this post was submitted on 11 Dec 2023
228 points (96.0% liked)
Asklemmy
43958 readers
1406 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm assuming you live in a place with an egregious cost of living, which is not the majority of America. My family has never made more than 70k in a good year, yet lives comfortably in a home bought 15 years ago in the Dallas/Fort Worth area.
The vast majority of the population is not struggling. Too many are, but that doesn't mean they make up the majority.
The home bought 15 years ago definitley helps. With higher interest and pricing explosions in growing Metro areas like DFW, I'd expect the housing payment to be well over 3x if you were to buy now. DFW median home price alone is up 2.63x over the last 15yr alone before considering interest rates.
Certainly. The point is that it's mainly younger people and people transitioning between stages of their life who are suffering most from the cost of living crisis.
I live in an urban area where the cost are slightly above average, but not by much.
Depending on whose statistics you accept, somewhere between 55% and 62% of the country are living paycheck to paycheck with little or no savings. That is a literal majority of Americans. It really is that bad and it's getting steadily worse. I was quite comfortable 20 years ago and reasonably so ten years ago. The dividing line passed me about five years back.