How Much Money Do Americans Need To Be Comfortable?

Know how to spend your money is why people don't have money

Seems like housing is the chief issue with pinching Americans' pocketbooks. The outlandish cost of housing these days needs to be fixed over the coming years. Build, build, build.

Every day I become more grateful for the fact that I make a comfortable six figure salary and have minimal debt

Thanks Biden! 🤦🏻‍♂️

Live in Germany and the numbers seem incredible. Basically having no financial reserves, living from pay cheque to pay cheque and using credit cards ( the worst possible option if unpaid on time) seems like financial madness. This especially, as the social security payments worse in the US. Frankly found this alarming, as the USA is a consumer driven economy which seems to be unable to provide a good level of security for so many of it's citizens. On my visits to the US was allways told best and strongest country in the world to live - Germany maybe a bit old-fashioned, but for the average Joe you are a lot better off. If a recession comes a lot of these people are really going to get hit hard.

Strong together.

It’s impossible without rich parents , or hook ups , I make 32 dollars an hour and I’m struggling

Close to 50 percent of Inflation is driven by corporate price gouging. This is not something companies HAVE to do, but the decision makers in these companies would have you believe it to be necessary.

Get a roommate. Rent a room. Get rid of pets, work 2 jobs. Learn a trade. Get rid of credit cards. Not everyone deserves to live alone in an apartment. Stop buying junk. You don't need a lot of clothes. You don't need fancy food.

to be good, you need at least 60k a year. Americans worldwide are too lazy to cook and spend at least 50 to 100$ a day on takeout when they can use that for food that you can cook. Its Americans spending habits more than "living comfortably", come on guys, we live a 1st world country. and also about budgeting money too.

Thank you Joe and Co

233k to live comfortably?
RIDICULOUS.
😂😂😂
How about You don’t spend more money than you make?

What can we do about this to make life affordable and less stressful? I’m tired of hearing about the problems alone but no solutions. This world sucks and the united states is messed up. It should be illegal for people to be working and not able to afford to live. I live in south Florida working 7 days a week 12 hour shifts and still struggling to make ends meet this makes no sense 🤦🏽‍♂️

You can't get ahead with taxation as crazy as it is. Taxes for your cars, houses, paychecks, groceries, clothes. Rising utility cost, food costs, fuel cost. The ones profiting at levels never seen by overcharging for food, gas, and housing are vipers.

Comparing median rent to median wage misses something...
It should be median household income
The median household income in the us is >$75k.
That easily covers median rent.

Also if you're paying mortgage instead of rent... well you're already saving in a way (especially if you're living with kids in a bigger house than you'll need when yoy retire)

Finally if you just travel a little bit or study how people lived 30-50 years ago you'll realize that much of current day americans "needs" are actually "wants"

Here’s a bright idea:
🔥💣 the Federal Reserve Building

I’ve been watching this video, including the Canadian, the UK, and some other countries it looks like all countries are having this problem, some are worse than others

Rent and groceries are too damn high!!

the answer is to many people are going from lower class to middle class, the government want the 60-30-10 rule for classes
60% lowerclass, 30% middle class, 10% upper class. once more people fall into the poor category, rates will start dropping and inflation will be over

Come on
Continue printing money...

Americans we will be fine

You all get free money, now time to pay back😂😂😂. Who receives free millions can still squeeze money from average American... . Very fair 👏

wow it's almost like elections have consequences. We must continue to spread our borders wide open for the entire 3rd world to penetrate as well as fund billions more to Ukraine - Russia must not win at ANY COST. I'm fine with paying a dollar more in gas to save Ukraine! Also, we are fighting climate change more effectively now.

Comfy income was 3x home loan payment or rent payment

My paycheck is adequate unless I want to pay for health insurance for my family.

😅 we are all so screwed

Thanks Biden

The biggest problem is companies and businesses owners, we are told that we are lucky to just have a job, we are told that we cannot have raises etc because the companies and businesses owners are not making money. We are all lied too. I think the government needs to step in. They obviously see it when these companies and business owners do their taxes. THATS THE PROBLEM. if all these companies are getting tax cuts and breaks and we are struggling I think the tax breaks need to end. The money needs to be moved back to the worker

Simple rule of thumb, you can not spend the money you don't have. No matter your earnings, you need to save at least 10% of your income. You cannot have your daily over priced Starbucks, paying for baseball, nba or footbal tickets, eat out every day, going to concerts, have several streaming means and ultimately building credit card debts and be financially secure. We need a book for people called " Finance for Dummies " and teach people finance.

If you believe you need $233,000 to be financially comfortable; you deserve to live paycheck to paycheck.

It’s the same here in Switzerland. We live paycheck to paycheck

“Instead of saving up for that new toy let’s put it on the credit card and get it now!” - instant gratification is the reason 99% of these people are in financial trouble

In 30 years 50% of Americans will be homeless.

$80 bucks an hour would be nice, though I'd settle for $40.

You’re forgetting utilities, education, medical and transport bills

Health is $96/month? You gotta be kidding me. These numbers are so wrong it's not even funny

This isn’t an income problem. This is a taxation problem.

Car is not a basic need. That's on US citizens so they can suffer. No one asked them to vote for politicians who don't prioritize good spatial planning and public transport.

Same case with universal healthcare

😂 let the wicked be rewarded wickedness for rejecting the Lord😂
“Thus saith the LORD; Cursed be the man that trusteth in man, and maketh flesh his arm, and whose heart departeth from the LORD. For he shall be like the heath in the desert, and shall not see when good cometh; but shall inhabit the parched places in the wilderness, in a salt land and not inhabited.”
‭‭Jeremiah‬ ‭17:5-6‬ ‭KJV‬

This video is sooo full of sh*t. Social Security keeping you out of poverty? What a crock. Social Security IS poverty.

I keep trying to tell people that saving is not possible these days and I keep getting told "stop spending your money on stupid things"......if stupid things mean rent and bills and food then I guess I'm stupid.

Why are we even talking about this?? This is all by design and always has been. Consume,consume,consume…keep people poor and dumb and you have complete control over them. It’s how the country was built.

Now Take the Median and Not the averag

This is 😢 insane!

Ban inflation and deflation all together. Taxes alone are enough inflation.

Spread the depression, thanks

"and it's not your fault" ? 🤷‍♂🤡 Of course not, certainly don't take any personal responsibility 😆

Don't go to college. Trades are paying for your school and you'll have a skill you can take anywhere in the country. Pay is high as well.

Take a dump on Biden’s chest

Way off. Heath premiums and out of pocket way more. Average monthly income for many not near that. Every month is a struggle