By 2019 I finally felt as though I’d entered the middle class. I had enough earnings to save, go on vacations and spend on some luxuries. I worked my butt off during the pandemic to the point that my gross salary increased by more than 10% year on year. However I now look at my lifestyle and the cost of everything and I’m back to feeling poor again.
|by Anonymous||reply 25||June 24, 2022 12:33 PM|
Inflation, exacerbated by pointless sanctions.
|by Anonymous||reply 1||June 22, 2022 2:38 PM|
At least you tasted the manna, once. You've had that experience.
|by Anonymous||reply 2||June 22, 2022 9:27 PM|
Working class wages have stagnated for decades, while the super rich get super richer. Traditionally however the super rich can protect this state of affairs and their own security by buying off some sections of the working class with rising standards of living: but it seems like the trick is getting harder to repeat.
|by Anonymous||reply 3||June 22, 2022 9:32 PM|
Seems like we are past rising living standards, now they are whipping them up into a mob.
|by Anonymous||reply 4||June 22, 2022 9:38 PM|
Take pride in knowing what you achieved in the past and know with confidence that you will overcome again.
|by Anonymous||reply 5||June 22, 2022 9:51 PM|
R5, that's a lovely sentiment, but it doesn't pay the bills.
|by Anonymous||reply 6||June 22, 2022 9:58 PM|
Okay r6, then you're circling the drain and don't even have the initiative to help your slovenly self
|by Anonymous||reply 7||June 22, 2022 10:01 PM|
[quote]I had enough earnings to save, go on vacations and spend on some luxuries.
This is why the poor always remain poor. Spending always increases when income increases.
People are never taught how to create wealth from earnings.
|by Anonymous||reply 8||June 22, 2022 10:06 PM|
R7, it was a joke. Lighten up, Lucille. When was the last time you were laid? 1978?
|by Anonymous||reply 9||June 22, 2022 10:06 PM|
You can't make peanut butter out of shit, R8.
|by Anonymous||reply 10||June 22, 2022 10:07 PM|
I feel for you OP. NYC just announced rent increases for rent stabilized apartments. 3.25% - 1 year/5% increase- 2 year. I was just feeling that I was getting my head above water and wham we’re back to the Bloomberg years.
|by Anonymous||reply 11||June 22, 2022 10:12 PM|
But people under 35 are 'snowflakes' who 'won't leave their parents' basements'. Not as if they can't afford to, or anything...
|by Anonymous||reply 12||June 22, 2022 10:14 PM|
[quote]You can't make peanut butter out of shit, [R8].
LOL - you appear to have failed to read the post where the OP discusses signficant increases in earnings, r10.
No one is suggesting squeezing blood from a stone. OP specifically mentions spending more as income rose and now feels poor even though his income is higher because - surprise Pikachu face - "However I now look at my lifestyle and the cost of everything and I’m back to feeling poor again."
|by Anonymous||reply 13||June 22, 2022 10:14 PM|
I know, R13. I just pretend to care about everyone.
|by Anonymous||reply 14||June 22, 2022 10:16 PM|
Well, as a rule of thumb, you should save 50% of all raises. However, if rent and other costs increase then it becomes quite difficult to bank the raises. Best of luck to everyone and fasten your seatbelt.
|by Anonymous||reply 15||June 22, 2022 10:19 PM|
Most people wast ridiculous amounts of money. Google how to be a thrifty bitch. I’m sure there is plenty of fat in you….r budget OP
|by Anonymous||reply 16||June 22, 2022 11:09 PM|
You should always spend like you're in a lower tax bracket, because one never knows what the future holds.
|by Anonymous||reply 17||June 22, 2022 11:11 PM|
Not enough information in the OP’s post- how does one go from poor to financially secure back to poor in 3 years without a loss of employment or some other financial earthquake. I think this is most about perception if not an EST post.
|by Anonymous||reply 18||June 22, 2022 11:22 PM|
Poor again. Just can’t wait to get poor again.
|by Anonymous||reply 19||June 22, 2022 11:31 PM|
[quote] You should always spend like you're in a lower tax bracket.
What if you earn so little you don’t pax tax?
|by Anonymous||reply 20||June 23, 2022 12:36 AM|
So sad about The Poors.
|by Anonymous||reply 21||June 23, 2022 1:26 AM|
Ok so a few things: Every raise I got I increased my 401k which is currently at 21% so I feel like I am saving enough. I didn’t increase my standard of living all that much, one vacation a year isn’t too much to ask is it? On top of those two things I felt like I had additional money which was strange so I built up an “oh shit” emergency cash fund. This year that is extra additional cash is GONE and I cannot afford a remotely decent vacation. I know, first world problems.
|by Anonymous||reply 22||June 23, 2022 5:35 PM|
Yes, OP, it does sound like first world problems. Life has ups and downs. Sounds like your basic needs are met, still.
|by Anonymous||reply 23||June 23, 2022 5:47 PM|
This is starting to sound like a stealth thread of how everyone is so much worse off, so naturally we should get rid of Biden and vote for rethugs in midterms....
|by Anonymous||reply 24||June 23, 2022 9:40 PM|
OP = Original Poor
|by Anonymous||reply 25||June 24, 2022 12:33 PM|