return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 2 days agoStudy: Hopeful homebuyers need income of nearly $117,000 to afford typical home in U.S.www.bankrate.comexternal-linkmessage-square29fedilinkarrow-up1220arrow-down11
arrow-up1219arrow-down1external-linkStudy: Hopeful homebuyers need income of nearly $117,000 to afford typical home in U.S.www.bankrate.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 2 days agomessage-square29fedilink
minus-squareBroadfern@lemmy.worldlinkfedilinkEnglisharrow-up11·2 days agoGross income (before taxes) for US federal minimum wage is $15,080 for full-time. So, close to 10x less.
minus-squareHubertManne@piefed.sociallinkfedilinkEnglisharrow-up5·2 days agomy mistake. my states is like twice that and the region I am around near the city is higher. Did not realize the federal was still so low.
minus-squareReallyActuallyFrankenstein@lemmynsfw.comlinkfedilinkEnglisharrow-up6·2 days agoFederal minimum wage was last raised to $7.25 per hour effective July 24, 2009. It’s a good thing that was definitely a livable wage in 2009 and that there hasn’t been any inflation since then.
Gross income (before taxes) for US federal minimum wage is $15,080 for full-time. So, close to 10x less.
my mistake. my states is like twice that and the region I am around near the city is higher. Did not realize the federal was still so low.
Federal minimum wage was last raised to $7.25 per hour effective July 24, 2009.
It’s a good thing that was definitely a livable wage in 2009 and that there hasn’t been any inflation since then.