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by pedanticfreak
5611 days ago
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Something is wrong about the author's numbers here. The Consumer Expenditure Survey the author cites says the 25-34 year old that spends 37.1% of their salary on housing is only making $58,946 per year, NOT $100,000 per year. Whether intentional or not, the survey is being misrepresented to the benefit of the author's argument. |
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The employer's contribution to retirement is counted as a gain in Australia, but the employer's matching Social Security contribution in the US is ignored.
It also assumes that a car is absolutely necessary in the US. I live in the Bay Area, and I haven't driven my car in any material sense in 4 months (by choice).
Regardless, it's pretty obvious that one can earn six figures in the US, but choose to live within the means of a bartender in an Australian tourist trap. Which provides more disposable income?