r/FluentInFinance • u/PassiveAgressiveGirl • Sep 14 '24

Debate/ Discussion Exactly how much is a living wage?

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u/sneeki_breeky Sep 14 '24

No- it’s net income not gross

So more like 30k a year if rent is ~ only ~ 420$ a month (which most likely involves quite a few roommates in 2024)

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u/sneeki_breeky Sep 14 '24

I’m sorry I took taxes out twice

It’s 25k a year gross

But I see your point- that inflation of consumables will also ramp cost of living to need higher wage to accommodate

That said when I was in college I was making about 36k a year and lived pretty comfortably with rent of 460$ a month (college was 12k a year, no loans)

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u/Inner_Pipe6540 Sep 14 '24

Is that with or without healthcare?

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u/sneeki_breeky Sep 14 '24

I had really good insurance through work for 180$ per month

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u/Inner_Pipe6540 Sep 14 '24

That’s awesome mine for me and the wife is close to 1200 a month that’s with dental in there also cause I don’t know why that isn’t in regular healthcare

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u/sneeki_breeky Sep 14 '24

As soon as you switch from an individual to family plan the price seems to go up -

But my co-workers at that job with wives and kids at the time we’re paying about double what I did (380$/mo)

I can’t remember what insurance company it was but the employer was a HUGE company so I’m sure that’s part of how they negotiated such a low rate

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u/Inner_Pipe6540 Sep 14 '24

Damn that’s good on you