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Americans with six-figure incomes are in 'survival mode' (www.usatoday.com)

submitted 3 days ago by return2ozma@lemmy.world to c/nottheonion@lemmy.world

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[–] stoly@lemmy.world 9 points 2 days ago (1 children)

$100,000 with a child is nothing. Two or three children? You're struggling.

[–] qjkxbmwvz@startrek.website 4 points 2 days ago

In a VHCOL area, $100k with one child is extremely tough/you're likely dipping into savings. Our daycare alone is over $40k/yr per kid, and only $5k ($7500 next year) is fully tax exempt.

Median 2 bedroom in my area is over $50k/yr.

$100k doesn't cut it. "Just move to a cheaper area" is IMHO not a proper response to this---anyone who works in my city should be able to afford to raise a family here, with a high quality of life/standard of living, but that's not really the case.