Drag to reposition your photo

Reid Reasor

Report this User

Status Update

Reid Reasor

May 16, 2024 11:39 am

THE SILENT DESPERATE DEPRESSION OF OUR YOUNG GROUP America may need to socially change, so that our kids STAY home with us until they can make about $30.00 an hour. That may take years, they may eve... View MoreTHE SILENT DESPERATE DEPRESSION OF OUR YOUNG GROUP America may need to socially change, so that our kids STAY home with us until they can make about $30.00 an hour. That may take years, they may even need to get married and live with us until they can make $30.00 an hour. WHY? The NEW ECONOMIC stink bomb is huge! Do we even understand how the FED has destroyed the American dream, INTENIONALLY! I don’t really feel it as bad as these young kids because I’m on the frontside, secure with my retirement, our fixed 30 year mortgage (that they desperately want me to change) and my income is more than my expenses (not by much). IMAGINE THIS … the AVERAGE single bedroom efficiency apartment is $1800.00 in America. WE were always taught NO MORE than 1/3 of your income on your housing. THAT’S $1800.00 X 3 = $5400.00 a month net needed (add the tax of 12 %) = $6136.00 or $73,632.00 INCOME NEEDED TODAY to get to 1/3! Not happening today, so what IS happening today. Let’s say min wage of $7.36. THAT’S $14,720.00 a year (no tax) housing costs of $21,600.00 … no go! So let’s say min wage of $15.00 (California/Washington etc) THAT’S $30,000.00 a year (no tax) with housing costs of $21,600.00 so that leaves $8,400.00 a year to live on, or $168.00 a WEEK for food/clothing/medical/dental/gas/car ETC … no go! Let’s say min wage is $20.00? THAT’S $40,000.00 a year (no tax) with housing costs of $21,600.00 so that leaves 18,400.00 a year to live on, or $368.00 a WEEK for food/clothing/medical/dental/gas/car ETC … no go! HERE'S THE DEATH … YOUNG KIDS CANNOT LEAVE HOME AND MAKE IT RIGHT AWAY … they can’t. They know this, and they hate Washington (and us) for it. Let’s do a real budget for WHEN they CAN leave home! Mortgage/Rent $2,000.00 Heat $85.00 Electric $95.00 Car payment $186.00 Food for home $650.00 Beverages $30.00 Restaurants $80.00 Clothes $40.00 Shoes $20.00 Life Insurance $25.00 Car Insurance $120.00 Fuel $120.00 AAA $55.00 Car maintenance $25.00 Internet $35.00 Credit Card $120.00 Licenses $10.00 Books etc $10.00 Movies $16.00 Misc $40.00 Poor donation $200.00 Medical/Dental $400.00 SUMMARY $4440.00/Month needed $4880.00/Month Salary $58,560/year or $30.00/hour How many businesses can pay $30.00/hour and survive? THEY CAN'T EVERYBODY KNOWS IT, and WE NEED TO ADAPT to what THEY in DC have done to us.

View Less

Cb85

The result. Buy a couple acres live in a tent crap in a hole collect rain water live poor for many years. We dong go out to eat, have aaa, don’t have medical or dental, no movies, no credit card debt internet and phone together are 25$, don’t buy soda, I have never had a car payment, heat with wood... View More

1 May 16, 2024

Cb85

But still. We live much better than they did 100 years ago.

May 16, 2024

Recent Photos

View More Photos