Aug 16 2017

Where in the world do Americans spend their money?  Taking a look at where incomes go each month.

I remember the first budget I put together.  It left me feeling depressed and feeling as if I had been punched in the gut.  The practice was done largely out of necessity but there was something that jumped out at me.  Housing consumes a good portion of net income.  For most Americans this is the […]

Jul 9 2017

How to live on $25,000 a year in low wage America:  A guide to living on the per capita income.

Most Americans live paycheck to paycheck.  We hear stories of people waiting until midnight at the end of the month so accounts can get filled with funds simply to buy food.  This shouldn’t come as a shock given the per capita income of a working American is roughly $25,000.  Does that seem like a lot […]

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Jul 28 2015

You Cannot Afford a $250,000 Home with a $50,000 Household Income!

People are still surprised why new home sales remain anemic and new home building is simply not materializing.  The latest Census data shows that the typical new home sold for $281,000.  At the same time we also realize that your typical U.S. household is making about $50,000 per year.  The reason home sales remain weak […]

May 28 2014

You are too broke to own a home in America! The typical American household making $50,000 a year cannot afford to purchase the typical $200,000 median priced home without straining their budget.

People continue to scratch their heads as to why regular home buyers in America are unable to enter the housing market. Prices are up but this is mostly because of investor money that is obsessed with chasing yield in a low yield environment orchestrated by the Federal Reserve. The reason home sales figures continue to […]

Jan 26 2013

Can you live in California on a $60,000 a year household income? Living the middle class lifestyle in California on $60,000 a year.

Can you live comfortably in California making $60,000 a year?  It really depends on what you define as comfortably.  We should note that the median household income in the US is $50,000 and in California it isn’t much higher.  California gets a notorious rap of being an expensive state but this is if the entire […]

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