General Discussion
In reply to the discussion: What would you consider a "living wage", in the current economy? [View all]sorrybushisfromtexas
(491 posts)My son lives in a high rent area. He made $107,000 last year. He has no credit card debt but is smothered by student loan and medical debt. He does not even have cable t.v. He barely makes it. He works two jobs, has a wife that does not work, and two kids.
He is not healthy, has a couple of hospital visits a year, both kids have had surgeries, and my daughter in law has rheumatoid arthritis.
There is about $1000 a month payment on student loan debt, $1350 a month rent, $650 a month on car payment on 1 car( daughter in law wrecked a car they were upside down on so they paying for two cars even though they have one. They have over 25,000 in medical debt.
He lives paycheck to paycheck. If he misses a day of work they are in the hole. He missed Friday because of sickness and has had two ER visits this weekend. He will probably miss work at least 3 days next week. They are toast this month.