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The New Coffee Room

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  3. $50,000 Average

$50,000 Average

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  • JollyJ Jolly

    @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.

    Doctor PhibesD Offline
    Doctor PhibesD Offline
    Doctor Phibes
    wrote on last edited by
    #10

    @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.

    I was only joking

    1 Reply Last reply
    • JollyJ Offline
      JollyJ Offline
      Jolly
      wrote on last edited by
      #11

      Explain that to these people...

      https://247wallst.com/special-report/2023/04/03/this-small-town-in-louisiana-has-the-lowest-median-income-in-america/

      “Cry havoc and let slip the DOGE of war!”

      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

      Doctor PhibesD 1 Reply Last reply
      • JollyJ Jolly

        Explain that to these people...

        https://247wallst.com/special-report/2023/04/03/this-small-town-in-louisiana-has-the-lowest-median-income-in-america/

        Doctor PhibesD Offline
        Doctor PhibesD Offline
        Doctor Phibes
        wrote on last edited by Doctor Phibes
        #12

        @Jolly said in $50,000 Average:

        Explain that to these people...

        https://247wallst.com/special-report/2023/04/03/this-small-town-in-louisiana-has-the-lowest-median-income-in-america/

        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,

        I was only joking

        1 Reply Last reply
        • Doctor PhibesD Doctor Phibes

          The 'average' (mean) salary in the US in 2021 was $97K, which is a lot more than $20/hr.

          jon-nycJ Offline
          jon-nycJ Offline
          jon-nyc
          wrote on last edited by jon-nyc
          #13

          @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.

          Only non-witches get due process.

          • Cotton Mather, Salem Massachusetts, 1692
          Doctor PhibesD 1 Reply Last reply
          • jon-nycJ jon-nyc

            @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.

            Doctor PhibesD Offline
            Doctor PhibesD Offline
            Doctor Phibes
            wrote on last edited by Doctor Phibes
            #14

            @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.

            I was only joking

            1 Reply Last reply
            • JollyJ Offline
              JollyJ Offline
              Jolly
              wrote on last edited by
              #15

              Do y'all even know any average folk?

              “Cry havoc and let slip the DOGE of war!”

              Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

              AxtremusA Doctor PhibesD 2 Replies Last reply
              • JollyJ Jolly

                Do y'all even know any average folk?

                AxtremusA Offline
                AxtremusA Offline
                Axtremus
                wrote on last edited by
                #16

                Yes. Do you not?

                JollyJ 1 Reply Last reply
                • JollyJ Jolly

                  Do y'all even know any average folk?

                  Doctor PhibesD Offline
                  Doctor PhibesD Offline
                  Doctor Phibes
                  wrote on last edited by Doctor Phibes
                  #17

                  @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.

                  I was only joking

                  1 Reply Last reply
                  • AxtremusA Axtremus

                    Yes. Do you not?

                    JollyJ Offline
                    JollyJ Offline
                    Jolly
                    wrote on last edited by
                    #18

                    @Axtremus said in $50,000 Average:

                    Yes. Do you not?

                    Are you friends with anybody that makes $30k/yr?

                    “Cry havoc and let slip the DOGE of war!”

                    Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                    Aqua LetiferA Doctor PhibesD 2 Replies Last reply
                    • JollyJ Jolly

                      @Axtremus said in $50,000 Average:

                      Yes. Do you not?

                      Are you friends with anybody that makes $30k/yr?

                      Aqua LetiferA Offline
                      Aqua LetiferA Offline
                      Aqua Letifer
                      wrote on last edited by
                      #19

                      @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.

                      Please love yourself.

                      1 Reply Last reply
                      • JollyJ Jolly

                        @Axtremus said in $50,000 Average:

                        Yes. Do you not?

                        Are you friends with anybody that makes $30k/yr?

                        Doctor PhibesD Offline
                        Doctor PhibesD Offline
                        Doctor Phibes
                        wrote on last edited by Doctor Phibes
                        #20

                        @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.

                        I was only joking

                        1 Reply Last reply
                        • JollyJ Offline
                          JollyJ Offline
                          Jolly
                          wrote on last edited by Jolly
                          #21

                          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.

                          “Cry havoc and let slip the DOGE of war!”

                          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                          Doctor PhibesD 1 Reply Last reply
                          • jon-nycJ Offline
                            jon-nycJ Offline
                            jon-nyc
                            wrote on last edited by
                            #22

                            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.

                            Only non-witches get due process.

                            • Cotton Mather, Salem Massachusetts, 1692
                            JollyJ 1 Reply Last reply
                            • jon-nycJ jon-nyc

                              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.

                              JollyJ Offline
                              JollyJ Offline
                              Jolly
                              wrote on last edited by
                              #23

                              @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.

                              “Cry havoc and let slip the DOGE of war!”

                              Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                              HoraceH Doctor PhibesD AxtremusA 3 Replies Last reply
                              • jon-nycJ Offline
                                jon-nycJ Offline
                                jon-nyc
                                wrote on last edited by
                                #24

                                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.

                                Only non-witches get due process.

                                • Cotton Mather, Salem Massachusetts, 1692
                                1 Reply Last reply
                                • JollyJ Jolly

                                  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.

                                  Doctor PhibesD Offline
                                  Doctor PhibesD Offline
                                  Doctor Phibes
                                  wrote on last edited by Doctor Phibes
                                  #25

                                  @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.

                                  I was only joking

                                  1 Reply Last reply
                                  • JollyJ Jolly

                                    @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.

                                    HoraceH Offline
                                    HoraceH Offline
                                    Horace
                                    wrote on last edited by
                                    #26

                                    @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.

                                    Education is extremely important.

                                    1 Reply Last reply
                                    • JollyJ Jolly

                                      @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.

                                      Doctor PhibesD Offline
                                      Doctor PhibesD Offline
                                      Doctor Phibes
                                      wrote on last edited by
                                      #27

                                      @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.

                                      I was only joking

                                      1 Reply Last reply
                                      • JollyJ Jolly

                                        @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.

                                        AxtremusA Offline
                                        AxtremusA Offline
                                        Axtremus
                                        wrote on last edited by
                                        #28

                                        @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”?

                                        JollyJ 1 Reply Last reply
                                        • AxtremusA Axtremus

                                          @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”?

                                          JollyJ Offline
                                          JollyJ Offline
                                          Jolly
                                          wrote on last edited by
                                          #29

                                          @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.

                                          “Cry havoc and let slip the DOGE of war!”

                                          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

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