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Poll: Do you live paycheck to paycheck?
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40% of Americans are living paycheck to paycheck
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Johnnyvee Offline
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Post: #126
RE: 40% of Americans are living paycheck to paycheck
(01-02-2019 10:03 AM)infowarrior1 Wrote:  
(01-01-2019 01:48 PM)Johnnyvee Wrote:  I couldn`t agree more on this. Global free trade is also horrible for the environment, both with the production methods and energy used in many Asian countries, and of course the shipping of all this manufactured goods over great distances. The world would be a better place with more local manufacturing and consumption.

But you also have to face the reality that if the US where to really move all production home, it would mean that a lot of goods (read; unnecessary crap) would be more expensive. This in turn would reduce consumption of things like clothes items and crappy plastic toys etc, which is just what the world needs again. We would have less crap available, but maybe fewer, more expensive, and higher quality things to buy.

Quote:From where I'm standing, the city-sized Baogang Steel and Rare Earth complex dominates the horizon, its endless cooling towers and chimneys reaching up into grey, washed-out sky. Between it and me, stretching into the distance, lies an artificial lake filled with a black, barely-liquid, toxic sludge.

Dozens of pipes line the shore, churning out a torrent of thick, black, chemical waste from the refineries that surround the lake. The smell of sulphur and the roar of the pipes invades my senses. It feels like hell on Earth.

http://www.bbc.com/future/story/20150402...e-on-earth




All this to manufacture our smartphones and other electronics that require rare earth minerals. This shit unless its cleaned up will remain to be a hazard to our water tables and future humans.

Yeah, and that`s from the same BBC that loves the EU, global free trade agreements etc. And that hates Trump`s idea of keeping trade and manufacturing regional. And that champions the working woman/super consumer also.

We will stomp to the top with the wind in our teeth.

George L. Mallory
(This post was last modified: 01-02-2019 01:58 PM by Johnnyvee.)
01-02-2019 01:57 PM
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Enoch Offline
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Post: #127
RE: 40% of Americans are living paycheck to paycheck
(01-02-2019 10:45 AM)James Bond Next level Wrote:  I'm team "Western people are just lazy and spend way too much". There are of course external causes of impoverishment (e.g. women in the workforce), but the previous generation wasn't all sunshine. They had fewer vacation (and even fewer abroad), no smartphone, no car, no computer, etc.

As a rule of thumb, I suggest you take a closer look on your finances if you bitch about living paycheck to paycheck but:
  • have a non-cheap smartphone (Iphones...) or other useless technological gadget
  • have a car (unless absolute necessity)
  • live in a big city like London, NYC, LA, Paris (unless absolute necessity)
  • have someone to clean your place
  • rent or pay a flat in the center of the city
  • rent without roomies or have a non-small flat
  • go out to eat or party more than once per two weeks
  • go on vacation more than once per year (preferably in your home country)
  • ...

So, maybe you're just a bit entitled after all, no?
Pro tip: to learn to manage money and increase your wealth, I highly suggest you start reading Rich dad, poor dad

In the middle part of the twentieth century a man in America could support a wife, 2-3 kids, a house, 2 cars by working a skilled factory job, particularly in the midwest where the auto industry and union was strong.
01-02-2019 02:09 PM
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sterlingarcher Offline
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Post: #128
RE: 40% of Americans are living paycheck to paycheck
Just reading a (UK) 2007 book that lists average salaries.

It's crazy, averages have BARELY moved in a decade.

Compare that to the cost of EVERYTHING else.

I'm sure the US isn't too different.
(This post was last modified: 01-02-2019 04:04 PM by sterlingarcher.)
01-02-2019 04:02 PM
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renotime Offline
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Post: #129
RE: 40% of Americans are living paycheck to paycheck
(01-02-2019 10:45 AM)James Bond Next level Wrote:  I'm team "Western people are just lazy and spend way too much". There are of course external causes of impoverishment (e.g. women in the workforce), but the previous generation wasn't all sunshine. They had fewer vacation (and even fewer abroad), no smartphone, no car, no computer, etc.

As a rule of thumb, I suggest you take a closer look on your finances if you bitch about living paycheck to paycheck but:
  • have a non-cheap smartphone (Iphones...) or other useless technological gadget
  • have a car (unless absolute necessity)
  • live in a big city like London, NYC, LA, Paris (unless absolute necessity)
  • have someone to clean your place
  • rent or pay a flat in the center of the city
  • rent without roomies or have a non-small flat
  • go out to eat or party more than once per two weeks
  • go on vacation more than once per year (preferably in your home country)
  • ...

So, maybe you're just a bit entitled after all, no?
Pro tip: to learn to manage money and increase your wealth, I highly suggest you start reading Rich dad, poor dad

The previous generations also had a strong dollar. Everyone knows the boomers had it easier.

The average salary has been the same for nearly 30 years, while the price of goods has steadily increased.

A family of 5 could get by on 150k a lot easier in 1995 than compared to today.

You want to know the only thing you can assume about a broken down old man? It's that he's a survivor.
01-02-2019 05:32 PM
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Thot Leader Offline
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Post: #130
RE: 40% of Americans are living paycheck to paycheck
(01-02-2019 02:09 PM)Enoch Wrote:  
(01-02-2019 10:45 AM)James Bond Next level Wrote:  I'm team "Western people are just lazy and spend way too much". There are of course external causes of impoverishment (e.g. women in the workforce), but the previous generation wasn't all sunshine. They had fewer vacation (and even fewer abroad), no smartphone, no car, no computer, etc.

As a rule of thumb, I suggest you take a closer look on your finances if you bitch about living paycheck to paycheck but:
  • have a non-cheap smartphone (Iphones...) or other useless technological gadget
  • have a car (unless absolute necessity)
  • live in a big city like London, NYC, LA, Paris (unless absolute necessity)
  • have someone to clean your place
  • rent or pay a flat in the center of the city
  • rent without roomies or have a non-small flat
  • go out to eat or party more than once per two weeks
  • go on vacation more than once per year (preferably in your home country)
  • ...

So, maybe you're just a bit entitled after all, no?
Pro tip: to learn to manage money and increase your wealth, I highly suggest you start reading Rich dad, poor dad

In the middle part of the twentieth century a man in America could support a wife, 2-3 kids, a house, 2 cars by working a skilled factory job, particularly in the midwest where the auto industry and union was strong.

I remember a Tweet from a while back that went, "Maybe if millennials spent less on brunch and more on particle physics research they could travel to 1974 and afford a house. Just a thought"
01-02-2019 06:51 PM
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Bluey Offline
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Post: #131
RE: 40% of Americans are living paycheck to paycheck
(01-02-2019 02:00 AM)StrikeBack Wrote:  When I see figures like 20% tax and 300K house for someone who makes 100K, I don't know whether to say "damn you Americans have it easy" or "damn if the Yanks are that fucked then we Aussies are royally fucked". Here down under I'm looking at 37-45% tax for our top income tax brackets, and 900K+ house for a 100K-range income.

No shit. Then you start taking into account GST/fuel levies/medicare levy/etc. aussies are smashed with income tax, then there's huge number of invisible taxes to boot.

I was looking at income tax a while back and realized if I doubled my income, I'm only about 20% better off after tax.

I live within my means, and when that's the result of putting in the hard yards to double my income why the hell would I? Rather have the free time.
01-02-2019 06:52 PM
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MrLemon Offline
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Post: #132
RE: 40% of Americans are living paycheck to paycheck
(01-01-2019 01:32 PM)MrLemon Wrote:  There is a simple solution, that I promise you everybody will scream about at first, then gradually come to accept. This is the big one, the main solution, and all the other suggestions I read in this thread are puny in comparison.

To stop the bleeding out of the American economy, we need to stop ALL manufactured goods and tech product importation from China, India, Vietnam, Africa, and all low-wage nations. End of discussion.

Move all manufacturing and software developing back into the US. Enforce that with massive fines.

There's nothing we need from them. There's really nothing they need from us. All our nations now have manufacturing capacities and natural resources that are, for all purposes, infinite, maybe except for a few raw materials like Aluminum or Uranium or rare metals, but that's trivial.

Free trade was invented in a past era, when there were natural walls (oceans and financial obstacles) that kept it under control.
With the reduction of trade friction due to huge container ships and internet-based funds transfer, allowing free trade with China/India is essentially allowing them to suck every penny out of our economy.

100% of offshoring has a single purpose: to impoverish US workers. That is the sole purpose of offshoring and every corporate executive knows it.

Free trade was a great idea...except that it collided with the twin trends of massive worldwide shipping and the Internet. That changed free trade into the single worst idea ever in the history of the human politics. Future economists will marvel at how stupid we were to allow it.

As a starting point for this process, pass a constitutional amendment: "No tax money shall be spent on labor or materials from non-US citizens". That's just the first step but will set the path forward.

Here is Part 2 of my American Economic Renewal Plan.

We pass a constitutional amendment that states:

No foreign person or entity shall own or collect payments from any land, buildings, or real estate within the United States.
(This post was last modified: 01-02-2019 07:04 PM by MrLemon.)
01-02-2019 06:59 PM
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Post: #133
RE: 40% of Americans are living paycheck to paycheck
(01-02-2019 01:57 PM)Johnnyvee Wrote:  
(01-02-2019 10:03 AM)infowarrior1 Wrote:  
(01-01-2019 01:48 PM)Johnnyvee Wrote:  I couldn`t agree more on this. Global free trade is also horrible for the environment, both with the production methods and energy used in many Asian countries, and of course the shipping of all this manufactured goods over great distances. The world would be a better place with more local manufacturing and consumption.

But you also have to face the reality that if the US where to really move all production home, it would mean that a lot of goods (read; unnecessary crap) would be more expensive. This in turn would reduce consumption of things like clothes items and crappy plastic toys etc, which is just what the world needs again. We would have less crap available, but maybe fewer, more expensive, and higher quality things to buy.

Quote:From where I'm standing, the city-sized Baogang Steel and Rare Earth complex dominates the horizon, its endless cooling towers and chimneys reaching up into grey, washed-out sky. Between it and me, stretching into the distance, lies an artificial lake filled with a black, barely-liquid, toxic sludge.

Dozens of pipes line the shore, churning out a torrent of thick, black, chemical waste from the refineries that surround the lake. The smell of sulphur and the roar of the pipes invades my senses. It feels like hell on Earth.

http://www.bbc.com/future/story/20150402...e-on-earth




All this to manufacture our smartphones and other electronics that require rare earth minerals. This shit unless its cleaned up will remain to be a hazard to our water tables and future humans.

Yeah, and that`s from the same BBC that loves the EU, global free trade agreements etc. And that hates Trump`s idea of keeping trade and manufacturing regional. And that champions the working woman/super consumer also.

I know. But its not only the BBC. Many other outlets are reporting this.

Like Business insider:
https://www.businessinsider.com.au/the-w...?r=US&IR=T


And there are videos up like this done by private civilians:


01-02-2019 10:38 PM
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scotian Offline
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Post: #134
RE: 40% of Americans are living paycheck to paycheck
Oooh scary, a toxic pond! It never ceases to amaze me how uninformed people are about the byproducts of heavy industry, did they think that open pit mining and refining was going to be pretty? I used to work on tailing lines (piping carrying byproduct from refinery to the pond) in the oil sands all the time doing ultrasonic thickness measurements to check for internal corrosion to make sure that the pipes didn't burst, it was actually fun but definitely not pretty. The tailing ponds that I worked on included the largest one in the world at Syncrude in Fort McMurray: https://en.wikipedia.org/wiki/Tailings_dam

The oil industry is developing process that could eliminate tailings ponds in the future which will reduce water use, produce less CO2 and also save money. Of course it's engineers in the oil industry who are actually helping to improve things, not enviro-wankers like Neil Young and Leo Di Caprio who fly in on private jets to smear the industry. https://www.cbc.ca/news/canada/edmonton/...-1.4788480

I don't know what this has to do with Yanks living pay check to pay check but maybe if more young people would put on a fucking hard hat and do some manual labour instead of majoring in gender studies and basket weaving they wouldn't be bitching about this shit all of the time and would have a few bucks in their pockets.

God damned them all, I was told we'd cruise the seas for American gold, we'd fire no guns-shed no tears, now I'm a broken man on a Halifax pier, the last of Barrett's privateers!
https://www.youtube.com/watch?v=ZIwzRkjn86w
(This post was last modified: 01-03-2019 12:38 AM by scotian.)
01-02-2019 11:43 PM
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Trumpian Offline
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Post: #135
RE: 40% of Americans are living paycheck to paycheck
The flip side to this is just barely getting by (or not even) is the historical normal for humanity.

The idea that you could just clock in at the factory each day and live a semi luxurious lifestyle from that was a very brief phenomenon post - WWII. And to think that would continue is really just entitlement honestly. I'll skip the lolbertarian notions on "creating value" as they're largely nonsense.

The black pill is successful men are ruthless and play loose with the rules. They always have. There's just a lot more beta low T types around these days unfit to deal with that reality which has created a greater sense of malcontent.
01-03-2019 07:03 AM
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Post: #136
RE: 40% of Americans are living paycheck to paycheck
(01-02-2019 06:51 PM)Thot Leader Wrote:  
(01-02-2019 02:09 PM)Enoch Wrote:  
(01-02-2019 10:45 AM)James Bond Next level Wrote:  I'm team "Western people are just lazy and spend way too much". There are of course external causes of impoverishment (e.g. women in the workforce), but the previous generation wasn't all sunshine. They had fewer vacation (and even fewer abroad), no smartphone, no car, no computer, etc.

As a rule of thumb, I suggest you take a closer look on your finances if you bitch about living paycheck to paycheck but:
  • have a non-cheap smartphone (Iphones...) or other useless technological gadget
  • have a car (unless absolute necessity)
  • live in a big city like London, NYC, LA, Paris (unless absolute necessity)
  • have someone to clean your place
  • rent or pay a flat in the center of the city
  • rent without roomies or have a non-small flat
  • go out to eat or party more than once per two weeks
  • go on vacation more than once per year (preferably in your home country)
  • ...

So, maybe you're just a bit entitled after all, no?
Pro tip: to learn to manage money and increase your wealth, I highly suggest you start reading Rich dad, poor dad

In the middle part of the twentieth century a man in America could support a wife, 2-3 kids, a house, 2 cars by working a skilled factory job, particularly in the midwest where the auto industry and union was strong.

I remember a Tweet from a while back that went, "Maybe if millennials spent less on brunch and more on particle physics research they could travel to 1974 and afford a house. Just a thought"

Nothing more nauseating than boomer tweets.

The geriatric probably got a few of his bad house investments discharged in bankruptcy (along with millions of other boomers) while his senile contemporaries in Congress saddled millennials with the taxpayer bailout. Meanwhile the cost of uni education has skyrocketed because boomers wanted dregs from the hood to get an edumacation. So the whole generation has an enormous student loan debt which wait for it..can't be discharged (changed the law in the 70s..right when they graduatedBig Grin). Then upon graduating, we enter a job market dismantled by outsourcing and flooded with h1b IRTs who work for half the pay. Again, all policies embraced by those treasonous old farts otherwise known as boomers.

The day of the pillow can't come soon enough.
(This post was last modified: 01-03-2019 07:25 AM by Trumpian.)
01-03-2019 07:13 AM
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Johnnyvee Offline
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Post: #137
RE: 40% of Americans are living paycheck to paycheck
(01-02-2019 10:38 PM)infowarrior1 Wrote:  
(01-02-2019 01:57 PM)Johnnyvee Wrote:  
(01-02-2019 10:03 AM)infowarrior1 Wrote:  
(01-01-2019 01:48 PM)Johnnyvee Wrote:  I couldn`t agree more on this. Global free trade is also horrible for the environment, both with the production methods and energy used in many Asian countries, and of course the shipping of all this manufactured goods over great distances. The world would be a better place with more local manufacturing and consumption.

But you also have to face the reality that if the US where to really move all production home, it would mean that a lot of goods (read; unnecessary crap) would be more expensive. This in turn would reduce consumption of things like clothes items and crappy plastic toys etc, which is just what the world needs again. We would have less crap available, but maybe fewer, more expensive, and higher quality things to buy.

Quote:From where I'm standing, the city-sized Baogang Steel and Rare Earth complex dominates the horizon, its endless cooling towers and chimneys reaching up into grey, washed-out sky. Between it and me, stretching into the distance, lies an artificial lake filled with a black, barely-liquid, toxic sludge.

Dozens of pipes line the shore, churning out a torrent of thick, black, chemical waste from the refineries that surround the lake. The smell of sulphur and the roar of the pipes invades my senses. It feels like hell on Earth.

http://www.bbc.com/future/story/20150402...e-on-earth




All this to manufacture our smartphones and other electronics that require rare earth minerals. This shit unless its cleaned up will remain to be a hazard to our water tables and future humans.

Yeah, and that`s from the same BBC that loves the EU, global free trade agreements etc. And that hates Trump`s idea of keeping trade and manufacturing regional. And that champions the working woman/super consumer also.

I know. But its not only the BBC. Many other outlets are reporting this.

Like Business insider:
https://www.businessinsider.com.au/the-w...?r=US&IR=T


And there are videos up like this done by private civilians:



Oh, I know it`s a reality, I was just pointing out the hypocrisy of the BBC.

We will stomp to the top with the wind in our teeth.

George L. Mallory
01-03-2019 03:01 PM
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EndsExpect Offline
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Post: #138
RE: 40% of Americans are living paycheck to paycheck
I'm paycheck to paycheck. I had about 10K saved for many years but I got wiped out during a period of unemployment. Now, I'm kind of rebuilding my career and I'm at the point where my next job should pay WAY more than I need.

I will also say that I'm supporting a housewife and a baby, so despite have no savings I feel like I'm doing well. We have the ability to save perhaps $500 a month pretty easy if needed, but I've literally cut my bills down and have enough side hustles available that I would actually do better on unemployment than I do working my current job.

So, while I'm not in a great financial situation... I do feel satisfied with where I'm at currently and when I take the next step up in my career I should make well over six figures.
01-03-2019 06:12 PM
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Post: #139
RE: 40% of Americans are living paycheck to paycheck
I wanted to write longer post, but I will keep it short.

I live in Eastern Europe and average net sallary is 1000USD, that´s 12000USD a year and majority of citizens don´t even earn this (a lot of a struggling at 700-800USD). Prices are almost as high as in neighbour Germany with sallaries higher by hundreds of percents.

Earning above average sallary doesn´t help me more, than saving really a little and I keep my lifestyle tight.

Being a millenial and trying to make better life for yourself without any help from rich parents is tough.

"Love your life, perfect your life, beautify all things in your life. Seek to make your life long and its purpose in the service of your people."
(This post was last modified: 01-03-2019 06:48 PM by tomzestatlu.)
01-03-2019 06:45 PM
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Post: #140
RE: 40% of Americans are living paycheck to paycheck
(01-02-2019 11:43 PM)scotian Wrote:  Sni

Agreed. If heavy industry is to move forward then things that necessitate the Baotou Lake would need to cease to exist.
(This post was last modified: 01-03-2019 08:35 PM by infowarrior1.)
01-03-2019 08:33 PM
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Post: #141
RE: 40% of Americans are living paycheck to paycheck
(01-03-2019 07:13 AM)Trumpian Wrote:  
(01-02-2019 06:51 PM)Thot Leader Wrote:  
(01-02-2019 02:09 PM)Enoch Wrote:  
(01-02-2019 10:45 AM)James Bond Next level Wrote:  I'm team "Western people are just lazy and spend way too much". There are of course external causes of impoverishment (e.g. women in the workforce), but the previous generation wasn't all sunshine. They had fewer vacation (and even fewer abroad), no smartphone, no car, no computer, etc.

As a rule of thumb, I suggest you take a closer look on your finances if you bitch about living paycheck to paycheck but:
  • have a non-cheap smartphone (Iphones...) or other useless technological gadget
  • have a car (unless absolute necessity)
  • live in a big city like London, NYC, LA, Paris (unless absolute necessity)
  • have someone to clean your place
  • rent or pay a flat in the center of the city
  • rent without roomies or have a non-small flat
  • go out to eat or party more than once per two weeks
  • go on vacation more than once per year (preferably in your home country)
  • ...

So, maybe you're just a bit entitled after all, no?
Pro tip: to learn to manage money and increase your wealth, I highly suggest you start reading Rich dad, poor dad

In the middle part of the twentieth century a man in America could support a wife, 2-3 kids, a house, 2 cars by working a skilled factory job, particularly in the midwest where the auto industry and union was strong.

I remember a Tweet from a while back that went, "Maybe if millennials spent less on brunch and more on particle physics research they could travel to 1974 and afford a house. Just a thought"

Nothing more nauseating than boomer tweets.

The geriatric probably got a few of his bad house investments discharged in bankruptcy (along with millions of other boomers) while his senile contemporaries in Congress saddled millennials with the taxpayer bailout. Meanwhile the cost of uni education has skyrocketed because boomers wanted dregs from the hood to get an edumacation. So the whole generation has an enormous student loan debt which wait for it..can't be discharged (changed the law in the 70s..right when they graduatedBig Grin). Then upon graduating, we enter a job market dismantled by outsourcing and flooded with h1b IRTs who work for half the pay. Again, all policies embraced by those treasonous old farts otherwise known as boomers.

The day of the pillow can't come soon enough.

"the day of the pillow" heh

Important to remember that boomers, like all true narcissists, are utterly incapable of admitting their own guilt. Ever. The only solution ultimately will be the pillow.
(This post was last modified: 01-03-2019 09:54 PM by MrLemon.)
01-03-2019 09:52 PM
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Post: #142
RE: 40% of Americans are living paycheck to paycheck
(01-03-2019 09:52 PM)MrLemon Wrote:  
(01-03-2019 07:13 AM)Trumpian Wrote:  
(01-02-2019 06:51 PM)Thot Leader Wrote:  
(01-02-2019 02:09 PM)Enoch Wrote:  
(01-02-2019 10:45 AM)James Bond Next level Wrote:  I'm team "Western people are just lazy and spend way too much". There are of course external causes of impoverishment (e.g. women in the workforce), but the previous generation wasn't all sunshine. They had fewer vacation (and even fewer abroad), no smartphone, no car, no computer, etc.

As a rule of thumb, I suggest you take a closer look on your finances if you bitch about living paycheck to paycheck but:
  • have a non-cheap smartphone (Iphones...) or other useless technological gadget
  • have a car (unless absolute necessity)
  • live in a big city like London, NYC, LA, Paris (unless absolute necessity)
  • have someone to clean your place
  • rent or pay a flat in the center of the city
  • rent without roomies or have a non-small flat
  • go out to eat or party more than once per two weeks
  • go on vacation more than once per year (preferably in your home country)
  • ...

So, maybe you're just a bit entitled after all, no?
Pro tip: to learn to manage money and increase your wealth, I highly suggest you start reading Rich dad, poor dad

In the middle part of the twentieth century a man in America could support a wife, 2-3 kids, a house, 2 cars by working a skilled factory job, particularly in the midwest where the auto industry and union was strong.

I remember a Tweet from a while back that went, "Maybe if millennials spent less on brunch and more on particle physics research they could travel to 1974 and afford a house. Just a thought"

Nothing more nauseating than boomer tweets.

The geriatric probably got a few of his bad house investments discharged in bankruptcy (along with millions of other boomers) while his senile contemporaries in Congress saddled millennials with the taxpayer bailout. Meanwhile the cost of uni education has skyrocketed because boomers wanted dregs from the hood to get an edumacation. So the whole generation has an enormous student loan debt which wait for it..can't be discharged (changed the law in the 70s..right when they graduatedBig Grin). Then upon graduating, we enter a job market dismantled by outsourcing and flooded with h1b IRTs who work for half the pay. Again, all policies embraced by those treasonous old farts otherwise known as boomers.

The day of the pillow can't come soon enough.

"the day of the pillow" heh

Important to remember that boomers, like all true narcissists, are utterly incapable of admitting their own guilt. Ever. The only solution ultimately will be the pillow.

Well here's the thing:

Everything they say about millenials is true. As a whole, we're an overly sensitive/PC generation of pussies who spend the bulk of our income on avocados and iphones instead of saving for the future.

That said, the boomers took away our future. What we do on personal financial level they did on a governmental level. Far far worse.

Given $20 trillion of national debt and the inevitable economic catastrophe that's going to cause, it'd almost be irrational to live a boomer lifestyle. "Get a dumb phone, eat spam and save" isn't going to do you much good if/when the USD collapses. Or when tax rates skyrocket to fit the boomer bill.

That's why so many millenials embrace this sort of nihilistic "drink and be merry for tomorrow we die" mentality.

Or they just leave the country like me.
(This post was last modified: 01-04-2019 12:24 AM by Trumpian.)
01-04-2019 12:22 AM
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Hypugamy Offline
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Post: #143
RE: 40% of Americans are living paycheck to paycheck
(01-04-2019 12:22 AM)Trumpian Wrote:  
(01-03-2019 09:52 PM)MrLemon Wrote:  
(01-03-2019 07:13 AM)Trumpian Wrote:  
(01-02-2019 06:51 PM)Thot Leader Wrote:  
(01-02-2019 02:09 PM)Enoch Wrote:  In the middle part of the twentieth century a man in America could support a wife, 2-3 kids, a house, 2 cars by working a skilled factory job, particularly in the midwest where the auto industry and union was strong.

I remember a Tweet from a while back that went, "Maybe if millennials spent less on brunch and more on particle physics research they could travel to 1974 and afford a house. Just a thought"

Nothing more nauseating than boomer tweets.

The geriatric probably got a few of his bad house investments discharged in bankruptcy (along with millions of other boomers) while his senile contemporaries in Congress saddled millennials with the taxpayer bailout. Meanwhile the cost of uni education has skyrocketed because boomers wanted dregs from the hood to get an edumacation. So the whole generation has an enormous student loan debt which wait for it..can't be discharged (changed the law in the 70s..right when they graduatedBig Grin). Then upon graduating, we enter a job market dismantled by outsourcing and flooded with h1b IRTs who work for half the pay. Again, all policies embraced by those treasonous old farts otherwise known as boomers.

The day of the pillow can't come soon enough.

"the day of the pillow" heh

Important to remember that boomers, like all true narcissists, are utterly incapable of admitting their own guilt. Ever. The only solution ultimately will be the pillow.

Well here's the thing:

Everything they say about millenials is true. As a whole, we're an overly sensitive/PC generation of pussies who spend the bulk of our income on avocados and iphones instead of saving for the future.

That said, the boomers took away our future. What we do on personal financial level they did on a governmental level. Far far worse.

Given $20 trillion of national debt and the inevitable economic catastrophe that's going to cause, it'd almost be irrational to live a boomer lifestyle. "Get a dumb phone, eat spam and save" isn't going to do you much good if/when the USD collapses. Or when tax rates skyrocket to fit the boomer bill.

That's why so many millenials embrace this sort of nihilistic "drink and be merry for tomorrow we die" mentality.

Or they just leave the country like me.

That was my point earlier ITT. Nothing is stopping central banks from turning the fiat currency (which is completely under their jurisdiction in USA, Canada, EU) into toilet paper. A million dollars is slowly becoming worthless, under a dollar collapse 10 million is worthless overnight. Given the exponential financial changes we are facing the 21st century, the likelihood of this occurring in our lifetime is very high.

I could be working today, instead I am at home relaxing. Why work harder now to retire early when our dollar will likely be worthless in 20 years when I hit 55. Doesnt matter how much savings you have or how much you earn or how how responsible you are as a millennial (and if this describes you, you are an outlier in general), the dollar collapse will trump all this instantaneously.
01-04-2019 10:22 AM
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Thot Leader Offline
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Post: #144
RE: 40% of Americans are living paycheck to paycheck
(01-03-2019 07:13 AM)Trumpian Wrote:  
(01-02-2019 06:51 PM)Thot Leader Wrote:  
(01-02-2019 02:09 PM)Enoch Wrote:  
(01-02-2019 10:45 AM)James Bond Next level Wrote:  I'm team "Western people are just lazy and spend way too much". There are of course external causes of impoverishment (e.g. women in the workforce), but the previous generation wasn't all sunshine. They had fewer vacation (and even fewer abroad), no smartphone, no car, no computer, etc.

As a rule of thumb, I suggest you take a closer look on your finances if you bitch about living paycheck to paycheck but:
  • have a non-cheap smartphone (Iphones...) or other useless technological gadget
  • have a car (unless absolute necessity)
  • live in a big city like London, NYC, LA, Paris (unless absolute necessity)
  • have someone to clean your place
  • rent or pay a flat in the center of the city
  • rent without roomies or have a non-small flat
  • go out to eat or party more than once per two weeks
  • go on vacation more than once per year (preferably in your home country)
  • ...

So, maybe you're just a bit entitled after all, no?
Pro tip: to learn to manage money and increase your wealth, I highly suggest you start reading Rich dad, poor dad

In the middle part of the twentieth century a man in America could support a wife, 2-3 kids, a house, 2 cars by working a skilled factory job, particularly in the midwest where the auto industry and union was strong.

I remember a Tweet from a while back that went, "Maybe if millennials spent less on brunch and more on particle physics research they could travel to 1974 and afford a house. Just a thought"

Nothing more nauseating than boomer tweets.

The geriatric probably got a few of his bad house investments discharged in bankruptcy (along with millions of other boomers) while his senile contemporaries in Congress saddled millennials with the taxpayer bailout. Meanwhile the cost of uni education has skyrocketed because boomers wanted dregs from the hood to get an edumacation. So the whole generation has an enormous student loan debt which wait for it..can't be discharged (changed the law in the 70s..right when they graduatedBig Grin). Then upon graduating, we enter a job market dismantled by outsourcing and flooded with h1b IRTs who work for half the pay. Again, all policies embraced by those treasonous old farts otherwise known as boomers.

The day of the pillow can't come soon enough.

The Tweet was meant to be tongue-in-cheek Millennial humor.
01-04-2019 10:28 AM
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HighSpeed_LowDrag Offline
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Post: #145
RE: 40% of Americans are living paycheck to paycheck
I don’t live pay check to pay check, but it doesn’t surprise me that so many do.

Here in Canada I make about 80k gross, but face a 37% marginal income tax and 15% sales tax. Throw in the skyrocketing cost of living (especially housing) and it’s no wonder a ton of high-earning professionals flee for the United States.

HSLD
01-04-2019 10:34 AM
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Barron Offline
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Post: #146
RE: 40% of Americans are living paycheck to paycheck
This entire thread reminds of a funny series called Blame Everyone But Yourself that makes fun of poor, entitled snowflakes:












two scoops
two genders
two terms
01-04-2019 10:35 AM
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Hypugamy Offline
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Post: #147
RE: 40% of Americans are living paycheck to paycheck
(01-04-2019 10:34 AM)HighSpeed_LowDrag Wrote:  I don’t live pay check to pay check, but it doesn’t surprise me that so many do.

Here in Canada I make about 80k gross, but face a 37% marginal income tax and 15% sales tax. Throw in the skyrocketing cost of living (especially housing) and it’s no wonder a ton of high-earning professionals flee for the United States.

As a Canadian, I agree that the USA is better and I would rather live there. However, I don't think the USA is the superior alternative that it used to be. Their income tax rates are not that much better than Canada, they are turning socialist over time as well. I was just in DC, and food cost was higher than Canada, even ignoring the exchange rate (save for alcohol/tobacco), rent/childcare are higher as well.

https://www.irs.com/articles/2018-federa...deductions

https://www.canada.ca/en/revenue-agency/...years.html
01-04-2019 10:54 AM
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Aurini Online
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Post: #148
RE: 40% of Americans are living paycheck to paycheck
(01-04-2019 10:54 AM)Hypugamy Wrote:  
(01-04-2019 10:34 AM)HighSpeed_LowDrag Wrote:  I don’t live pay check to pay check, but it doesn’t surprise me that so many do.

Here in Canada I make about 80k gross, but face a 37% marginal income tax and 15% sales tax. Throw in the skyrocketing cost of living (especially housing) and it’s no wonder a ton of high-earning professionals flee for the United States.

As a Canadian, I agree that the USA is better and I would rather live there. However, I don't think the USA is the superior alternative that it used to be. Their income tax rates are not that much better than Canada, they are turning socialist over time as well. I was just in DC, and food cost was higher than Canada, even ignoring the exchange rate (save for alcohol/tobacco), rent/childcare are higher as well.

https://www.irs.com/articles/2018-federa...deductions

https://www.canada.ca/en/revenue-agency/...years.html

Also, we don't have the latent Puritanism here. Having spent quite a bit of time in the States (and don't get me wrong, I love you Americans) I could foresee both a left-wing and a right-wing Puritanical movement sweeping areas of the country, if not the nation as a whole.

The left-wing puritans is something we're all familiar with; SJWs, abortionists, communists, et cetera. But the right-wing puritans won't be our friends either; these are the same people who murdered young girls for being pretty, and they're currently talking about violently enforcing 'Biblical' values on society. Note that their version of 'Biblical' is not too far off what Hollywood portrays Christians as; ignorant bigots who can't get laid, so they blame it on everybody else, especially the Catholics.

My website.
My posts on Return of Kings.
01-04-2019 11:52 AM
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MrLemon Offline
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Post: #149
RE: 40% of Americans are living paycheck to paycheck
(01-04-2019 11:52 AM)Aurini Wrote:  Also, we don't have the latent Puritanism here. Having spent quite a bit of time in the States (and don't get me wrong, I love you Americans) I could foresee both a left-wing and a right-wing Puritanical movement sweeping areas of the country, if not the nation as a whole.

The left-wing puritans is something we're all familiar with; SJWs, abortionists, communists, et cetera. But the right-wing puritans won't be our friends either; these are the same people who murdered young girls for being pretty, and they're currently talking about violently enforcing 'Biblical' values on society. Note that their version of 'Biblical' is not too far off what Hollywood portrays Christians as; ignorant bigots who can't get laid, so they blame it on everybody else, especially the Catholics.

Correct. The US is headed for a toxic merger of right-wing evangelical christians from the bible belt, Mormons, and left wing SJWs. In this future, maybe 10 years from now, boys who express even the smallest heterosexual urge will be jailed or drugged. Most will become gay just out of self-defense. This will merge with the US being a police state...the massive police industry will pick this up and run with it. Just like Prohibition. Many of us will have to leave the country.

Shit, this is happening now.
(This post was last modified: 01-04-2019 12:59 PM by MrLemon.)
01-04-2019 12:56 PM
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Post: #150
RE: 40% of Americans are living paycheck to paycheck
(01-04-2019 10:35 AM)NomadofEU Wrote:  This entire thread reminds of a funny series called Blame Everyone But Yourself that makes fun of poor, entitled snowflakes:












These videos do a very good job of sticking to the globalist narrative. "We stole your pension fund, but if you complain, we'll call you a snowflake."

Slavers have been using that argument for millennia. The normal way to answer that argument is to stand them up against a brick wall and blow their brains out. Or...do what Roosevelt did in WW2 and ship all the slaver's young sons off to a war in another continent and get them killed off.
01-04-2019 01:06 PM
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