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Has Global Health and Wealth Increased or Decreased?

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  • Aaron_K123
    Aaron_K123 Posts: 7,122 Member
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    stanmann571 wrote: »
    geneticsteacher wrote: »
    "Nearly 51 million households don't earn enough to afford a monthly budget that includes housing, food, child care, health care, transportation and a cell phone, according to a study released Thursday by the United Way ALICE Project. That's 43% of households in the United States."

    "For instance, in Seattle's King County, the annual household survival budget for a family of four (including one infant and one preschooler) in 2016 was nearly $85,000. This would require an hourly wage of $42.46. But in Washington State, only 14% of jobs pay more than $40 an hour."
    money.cnn.com/2018/05/17/news/economy/us-middle-class-basics-study/index.html


    Ok, just did the math. The Standard calculation for working hours per year is 2080. By my math that's 40 an hour. with a single wage earner. If you've only got 1 working adult in the home, you don't need to pay child care, which reduces the COL by 15-35K. So now you're looking at 50-70K and 24-35 dollars an hour. Or one adult at full time in the 20-25 an hour range and the other working nights or weekends part time.

    As someone who lives in Seattle with a family of 4 I can do that "survival" breakdown for myself.

    housing: $3200/mo (includes insurance, tax, utilities, basic maintenance)
    Food: $1200/mo (could definitely spend less)
    Child care: $2500/mo
    transportation: $250/mo (includes parking, insurance and gas)
    health care: $200/mo (subsidized by employer)
    Cell phone: $110/mo

    So that is $7460/mo or $89,500 per year. That is what take-home, not salary, needs to be. So slap an extra 25% to account for taxes and you are up to a household of more than 110k to basically just cover food and bills. It is most certainly expensive to live here.

    By the way I am not claiming I don't have luxuries or that I am merely "surviving" I make enough to be comfortable...that said my "survival" amount came out to much more than what was given in the article. I just am giving a real world example

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