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Originally Posted by GPK
This is from your post #996 in this thread
Gross income 9k per month
Car payments= 600 per month.
student loans= 300 per month.
mortgage payment=3500 per month
Credit card debt= zero
lets do the math here GPK. 9k gross means they are taking home about 6000 per month. Debts equal 4500 per month. Now add utitlies, phone, insurance, food, gas, etc.
This is the middle class in our area. What is wrong with this picture?
That $1,500 plus the other $1,300 we deducted from a smaller house/townhome and reducing 1 car payment = $2,800
I have a ton of my contempararies that live in the Northern Va/Washington DC area. I used to travel to that area alot for business, so I have a fairly good idea how the cost of living is up there.
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So in essence what you are saying is that the quality of living has actually gone DOWN in this country for most. You are now saying that this family of four has to live in a townhouse and work multiple jobs in order to make it work even though they are educated and skilled.
Again, whats wrong with this picture?