Comments by "" (@jmitterii2) on "This ONE THING Is Keeping Americans BROKE" video.
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I don't know very many people whose finances are that much of a mess.
But okay, if you think that's why perhaps.
Statistics explains its mostly because they simply don't make shit and cost of living is going up:
Median individual income is $40,010 in 2019. Median family income $75K.
Half of Americans make that or less.
Rent and mortgage payments have risen 4 times than wages in the past decade; most classify as rent insecure in that gross monthly earnings to rent is over the safe 33% into the insane 50% to even 60%... meaning their takehome pay ratio is even more insane at 60% to 75% of take home pay. Tent cities coming near... oh wait they already exist all over every town and city in the US.
School isn't $22K a year for public in state schooling; try $7K for full time credits for two semesters, but not $22K a year; it's not even that much for out of state fees and you can often get residency waivers so you pay near instate tuition and eventually just get residency while there going to resident amount. It's not cheap. So I get that. But not that insane.
But seriously, I don't see that many yuppies at work driving things they can't afford, in fact most are driving some of the mentioned Toyota or Honda's or the like that are cheap.
So... perhaps you're in yuppy central... wanna be land?
I just don't see it here where I live.... wait... trucks... those things are expensive and there are quite a few who do own those.
So maybe I'm just seeing it in a different fashion?
Anyway, statistically speaking most are poor because they don't make very much money to begin with. They're not driving fancy sports cars, they wouldn't have the credit to buy one. And simply don't see that, at least in my neck of the woods.
Sure, there are the few yuppies around here, but they're a very tiny minority.
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