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submitted 2 years ago by [email protected] to c/[email protected]
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[-] [email protected] 12 points 2 years ago

I think the article suggests living wages to live like a king.

The criteria they used is that "50% of income is used to cover necessities, such as housing and utility costs, 30% goes toward discretionary spending, and 20% is left for savings or investments.".

I don't know anybody who makes under six figures and saves or invests 20% of their income, and 30% discretionary spending seems like a LOT.

If the article were more realistic, the living wage amounts would be significantly lower than reported. As stated, it would leave people very comfortable.

this post was submitted on 29 Aug 2023
371 points (96.5% liked)

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