I was just thinking about this because the neo-conservatives keep saying how good the economy is doing, but what the hell does that mean to you an me.
Personally over the past 15 years the base salary for a good sales person in telecom is about $60 - $75K, so using that as an example let me start there.
OK let's say with commissions you're makeing $100K just to use round numbers.
Your taxes around 30% so your take home is $70K which equals a budget of $5,833 per month.
So lets go back in time to 1990, and I'm only going to use housing, utilities and gas in this example
Average house maybe $150K = $900 a month
Utilites around $80 a month
Gas $100 a month
Total expenses = $1080 leaving $4,753, which is nice
Now in today's world
Average house hmmmm $350K = $2,100 a month
Utilities around $250 a month
Gas $400 a month
Total expenses = $2,750 leaving $3,083 so we've lost $1,670 bucks.
So the bottom line is this, this supposed great economy can kiss my ass, because as Americans our starndard of living is going to crap in my opinion, and I haven't included increases in food, car prices and other non-standard living expenses.....