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this post was submitted on 13 May 2025
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"For the bottom 60% of U.S. households, a "minimal quality of life" is out of reach"
Is this for real? Sounds odd to me.
Really? It pretty accurately reflects what I see every day.
Your experience isn't everyone's experience. Where you are 60% probably looks different than innercity 60%.
Confirmation bias for you situation.
That is why I asked.
But still, they write "out of reach" so I it means 60% of people are well beneath minimal life qualitiy. I wonder what minimal life quality actually means tough.
The linked report is super clear https://lisep.org/mql
They split up the necessities of life into 8 buckets, then calculated how much money you need to spend on them per year.
But the actual meat of the report is geared toward the moving trend for items,
poingint out that food, rent, choldcare and medical are becoming more expensive at a rate that's quickly surpassing wages.
Or rural experience. Wages are still shit but ever since covid rural housing and food costs have gone through the roof.
And so many rural Americans being in food desserts doesn't help at all.
Gotta drive 30+ minutes to the store just to buy some over priced trash food. Gotta keep insurance on the crappy car you struggle to maintain, gotta keep gas in the tank, etc. It's a snow ball that once it starts rolling it just keeps going downhill faster and faster.