We can crunch numbers and pull stats and say “well you’re not doing this right is why you’re broke” but the struggle is real out here. I’ve paid my house off and own the land it’s on. I earn around $45hr with added weekly cash incentives, have no house payment and still have to closely watch my spending. I made far less money during the pandemic but still managed to pad a savings account and I was STILL PAYING A MORTGAGE at that time. Something is very wrong. I do not like spending money. If I’m hurting making what I’m making living in a house that’s paid for can you imagine what the average American is feeling right now..Money just goes so fast these days.
That something is corporate greed, plain and simple, prices went up due to covid and never came back down, the wealth transfer ongoing is hurting the middle class. People can try to sugarcoat this however they want but the numbers do not lie, the rich are getting richer at a accelerated rate and the middle class are getting poorer as our wealth transfers over to them in the form of higher prices etc...the same people that run and fund these companies etc choose to pay workers less, decrease benefits, and raise the prices of their goods and then send the profit to the shareholders ( which are themselves as 93% of all private stocks are owned by the top 10% of American earners) instead of better wages and benefits for the workers. So we see our buying power decrease, we see our wages grow much slower than COL increases, our healthcare has become ridiculous as the employers shift more and more of the cost to the workers so they can send more profit to the shareholders IE themselves....
Your post is 100% spot on pre covid everything was fine, now we are darn near paycheck to paycheck, my cash reserves have melted away ( we easily had 4-5 months of bills covered in checking alone), luckily I have a decent 401k and will inherit some wealth so I have a bit of a safety net. The point is its a damn shame that a combined annual income of 130k in eastern NC is not enough money to have a house, afford new vehicles, etc, we went on one vacation all year etc. I guess I could do like so many others and just run my credit cards up but I hate doing that so my credit load is low compared to most middle class folks.
I still have 8 yrs to go on my mortgage though, and I really want to replace my 20 yr old truck, however when I was looking around I couldnt even find a older truck with 50-100k plus miles on it for less than 600-700 a month, if I went new and full size its 1000 plus a month and I have great credit. In 2019 I bought my wife a Nissen Rogue and my son who just turned 16 a Nissen Versa and together they were 700 a month brand freaking new, and the Rogue was the upgraded package. Now a new base model Rogue is $600 a month by itself...
AI says me and the wife need to make 200k a year now to live a comfortable life....thats roughly $95 bucks a hr combined....so we need about $30-40 dollars worth of raises between us to fall inline with that figure.
A $120,000 annual household income is no longer enough to live "comfortably" for a typical family in North Carolina. While $120,000 remains well above both the national median income ($83,730) and North Carolina's statewide median, rapid shifts in the cost of living have dramatically moved the goalposts. Recent economic data from 2026 indicates that a family of four in North Carolina now requires
$209,000 per year to achieve true financial comfort—covering basic needs, lifestyle splurges, and healthy long-term savings. [
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The pressure felt at $120k is not a failure of budgeting; it is a reality dictated by a higher baseline for the American middle class.