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16 sats \ 1 reply \ @kepford 23 May \ parent \ on: The Income a Family Needs to Live Comfortably in Every U.S. State econ
Yeah, I'd be curious how they define "comfortable". I can tell you, where I live very few have these salaries and most seem pretty comfortable to me.
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10 sats \ 0 replies \ @0xbitcoiner OP 23 May
“Comfortable” is defined as the income needed to cover a 50/30/20 budget, with 50% allocated to necessities like housing and utilities, 30% to discretionary spending, and 20% to savings or investments.
The calculations for family income needed in each state were done by SmartAsset, using the cost of necessities sourced from the MIT Living Wage Calculator, last updated on Feb. 14, 2024.
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