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.
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.