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01-06-2011, 12:53 AM
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#796
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grinder
Join Date: Jan 2009
Posts: 697
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Re: Does earning $65k per year mean you're poor?
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Originally Posted by DLU
Cut your spending and pay off that debt.
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Get outta here with your retarded advice..wtf?
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01-06-2011, 06:19 PM
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#797
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Pooh-Bah
Join Date: Jan 2010
Location: Canada, right guys?
Posts: 3,921
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Re: Does earning $65k per year mean you're poor?
Quote:
Originally Posted by runLOLArun
My net pay, (every 2 weeks) after federal, state, AND city taxes (plus FICA, etc.) are deducted amounts to $1,850, or $3,700 monthly.
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somewhat grunching, but this is the crux of the whole matter. you dont make $65k a year. calling your pretax amount of earnings your income is just silly unless an accountant asked you how much you make. otherwise, the only relevant # is how much of your income you have to spend.
you bring in roughly $44k a year. and yes, thats kinda poor for NY.
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01-07-2011, 01:27 AM
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#798
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old hand
Join Date: Apr 2009
Location: Winnpeg
Posts: 1,589
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Re: Does earning $65k per year mean you're poor?
Quote:
Originally Posted by Dying Actors
somewhat grunching, but this is the crux of the whole matter. you dont make $65k a year. calling your pretax amount of earnings your income is just silly unless an accountant asked you how much you make. otherwise, the only relevant # is how much of your income you have to spend.
you bring in roughly $44k a year. and yes, thats kinda poor for NY.
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Pretty much every person I can think of refers to their gross income when talking about what wage they make.
Taken from Wiki;
Quote:
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New York City's per capita income in 2000 was $22,402; men and women had a median income of $37,435 and $32,949 respectively. 21.2% of the population and 18.5% of families had incomes below the federal poverty line; 30.0% of this group were under the age of 18 and 17.8% were 65 and older.
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01-07-2011, 02:23 AM
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#799
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adept
Join Date: Dec 2003
Location: Ban CNN!!!! Wookie said so!!!!
Posts: 913
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Re: Does earning $65k per year mean you're poor?
Quote:
Originally Posted by Dying Actors
somewhat grunching, but this is the crux of the whole matter. you dont make $65k a year. calling your pretax amount of earnings your income is just silly unless an accountant asked you how much you make. otherwise, the only relevant # is how much of your income you have to spend.
you bring in roughly $44k a year. and yes, thats kinda poor for NY.
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It is kind of poor if you choose to live by middle class standards, otherwise 65K is plenty to get by.
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01-07-2011, 10:40 AM
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#800
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Carpal \'Tunnel
Join Date: Jun 2004
Location: 10x the man Clarkmeister is
Posts: 20,037
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Re: Does earning $65k per year mean you're poor?
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Pretty much every person I can think of refers to their gross income when talking about what wage they make.
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This.
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01-07-2011, 01:31 PM
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#801
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Carpal \'Tunnel
Join Date: Jun 2005
Location: Chapel Hill, NC (UNC BABY)
Posts: 25,650
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Re: Does earning $65k per year mean you're poor?
What's the median income of people living in Manhattan? NYC is huge and some boroughs are pretty poor. 65k is a wage you could live in reasonably well with 2 people in one of the poorer boroughs but for Manhattan you'd be struggling.
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01-07-2011, 03:08 PM
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#802
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veteran
Join Date: Jun 2009
Location: Memphis, TN
Posts: 2,109
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Re: Does earning $65k per year mean you're poor?
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Originally Posted by runLOLArun
I eliminated both cable and my landline. Don't pay extra for data, only $40/month for MetroPCS includes everything. I'm a film buff but no longer go out to the movies, watch everything through Netflix.
I do eat (and drink) cheaper now. I shop TJ's and Costco regularly, but no Walmart in NYC. I have a cheap car now/low insurance premium, just repairs get expensive but I try to do as much myself as possible now, including oil changes.
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If you don't mind me asking, how much do you owe on your credit cards now?
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01-07-2011, 03:31 PM
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#803
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Carpal \'Tunnel
Join Date: Aug 2007
Location: Free Hugs!!!!
Posts: 20,251
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Re: Does earning $65k per year mean you're poor?
Quote:
Originally Posted by Online Veteran
If you don't mind me asking, how much do you owe on your credit cards now?
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I'm pretty sure OP got run off by the latest oot culling.
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01-07-2011, 03:55 PM
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#804
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adept
Join Date: Dec 2003
Location: Ban CNN!!!! Wookie said so!!!!
Posts: 913
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Re: Does earning $65k per year mean you're poor?
Quote:
Originally Posted by capone0
What's the median income of people living in Manhattan? NYC is huge and some boroughs are pretty poor. 65k is a wage you could live in reasonably well with 2 people in one of the poorer boroughs but for Manhattan you'd be struggling.
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I am pretty sure that median income in Manhattan above 125st is well bellow 65K.
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01-07-2011, 05:56 PM
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#805
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banned
Join Date: Oct 2010
Posts: 221
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Re: Does earning $65k per year mean you're poor?
racist ban
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01-10-2011, 11:21 AM
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#806
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Crimson Challenge Conqueror
Join Date: Jun 2005
Location: Muppet Labs
Posts: 11,996
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Re: Does earning $65k per year mean you're poor?
Quote:
Originally Posted by capone0
What's the median income of people living in Manhattan? NYC is huge and some boroughs are pretty poor.
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Pretty sure this has been said in this thread, but it's hard to compare averages in NYC, because so many of the poor people live in subsidized housing. I know plenty of families who live on less than $30,000 a year. They either have had rent controlled apartments in their families for decades and pay <$400 a month rent, live in projects, or they own houses that were built in the 30's by hand and the tax assessors think it's an empty lot.
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01-10-2011, 12:29 PM
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#807
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Carpal \'Tunnel
Join Date: Jul 2006
Location: Michigan
Posts: 18,843
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Re: Does earning $65k per year mean you're poor?
move to crooklyn
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02-04-2012, 07:13 PM
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#808
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Carpal \'Tunnel
Join Date: Jun 2003
Location: Downeyayshun, hon
Posts: 12,349
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Re: Does earning $65k per year mean you're poor?
Quote:
Originally Posted by Dr. Spaceman
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bump, mostly for this pic
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02-04-2012, 07:18 PM
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#809
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Carpal \'Tunnel
Join Date: Feb 2006
Posts: 9,990
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Re: Does earning $65k per year mean you're poor?
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Originally Posted by miajag
bump, mostly for this pic
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Thanks for not making me hunt for it. So good.
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