• foggy@lemmy.world
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    1 year ago

    If I bought an average 4br 2 bath house today and got two average car leases and spent an average amount on utilities, taxes, food, kids clothes, and live an otherwise austere life, it would run about $7500/month.

    If I wanted to save for vacations, hobbies for the kids… Pay for private school and college? Itd be about $14k/mo.

    So basically raising 3 kids requires your household pulls down between $150k and 350k to live the American dream.

    Minimum wage pays $14,500/year.