‘An economic divide that is widening’: Almost one third of Americans earning $150,000 a year or more say they’re living paycheck to paycheck and many rely on credit cards to close the gap

@return2ozma@lemmy.world · 1 year ago

‘An economic divide that is widening’: Almost one third of Americans earning $150,000 a year or more say they’re living paycheck to paycheck and many rely on credit cards to close the gap

@phoneymouse@lemmy.world · 1 year ago

In California, a new mortgage payment is 8-15k/month. Rent on an apartment is 3-4k/month. $150k salary isn’t enough for the mortgage and will struggle to cover that cost of rent.

@SCB@lemmy.world · edit-2 1 year ago

In California, a new mortgage payment is 8-15k/month. Rent on an apartment is 3-4k/month

Buddy of mine lives in LA and was just posting angry complaints about his rent going up to 1800/mo, so no.

I’ve got three friends in the LA area and one in the Bay and none of them pay anything close to 3k/mo rent or 8k(!!!) on their mortgages.

Those numbers are insane.

@phoneymouse@lemmy.world · 1 year ago

LA is cheap compared to the Bay Area. Also, I’m quoting numbers for new mortgages and new rentals. If you got your mortgage even 3 years ago, the numbers will be different.