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It's actually even worse because the median is so much worse than the average. For example, balances at Vanguard is average 103k but median 26k (src: https://pressroom.vanguard.com/nonindexed/HAS18_062018.pdf page 51)
drainpipe fucked around with this message at 02:28 on Jul 18, 2018 |
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Jul 18, 2018 02:25
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Lol, we are so hosed.
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Jul 18, 2018 02:27
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GoGoGadgetChris posted:I know DOZENS of people who use this data as a reason not to contribute to retirement accounts This is American exceptionalism at work. JFC so many of us are so loving stupid.
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Jul 18, 2018 03:08
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Motronic posted:This is American exceptionalism at work. JFC so many of us are so loving stupid. Ahahahahahahaaha yeah, America's getting ready to help poor people. Sure man. Because there haven't been poor old people before.
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Jul 18, 2018 03:39
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GoGoGadgetChris posted:I know DOZENS of people who use this data as a reason not to contribute to retirement accounts Similar excuses for not contributing to Kiwisaver in New Zealand. Although I believe that justification is just an excuse. I don't think people are willing to sacrifice lifestyle (or in many cases are working poor with no spare cash after bills) to put away money for retirement. A lot of people in New Zealand are on "contribution holidays" which means they've stopped put in money and stop for years. Those with a mortgage and kids often can't afford to contribute, and that's after using the Kiwisaver money they did have to help pay for the house. Nothing like depleting your retirement savings to buy a debt obligation for 30 years. We're in for decades of everything becoming increasingly poo poo for the majority.
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Jul 18, 2018 03:50
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The Onion articles practically write themselves: "Americans shocked that having voted against the safety net, government tells the destitute to go gently caress themselves." "Local man confused when no one gives him money after being evicted from home. 'I got all these tax cuts, I thought there'd be so much more money for charity,' he mumbles while panhandling for scraps."
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Jul 18, 2018 03:52
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GoGoGadgetChris posted:I know DOZENS of people who use this data as a reason not to contribute to retirement accounts
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Jul 18, 2018 04:12
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kw0134 posted:The Onion articles practically write themselves: "Americans shocked that having voted against the safety net, government tells the destitute to go gently caress themselves." "Why are they giving money to those people, when hard working people like me deserve it so much more?" No, sorry, my mistake. That's just people I'm related to on facebook.
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Jul 18, 2018 05:32
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GoGoGadgetChris posted:I know DOZENS of people who use this data as a reason not to contribute to retirement accounts This seems less likely than more and easier ways to get money out of these accounts without paying any taxes on it at all.
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Jul 18, 2018 06:52
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I guess the "retirement accounts are going to be raided for taxes" crowd were somewhat validated when the Trump administration floated the idea as a political stunt? But lol no, that wasn't going to fund social security.
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Jul 18, 2018 07:28
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Blinkman987 posted:I guess the "retirement accounts are going to be raided for taxes" crowd were somewhat validated when the Trump administration floated the idea as a political stunt? But lol no, that wasn't going to fund social security. Did they actually float the idea of raiding individual retirement accounts? I know they were looking at reducing the contribution limits to  levels.
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Jul 18, 2018 07:38
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Oneiros posted:Did they actually float the idea of raiding individual retirement accounts? I know they were looking at reducing the contribution limits to You're right. That was the change considered. My bad.
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Jul 18, 2018 07:43
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Why do you need to put money into a 401K when you could just follow Paul Ryan's step to success?
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Jul 18, 2018 12:45
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It is a commonly known fact that poor people will find money in the ground and say to themselves "hold on, I should let a rich person pick that up". Paul Ryan really nailed it.
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Jul 18, 2018 13:54
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BWM: being poor and living in NYC on a $25/hour job. GWM: only paying for Netflix and bikini waxes and getting mom and dad to pay for everything else. https://www.refinery29.com/amp/money-diary-new-york-city-marketing-intern-income?__twitter_impression=true
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Jul 18, 2018 15:16
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boop the snoot posted:BWM: being poor and living in NYC on a $25/hour job. Nope, mom and dad pay for Netflix too.
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Jul 18, 2018 15:17
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Hmm. Working hard should be a first step, really. And stop making poor choices as a close runner-up.
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Jul 18, 2018 15:23
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$1k allowance? Let's see there. -Parents give her $800, grandpa gives her $300. -Parents pay $2100 rent. -Parents pay at minimum $300 per month insurance. -Prime, Amazon, and Spotify are parents' accounts, that's roughly another $40. So that's a $3540 monthly allowance at least, tax free. AND SHE'S HAVING PANIC ATTACKS. As I said in another thread this woman popped up in, guillotine her twice. edit: #blessed #HamptonsPrices Nail Rat fucked around with this message at 15:30 on Jul 18, 2018 |
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Jul 18, 2018 15:28
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I like to work hard (on my carpentry skills) and make good decisions (such as heavy stainless steel blades over inferior aluminum blades, and weather-resistant coated steel cables over outdated rope)
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Jul 18, 2018 15:30
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quote:I stop by Whole Foods to pick up a bottle of cold brew to keep at the office. It's the easiest way for me to not spend too much on coffee. $6.99 Jesus. Those money diaries also show me diary entries of other countries right next to that NYC one. BWM: Not being born American, I guess.
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Jul 18, 2018 15:35
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I spent $5.50 on a cup of coffee a few days ago in Topeka, KS. Probably the biggest BWM moment I’ve had in like a decade but it was so delicious.
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Jul 18, 2018 15:42
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boop the snoot posted:I spent $5.50 on a cup of coffee a few days ago in Topeka, KS.  
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Jul 18, 2018 15:44
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boop the snoot posted:BWM: being poor and living in NYC on a $25/hour job. $210/month Equinox membership. Also daily trips to Whole Foods for $7 cold brew coffee (which she thinks is money saving somehow?) How about making a drip pot of Chock Full O Nuts and tossing it in the fridge overnight?
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Jul 18, 2018 15:48
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boop the snoot posted:I spent $5.50 on
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Jul 18, 2018 15:52
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boop the snoot posted:BWM: being poor and living in NYC on a $25/hour job. I wanted to say that 50ishk/yr in NYC and being "poor" is probably only half BWM - NYC is expensive, so more challenging to make 50k/yr work, depending on circumstances (student loans, etc.) But then Nail Rat posted:So that's a $3540 monthly allowance at least, tax free. That's basically another 60k/yr W2 wages on top, so her actual income is more like 110k/yr. What's that guillotine emoji, gently caress her.
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Jul 18, 2018 15:54
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Sock The Great posted:$210/month Equinox membership. Also daily trips to Whole Foods for $7 cold brew coffee (which she thinks is money saving somehow?) How about making a drip pot of Chock Full O Nuts and tossing it in the fridge overnight? $210 a month for a gym?! How is that even possible? What do you get for your money at a place like that? Unlimited sponge baths? Handjobs on demand?
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Jul 18, 2018 15:54
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Bad With Money 2018: I run to the toilet and puke up all the yogurt I ate e: Why does she keep calling her perfectly normal dinners 'random' Fitzy Fitz fucked around with this message at 16:03 on Jul 18, 2018 |
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Jul 18, 2018 16:01
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Hutzpah posted:$210 a month for a gym?! How is that even possible? What do you get for your money at a place like that? Unlimited sponge baths? Handjobs on demand? If I had to guess, I'd say access to tanning beds, massage chairs, and freedom to get away from poors.
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Jul 18, 2018 16:03
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boop the snoot posted:BWM:living in NYC metallicaeg posted:If I had to guess, I'd say access to tanning beds, massage chairs, and freedom to get away from poors. Gyms here are another way for people here to form cliques based on how Fhqwhgads fucked around with this message at 16:06 on Jul 18, 2018 |
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Jul 18, 2018 16:03
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equinox is fully sick fancy gym for jerkoff 1%ers
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Jul 18, 2018 16:05
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Sock The Great posted:$210/month Equinox membership. Also daily trips to Whole Foods for $7 cold brew coffee (which she thinks is money saving somehow?) How about making a drip pot of Chock Full O Nuts and tossing it in the fridge overnight? Even more GWM. Using the empty cans for storage. My garage is Chock Full O Chock Full O Nuts cans.
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Jul 18, 2018 16:07
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Fitzy Fitz posted:Bad With Money 2018: I run to the toilet and puke up all the yogurt I ate #random #winning #winetastesgood quote:$210 a month for a gym?! How is that even possible? What do you get for your money at a place like that? Unlimited sponge baths? Handjobs on demand? I actually briefly used a gym that was $70 a week - for literally a month. It was in a very expensive/convenient location and that included unlimited classes that were capped at 10-12 people and ample free gym time in a well-equipped gym where there were never more than 2-3 people wanting to use the two power cages. Still was way, way, way too much money.
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Jul 18, 2018 16:16
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DEMAG posted:Even more GWM. Using the empty cans for storage. My garage is Chock Full O Chock Full O Nuts cans. 100% this. My kids like using them as drums too, even more GWM - let your kids play with would-be garbage.
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Jul 18, 2018 16:21
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Hutzpah posted:$210 a month for a gym?! How is that even possible? What do you get for your money at a place like that? Unlimited sponge baths? Handjobs on demand? This is like the third time this has come up in the last few months in this thread and I'm not exactly sure why (everyone understands the difference between a used Hyundai and a new Lexus, or lovely gas station coffee and good coffee) but since it keeps recurring here is a list of things I notice at a Lifetime fitness compared to a generic $20 per month gym or like my college gym. Also note that I think $20 gyms are fine although I do appreciate the nice clean equipment since people are gross. Cleaner/newer/more equipment Lots of free classes daily that you can go to Year round heated outdoor pool, separate indoor pool too I think Free (?) childcare while you work out Steam Room/Sauna/Towels and possibly some shaving type stuff provided for you Some fancy pilates room but I think that costs a lot more Some fancy spa in the gym but I think that costs a lot too A restaurant in the gym that has decent stuff and actually isn't that expensive if I remember right but I only ate there once I think they have weird social/networking mixers sometimes out by the pool Some of them have a nice 3 story climbing wall inside I think I can go to any lifetime fitness in the country for free
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Jul 18, 2018 16:23
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most people don't advocate for college students sponging off their parents to buy a lexus
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Jul 18, 2018 16:32
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Droo posted:This is like the third time this has come up in the last few months in this thread and I'm not exactly sure why (everyone understands the difference between a used Hyundai and a new Lexus, or lovely gas station coffee and good coffee) but since it keeps recurring here is a list of things I notice at a Lifetime fitness compared to a generic $20 per month gym or like my college gym. Also note that I think $20 gyms are fine although I do appreciate the nice clean equipment since people are gross. There's nothing wrong with luxury items or memberships if you can afford it. She's mooching off her parents for necessities while splurging on wants.
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Jul 18, 2018 16:36
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Equinox is the gym you go to when you have more money than time, this chick isn't there yet. Although if it's like every other luxury meat market gym in NYC she's probably meeting partners of her preferred gender/orientation making 100x what she is, so potentially VGWM.
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Jul 18, 2018 16:39
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KYOON GRIFFEY JR posted:most people don't advocate for college students sponging off their parents to buy a lexus I wasn't saying anything about the mooch girl, just responding to the OMG HOW DOES A GYM COST MORE THAN $20 THEY MUST GIVE YOU UNLIMITED HAPPY ENDINGS guy
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Jul 18, 2018 16:43
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Screw the millennial budgets, show me the boomer budgets. I had a budget talk with my dad when I told him that my daycare expenses for a 1 year old cost about the same as my mortgage, he said that his health insurance costs were bigger than his housing + grocery costs combined.
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Jul 18, 2018 16:54
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boop the snoot posted:I spent $5.50 on a cup of coffee a few days ago in Topeka, KS. Julia's?
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