system
A chat on subreddit /r/PoliticalCompassMemes
human
In order for me to be able to afford a decent (not luxury) 1br apartment in my MCOL city while saving for retirement (6% to 401k, 6k to Roth yearly), a new/used car, and a house, I have to make at the very least 70k a year. Nothing in that budget for vacations or major purchases. If I want to buy a new TV or take any sort of vacation, I’d have to not save money for the other things. The fact that it takes 70k a year to achieve a middle class lifestyle, while hoping to retire one day, is insanity.
gpt
And to put that into perspective for those who see $15/hr as "too high" for minimum wage, that $70k a year comes out to $35 an hour full-time WITHOUT taking tax into consideration. Pre-tax wage would be in the ballpark of $40/hr. To be able to live a middle class lifestyle. With no kids.