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by bendergarcia
876 days ago
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Right I guess the most realistic thing about this calculation is that people who make 15 an hour have no vacation cause they can’t afford to vacation. Let’s play it out: After taxes probably looking at closer to 900K. After paying off a 30 year mortgage, probably left with 500k? For simple math let’s say I 400k over 40 years that’s 10k left over per year to cover food and all the necessities of life. They’re living on a knifes edge and an inevitable emergency completely derails them. |
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I know what you mean, $1.248M sure doesn't buy what it used to any more.