:
@Jolly said in $50,000 Average:
Some people, even with hard work, are finding it increasingly hard to get ahead with an "average" job, IMO.
Why would you expect one with an “average” job to “get ahead”?
(Ahead of what?)
Would it not be more sensible to expect one with an “average” job to be “average”?Nope.
Not average in today's expectations.
Case-in-point...J.A. lived up the road about a half-mile from my mom and dad. His was a one-income household. He kept a pretty good car...He bought more than one 4-door Skylark from my dad. He even had an old wreck of a pickup to go fishing in or to haul a load of firewood. He lived in an older home that he bought and then put a lot of sweat into the rehab, as he could afford it. His wife, Elaine, was a homemaker, raising heir two children. Every now and then, you might hear of him doing a small side-hustle or his wife doing some ironing.
But that was it.
Oh, they had a vegetable garden like most folks. A few chickens to eat the table scraps. They ate pretty decent, but I wouldn't be surprised if an occasional supper was peas and cornbread, with a fresh sliced tomato.
No, they ate okay, they were dressed clean and neat. J.A. would wear a jacket and tie to church, or maybe even a suit. Wife would have a new frock from J.C. Penney's every now and then. Kids dressed like the rest of us in shirts and jeans.
J.A. worked as a counter man in a local auto parts store. As far as I know, that's all he ever did.
Try that today.
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https://www.washingtonpost.com/business/2023/04/05/car-loan-rates-payments/
Based on Q1 2023 USA data, for new cars:
Average price was $47.6k.
Average financing amount is over $40k.
Average financing term length was over 69 months.And then there is this blurb:
In February, 44.2 percent of new vehicles purchased had a trade-in, and 18 percent of those trade-ins had negative equity, meaning they owed more on the car than it was worth.It seems those buyers just roll the "negative equity" over to the new car loan.
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It all has to be paid for eventually.
And the subject of used cars came up in this thread.
Anybody priced used cars, lately?
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It all has to be paid for eventually.
And the subject of used cars came up in this thread.
Anybody priced used cars, lately?
@Jolly said in $50,000 Average:
Anybody priced used cars, lately?
We had to get Mrs. Phibes a car last month. It was cheaper to lease a new one than buy a used one, but the experience was interesting. One sales weasel told us there was absolutely no way we'd be able to find a car, and we should sign up and pay a deposit in order to be able to pick one up in a couple of months due to 'supply chain issues'. The next place said we could drive home in the one that was fresh off the dock, so we did that.
It would have been less than $20K to buy new, incidentally. Not exactly top of the line, but not horrendously expensive, either.
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In all seriousness, I'm surprised you found anything new for $20k.
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@Jolly said in $50,000 Average:
In all seriousness, I'm surprised you found anything new for $20k.
We leased it, so admittedly the final cost might have been more than that, but the MSRP is less than $20K.
