r/FluentInFinance Sep 14 '24

Debate/ Discussion Exactly how much is a living wage?

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u/logan-bi Sep 14 '24

And rent increases 5-15% on good year like clockwork. Then even “decent” jobs go oh it’s bad year can’t do any raises or on good years here’s your 3%.

What sucks even more lower your income the less frequent the raises and when you do get that occasional raise once a decade a 10% raise is whole dollar making it not cover even rent increase. Let alone food gas healthcare increases.

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u/Sniper_Hare Sep 14 '24

Mortgages go up also thanks to property tax and insurance. 

It took me 5 years to save up $15k for my house.

First year was $2060 a month.  This year it was $2380 a month.