Doesn't seem like they're getting their money's worth.
The Average American Spends $3.3M over Their Lifetime
61–62 of 62 posts
Re: The Average American Spends $3.3M over Their Lifetime
#62I would be more interested in the median. Also note that, as a back of the envelope calculation, $15/hour x 40hour/week x 52week/year x 40years = $1.248M.
Right I guess the most realistic thing about this calculation is that people who make 15 an hour have no vacation cause they can’t afford to vacation. Let’s play it out: After taxes probably looking at closer to 900K. After paying off a 30 year mortgage, probably left with 500k? For simple math let’s say I 400k over 40 years that’s 10k left over per year to cover food and all the necessities of life. They’re living o…
>They’re living on a knifes edge and an inevitable emergency completely derails them.
I know what you mean, $1.248M sure doesn't buy what it used to any more.