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THE AVERAGE AMERICAN MAKES ABOUT $1.5M IN THEIR LIFETIME. 1/3 OF THAT GOES TO TAXES.
 THE AVERAGE HOME NOW COST ABOUT 1/2 MIL$.
 THAT LEAVES ABOUT $500K FOR THEIR ENTIRE LIFE | image tagged in funny memes | made w/ Imgflip meme maker
138 views 9 upvotes Made by Amfonee 4 days ago in politics
17 Comments
1 up, 4d,
3 replies
If you can't live on that, you're too stupid to live. And you shouldn't buy a half million dollar house.
1 up, 4d
Just say you don't pay any bills .....
0 ups, 1h
Depending on where you live that’s nothing. Around here just affording rent on a one-bedroom apartment in a neighborhood where you’re not likely to get shot would be $1.44 million over an average lifetime, and that’s without accounting for inflation. Groceries for one person add another $2.19 million. Water, electricity, phone, internet, and transportation would also be non-luxury needs, and then there’s the medical expenses you’ll inevitably have as you get older.

And all that’s just to live a spartan lifestyle where you have zero comforts, never getting any entertainment materials or eating at even a shitty restaurant, just going to work each day and hoping in your down time to attract a mate that isn’t into people with money.
0 ups, 4d,
1 reply
how much to you spend on groceries for a week?
2 ups, 4d,
1 reply
I spend over $300 a month easy.
0 ups, 3d,
1 reply
if you spend 300 a month and you are paying for groceries for about 50 years you are spending around 180,000 on that alone bills take up huge chunks of this
0 ups, 3d
I need to stop eating then.
1 up, 4d,
1 reply
1/2 mill?

Where the hell do you live?
0 ups, 4d,
1 reply
$500k is the median home cost in America.
0 ups, 3d,
1 reply
So, a couple of things are out of context. House prices depend on many factors like location, size, and condition. You can maybe say the average 2 bedroom house with 1200 sqft in rural or poor neighborhoods in about $70k. You can start measuring from there. What your meme implies is the fact that people in America like to spend more than they can afford. For example, a middle-class family would rather get in huge debt they can't afford and buy an upper-class home $500+ than buying a humble middle-class home under 200k or a rural bad neighborhood home at 70k. It is their choice, just that lots of people make bad choices.
0 ups, 3d,
1 reply
No. The average median house, for the average family is ...$500k. Period
0 ups, 3d,
1 reply
How many bedrooms house? What size are those? Median seems to exclude all that information now does it? Also, why are families that can't afford a 500k home not buying 70k homes which are available?
0 ups, 3d,
3 replies
Median gives all the information bc it means the middle of average lol
0 ups, 3d
But what is the average 1bd, 2bd? What about br? How many sqft? what is the median on those?
0 ups, 3d
You also have supply and demand. More populated areas have higher cost houses because there is no more room to build... etc. People have choices to afford cheaper homes.
0 ups, 2h
That doesn’t make it typical. Mode is a far more useful metric. Averages are skewed by extreme, atypical values.
1 up, 4d
And billionaires get permanent tax cuts.
Go figure.
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IMAGE DESCRIPTION:
THE AVERAGE AMERICAN MAKES ABOUT $1.5M IN THEIR LIFETIME. 1/3 OF THAT GOES TO TAXES. THE AVERAGE HOME NOW COST ABOUT 1/2 MIL$. THAT LEAVES ABOUT $500K FOR THEIR ENTIRE LIFE