The irony is that some of the wealthiest people I’ve met seem the least happy and settled. It’s so strange.
The concept of having “enough” is fundamentally incompatible with the hyper-growth startup, social-media driven society that we’re creating. Because having enough means that you’re giving up on the rat race, at least to a degree.
This unhealthy obsession was in large part what drove the United States to what it eventually became in 2019 over just a few hundred years. This is probably an unpopular sentiment, but what makes us bad is often what makes us good. It is not like this obsession has no upside.
It makes society run so much faster. But can't guarantee that it runs in the right direction. And so many signs say it's not.
>>> giving up on the rat race
means I end up in a tough position. Either I leave the race, knowing that I'll have hard time to finance another race (kids, etc.); either I stay in, but then it means doing things I don't like.
middle class man's dilemma.
There’s not a single county in the US where a minimum wage income covers the cost of a two-bedroom apartment.[1]
Economically, we’re entering a new gilded age where legislative decisions increasingly favor the wealthy at the expense of everyone else.
0: https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2018
1: https://www.usnews.com/news/best-states/articles/2019-06-20/...
Individual, not household. And that appears to cover all "wage earners", including cases like college students working part time. Median household income is $63k according to https://www.census.gov/library/stories/2019/09/us-median-hou...
I'm going to call bullshit on that. Federal minimum wage is over $1000 per month at full time and I've seen 2br in my county for $550+utilities. I don't disagree with your general point but that report did a piss-poor job. I suspect they only looked in urban areas.
This is only true if you define paying for said apartment using the 30% of your income rule of thumb, which on top of a two bedroom apartment on minimum wage for a single earner is REALLY stretching reality. Federal minimum wage covers it if you increase 30% upwards easily in a lot of counties.