$50,000 Average
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@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
wrote on 4 Apr 2023, 18:22 last edited by@Jolly said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
Read somewhere that the median is closer to $70k in 2021.
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@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
wrote on 4 Apr 2023, 18:26 last edited by@Jolly said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
OK. She doesn't clarify what she means by 'average'. I was being deliberately misleading by quoting the mean salary, when it's really the median that we should look at.
Still, the point stands. If you can't afford a brand new $50K car, there are plenty of other options. I've never spent that much on a car in my life. When we first came to the US, and lived in a rented apartment block, I was surprised by how many people there seemed to drive really nice cars. I guess it's a priority decision - you can rent an apartment and drive a BMW, but why would you?
This isn't to say that lower paid folk don't have it tough, but not being able to afford a 50 grand car probably isn't their biggest problem.
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@Jolly said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
OK. She doesn't clarify what she means by 'average'. I was being deliberately misleading by quoting the mean salary, when it's really the median that we should look at.
Still, the point stands. If you can't afford a brand new $50K car, there are plenty of other options. I've never spent that much on a car in my life. When we first came to the US, and lived in a rented apartment block, I was surprised by how many people there seemed to drive really nice cars. I guess it's a priority decision - you can rent an apartment and drive a BMW, but why would you?
This isn't to say that lower paid folk don't have it tough, but not being able to afford a 50 grand car probably isn't their biggest problem.
wrote on 4 Apr 2023, 19:55 last edited by@Doctor-Phibes said in $50,000 Average:
@Jolly said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
OK. She doesn't clarify what she means by 'average'. I was being deliberately misleading by quoting the mean salary, when it's really the median that we should look at.
Still, the point stands. If you can't afford a brand new $50K car, there are plenty of other options. I've never spent that much on a car in my life. When we first came to the US, and lived in a rented apartment block, I was surprised by how many people there seemed to drive really nice cars. I guess it's a priority decision - you can rent an apartment and drive a BMW, but why would you?
This isn't to say that lower paid folk don't have it tough, but not being able to afford a 50 grand car probably isn't their biggest problem.
Lad, you're missing another point...leases.
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@Doctor-Phibes said in $50,000 Average:
@Jolly said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
OK. She doesn't clarify what she means by 'average'. I was being deliberately misleading by quoting the mean salary, when it's really the median that we should look at.
Still, the point stands. If you can't afford a brand new $50K car, there are plenty of other options. I've never spent that much on a car in my life. When we first came to the US, and lived in a rented apartment block, I was surprised by how many people there seemed to drive really nice cars. I guess it's a priority decision - you can rent an apartment and drive a BMW, but why would you?
This isn't to say that lower paid folk don't have it tough, but not being able to afford a 50 grand car probably isn't their biggest problem.
Lad, you're missing another point...leases.
wrote on 5 Apr 2023, 00:04 last edited by@Jolly said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
@Jolly said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Some interesting stats...
https://www.indeed.com/career-advice/pay-salary/average-salary-in-us
OK. She doesn't clarify what she means by 'average'. I was being deliberately misleading by quoting the mean salary, when it's really the median that we should look at.
Still, the point stands. If you can't afford a brand new $50K car, there are plenty of other options. I've never spent that much on a car in my life. When we first came to the US, and lived in a rented apartment block, I was surprised by how many people there seemed to drive really nice cars. I guess it's a priority decision - you can rent an apartment and drive a BMW, but why would you?
This isn't to say that lower paid folk don't have it tough, but not being able to afford a 50 grand car probably isn't their biggest problem.
Lad, you're missing another point...leases.
Well, sure, they're a bit cheaper. It's still a matter of priorities. A lease on BMW isn't cheap, whatever they say in the commercials.
My point is that nobody actually needs a $50,000 car. They might want one, but they don't need it. Particularly if they're earning $20/hr.
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wrote on 5 Apr 2023, 01:09 last edited by
Explain that to these people...
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Explain that to these people...
wrote on 5 Apr 2023, 01:24 last edited by Doctor Phibes 4 May 2023, 01:26@Jolly said in $50,000 Average:
Explain that to these people...
Right, so the poorest town in America has people who can't afford a brand new car. Who would have imagined such a thing?
Were they really rich until Joe Biden became President? I'm assuming that's the point of this discussion, because you don't normally have much sympathy for people earning minimum wage and their inability to live the American Dream,
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The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
wrote on 5 Apr 2023, 01:35 last edited by jon-nyc 4 May 2023, 01:36@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Mean /= median.
If Bill Gates walks into a soup kitchen the average net worth might go from $25 to $40MM. The median stays at $25.
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@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Mean /= median.
If Bill Gates walks into a soup kitchen the average net worth might go from $25 to $40MM. The median stays at $25.
wrote on 5 Apr 2023, 01:40 last edited by Doctor Phibes 4 May 2023, 01:45@jon-nyc said in $50,000 Average:
@Doctor-Phibes said in $50,000 Average:
The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.
Mean /= median.
If Bill Gates walks into a soup kitchen the average net worth might go from $25 to $40MM. The median stays at $25.
Yes, I know - that was my point earlier. The term 'average' is imprecise. The article Jolly quoted doesn't say which average she is using, and neither did the car article. The price of an average car isn't necessarily the same as the average price of a car.
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wrote on 5 Apr 2023, 01:47 last edited by
Do y'all even know any average folk?
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wrote on 5 Apr 2023, 02:05 last edited by
Yes. Do you not?
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wrote on 5 Apr 2023, 02:21 last edited by Doctor Phibes 4 May 2023, 02:22
@Jolly said in $50,000 Average:
Do y'all even know any average folk?
Median?
Because I know a whole bunch of mean people.
We East Coast elite types have servants who meet average people on our behalf.
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wrote on 5 Apr 2023, 02:49 last edited by
@Axtremus said in $50,000 Average:
Yes. Do you not?
Are you friends with anybody that makes $30k/yr?
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@Axtremus said in $50,000 Average:
Yes. Do you not?
Are you friends with anybody that makes $30k/yr?
wrote on 5 Apr 2023, 03:04 last edited by@Jolly said in $50,000 Average:
@Axtremus said in $50,000 Average:
Yes. Do you not?
Are you friends with anybody that makes $30k/yr?
At the risk of a flex, I'd say income diversity is pretty high among the folks I hang out with regularly.
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@Axtremus said in $50,000 Average:
Yes. Do you not?
Are you friends with anybody that makes $30k/yr?
wrote on 5 Apr 2023, 11:26 last edited by Doctor Phibes 4 May 2023, 11:26@Jolly said in $50,000 Average:
@Axtremus said in $50,000 Average:
Yes. Do you not?
Are you friends with anybody that makes $30k/yr?
How is that average? The median wage in Massachusetts is about $65K.
But yes, as it happens.
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wrote on 5 Apr 2023, 14:16 last edited by Jolly 4 May 2023, 14:27
I'm not shocked, but I am a little surprised.
The gist of this thread is about how buying a new car is becoming increasingly difficult for working people. $15/hr is a hair over $31,000/year, provided a person works 40 hour weeks and has some sort of PDO to address an occasional sick day or a few vacation days. Maybe it's because I live in a poorer state, but I know a good many working people that make that kind of money or just a bit more.
Even with both parents working, with one maybe having a bit better job, that's not an easy life. It may be middle class, but it's on the lower level. It's hard to find a home down here in a decent school district for less than $200k. Something like a Santa Fe or an Equinox is $30k, if you can find a base model (hard to find base models right now). Throw in the current interest rate, cost of food, cost of insurance, energy bills and just everyday life, it's hard on that family.
But let's go back to the single person making $30k. One BR apartment is $800/month or more. Even an econobox is $25k after taxes (again, if you can find a base model). Throwin food, fuel, energy costs and everyday expenses...I think $30k/year just barely gets you into the middle class.
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wrote on 5 Apr 2023, 14:19 last edited by
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.
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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.
wrote on 5 Apr 2023, 14:32 last edited by@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. -
wrote on 5 Apr 2023, 14:35 last edited by
When I say “much of the 50k is a choice” I mean that most people don’t need to spend that much in a new car but do so to satisfy preferences above and beyond need.
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I'm not shocked, but I am a little surprised.
The gist of this thread is about how buying a new car is becoming increasingly difficult for working people. $15/hr is a hair over $31,000/year, provided a person works 40 hour weeks and has some sort of PDO to address an occasional sick day or a few vacation days. Maybe it's because I live in a poorer state, but I know a good many working people that make that kind of money or just a bit more.
Even with both parents working, with one maybe having a bit better job, that's not an easy life. It may be middle class, but it's on the lower level. It's hard to find a home down here in a decent school district for less than $200k. Something like a Santa Fe or an Equinox is $30k, if you can find a base model (hard to find base models right now). Throw in the current interest rate, cost of food, cost of insurance, energy bills and just everyday life, it's hard on that family.
But let's go back to the single person making $30k. One BR apartment is $800/month or more. Even an econobox is $25k after taxes (again, if you can find a base model). Throwin food, fuel, energy costs and everyday expenses...I think $30k/year just barely gets you into the middle class.
wrote on 5 Apr 2023, 14:49 last edited by Doctor Phibes 4 May 2023, 14:58@Jolly said in $50,000 Average:
I'm not shocked, but I am a little surprised.
The gist of this thread is about how buying a new car is becoming increasingly difficult for working people. $15/hr is a hair over $31,000/year, provided a person works 40 hour weeks and has some sort of PDO to address an occasional sick day or a few vacation days. Maybe it's because I live in a poorer state, but I know a good many working people that make that kind of money or just a bit more.
Even with both parents working, with one maybe having a bit better job, that's not an easy life. It may be middle class, but it's on the lower level. It's hard to find a home down here in a decent school district for less than $200k. Something like a Santa Fe or an Equinox is $30k, if you can find a base model (hard to find base models right now). Throw in the current interest rate, cost of food, cost of insurance, energy bills and just everyday life, it's hard on that family.
But let's go back to the single person making $30k. One BR apartment is $800/month or more. Even an econobox is $25k after taxes (again, if you can find a base model). Throwin food, fuel, energy costs and everyday expenses...I think $30k/year just barely gets you into the middle class.
Sorry, I probably end up arguing for the sake of it sometimes. I'm not disputing the concern - my kids are going to hit this fairly soon. I have no idea how they're going to be able to live independently once they graduate and get starting jobs.
Cars are expensive. Houses are even worse, particularly around here. Even when we moved here 20 years ago we really struggled to find an affordable house and ended up with something quite a bit t smaller than we'd planned for when we left Canada.
It could be worse - Canadian housing has gone nuts. The house we bought for $135K in Ontario in 200o is going for about $700K now.
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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.wrote on 5 Apr 2023, 14:49 last edited by@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.