Submitted by Mike Krieger via Liberty Blitzkrieg blog,
We were told we needed to bail out Wall Street in order to save Main Street. Well the results are in…
Wall Street has never done better, and Main Street has never done worse.
From the Huffington Post:
Low-income workers and their families do not earn enough to live in even the least expensive metropolitan American communities, according to a new analysis of families’ living costs published Wednesday.
The analysis, released by the left-leaning Economic Policy Institute, is an annual update of the think tank’s Family Budget Calculator that reflects new 2014 data. The Family Budget Calculator is a formula designed to determine the income “required for families to attain a secure yet modest standard of living” in 618 different communities across the country that the U.S. Census Bureau defines as metropolitan areas. The formula uses data collected by the government and some nonprofit groups to measure costs of housing, food, child care, transportation, health care, “other necessities” like clothing, and taxes for families of 10 different compositions in these specific locales.
The updated Family Budget Calculator shows that even the most affordable metropolitan areas in the country are beyond the reach of millions of American families with incomes above the official federal poverty level. The official federal poverty level for a family of two parents and two children in 2014 was $24,008, according to the EPI. But the least expensive metropolitan area in the country for this family type is Morristown, Tennessee, where a family needs an income of $49,114, according to the Economic Policy Institute’s budget calculator.
The Economic Policy Institute also estimates that minimum-wage workers — who almost universally earn less than the federal poverty level — lack the income needed to make an adequate living in any of the communities surveyed, even if they are single and childless. The think tank notes that this includes minimum-wage workers living in cities or states with a higher minimum wage than the federal minimum of $7.25 an hour, or $15,080 a year for a full-time worker.
Even families with incomes closer to the middle of the earnings spectrum lack the means to maintain an adequate standard of living. The nation’s median household income was $51,939 in 2013 — the most recent year in which data were available — not much higher than the cost of living in the relatively inexpensive Morristown.
Where’s our hero when you need him?
I think in the future with all this diversity coming your way you are better off if you can move quickly.Buy a truck and tow a camper. Then you can move if a neighborhood changes to your
disliking. Especially if you are single.
Working as a contractor for FedEx I go into many of the big cities. Even in the nicest parts it’s not so nice in these big cities. Unless you want to torture yourself with all the problems of urban life I would stay far away from the city.Even in New York most of the super rich still have their get away houses in the country or in a nice beach community.
Where can you live out of a camper in a big city bb?
The Catch 22 for most Americans is that you can’t find work in low cost areas and in high cost areas the wages you get are not enough to allow you to live there. This situation is even worse for whites than nonwhites since nonwhites at least have the option to live in the lowest cost neighborhoods, i.e. ghetto or barrio style neighborhoods that have the bulk of low cost housing and politics prevents the authorities from aggressive code and zoning enforcement.
I wonder about people buying houses in this economy. I recommend owning(free and clear) a piece of dirt and having a shack to start with.
Wip ,you dumbie.My point is don’t try to buy a house in city . Not worth it .Buy a camper and go to edge of city . I usually charge 50 bucks for this kind of these information but for a fine up standing young man like you it’s free.
Here in the fringe area of Los Angeles, the cost of living is whacko, especially housing and gasoline. Many people live in RV’s in long-term RV parks that cost about $300 a month. So the deal is to pick up a used motorhome, travel trailer or 5th wheel for a few thousand, pull it into the park, and your cost of living drastically declines.
My kids have tried to make it in Santa Barbara and it’s very tough, one just moved down here to escape the $1,300 a month rent for a tiny 500 sq ft apartment. My daughter is hanging in there renting a room for $750 out in the boondocks with quite a drive to work. Both kids work service jobs.
Meantime, gas just in the past week dropped back to the $3.30’s (if you shop around, I just saw a $3.12 price point for cash), but the legislature just tacked on an extra 10 cent a gallon tax.
This is the opposite of the UN Agenda 21 goal of forcing everyone into a city. I expect they will make a concerted effort to double all rural costs.