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#money #inflation #investing…(read more)
LEARN ABOUT: Investing During Inflation
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HOW TO INVEST IN GOLD: Gold IRA Investing
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In today’s economy, $75,000 doesn’t go as far as it used to. While this salary may have once been considered a comfortable income, rising housing costs, inflation, and other factors have made it more challenging for individuals to stretch their dollars.
One major factor contributing to the struggle of making $75,000 stretch is the housing market. Across the country, housing prices have been steadily increasing, making it difficult for individuals to afford a home on a modest income. In some cities, even renting a one-bedroom apartment can eat up a significant portion of a $75,000 salary.
Investing has also become more challenging for individuals earning $75,000 a year. With the stock market fluctuating and interest rates remaining low, finding investment opportunities that provide a significant return can be difficult. Individuals looking to grow their wealth may need to explore alternative investment options or seek the guidance of a financial advisor.
In addition to the challenges presented by the housing market and investing, inflation has eroded the purchasing power of $75,000. Everyday expenses such as groceries, gas, and healthcare have all seen price increases in recent years, making it harder for individuals to make ends meet on a limited income.
As a result, individuals earning $75,000 a year may need to adjust their financial strategies in order to make their money go further. This could include cutting expenses, finding additional sources of income, or exploring ways to invest their money wisely.
While $75,000 may have once been considered a comfortable salary, the realities of today’s economy have made it more challenging for individuals to make ends meet. By staying informed about the housing market, investing wisely, and adapting to the changing economic landscape, individuals can better navigate the challenges of living on $75,000 a year.
7th, 24 June 2023
Californians all moved out of the state they voted to destroy, invaded good states with their overinflated incomes and priced out nearly every local in multiple ways. I hope AI eventually takes their work from home “job” and rips them a new one
The housing situation in lots of Western countries is sickening.
Wait till those work from home jobs, are gone or those companies go bankrupt. Then these people will have to get jobs in those small towns and they pay crap. Like the town I live in Colorado. The home prices were about 180k now they are an average of 280 or more. Rents were low now they are high. A lot of people from out of town are here with purple hair thinking this is a progressive hippie town but they will get tired of it soon enough.
Get ahead of the situation: if you are thinking about moving to a tertiary city and everyone else is doing the same and getting hated, fuggedaboutit. Move to a septupiary city and be an old timer by the time all the refugees move in and pump your asset price.