QUOTE (jayrandom @ Sep 19 2009, 05:13 PM)

QUOTE (LBCS @ Sep 19 2009, 04:39 PM)

QUOTE (hegemony @ Sep 19 2009, 01:04 PM)

QUOTE (jayrandom @ Sep 19 2009, 01:01 PM)

What a disingenuous title for a survey about how well people keep to a budget.
From the article: "According to the survey, even workers making over $100,000 are feeling the pinch; 30% are living check-to-check, up 9% from last year." I don't think they're buying cat food and struggling on 100k.
It's not to say people aren't genuinely struggling to feed their families, but this article is only about how people are outspending their incomes.
100K for a family or 3 or 4 is not exactly wealthy in many parts of the country.
Yup, for sure. $100K for a family of 4 is poverty level in CA.
I agree that 100k isn't exactly wealthy in many parts of the country (including my own) but it's above the median household income for every county in the country
save four.
LBCS--I couldn't find any information that the poverty line is even set in California independently from the US as a whole, do you have a reference that lists the poverty line by household size in California? The closest I could find were
income limits for affordable housing in LA County. They set the cutoff for "moderate income" for a household of four at 74.5k.
It's not that I don't think that hunger and poverty aren't real issues that deserve attention, it's just that someone who earns 100k in any part of the US who isn't saving sufficiently more likely suffers from over spending than under earning. If they must resort to eating cat food--which frankly isn't the cheapest way to feed yourself to begin with--they must be spending their income in some other way that should be modified before abandoning people food. I still think the title is disingenuous.
Naturally, my county borders one of the 4, and just misses the $100k median income mark. Also, we have a TON of attorneys in this county. Many of them work for the government. The lawyers I know that are employed by the federal gov make about $120k a year. That sounds like a lot, but when you owe $175k in student loans, and a decent single family home is north of $600k, its really not all that much.
Now, you're not eating cat food on a $120k salary, even supporting a family of 4 around here. But you're not exactly driving a new benz and taking European vacations every summer either.