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What Living On $100,000 A Year Looks Like

I have no political thoughts here, just thought this was an interesting look at modern struggles with money and debt.

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4 comments

  • MacTexas

    MacTexas 5 days, 18 hours ago

    Olathe is the county seat of Johnson County Kansas. I grew up in Johnson County and it seems to me someone does not know how to manage money. The most expensive thing about living in Johnson County is the property taxes but the school districts are among the best in the nation. I feel like I got my moneys worth with my education.

    Reply

    • glen

      glen 5 days, 17 hours ago

      I live a county over (Douglas), and I'd agree that the area is a pretty cheap place to live, compared to other expensive parts of the country.

      Reply

  • Razorback

    Razorback 5 days, 13 hours ago

    The article appears to be skewed to make it appear $100K is not enough money for people to survive on. Short of living in a very high-rent area (New York, L.A., San Francisco, etc.), $100K should provide for a very comfortable living. However, the underlying theme I get with these particular examples is the accumulation of massive debt. Sadly, this is typical in America. More so that the majority is often unnecessary debt (using credit cards to buy material things that are wanted, not needed).

    To me, the more disturbing statistic not mentioned in this article is the fact that most Americans save almost nothing for their future. This is not always because they do not make enough money. It is mostly due to the fact they choose to spend everything they make. There will be a tidal wave of Gen Xer’s that will have nothing to provide a living in retirement. This burden will ultimately fall upon future generations to support in the form of more government programs, higher taxes, etc.

    Reply

  • 57plymouth

    57plymouth 5 days, 10 hours ago

    I live very comfortably on much less than $100K with a family of 3. I guess if you drive older cars ( or much much older in my case) and don't care if you have name brands, life can be pretty sweet on a lot less than $100K.

    Reply