'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap - eviltoast
Some say they won’t be able to pay off their credit cards by the end of the year.
  • SCB@lemmy.world
    34·
    1 year ago

    In California, a new mortgage payment is 8-15k/month. Rent on an apartment is 3-4k/month

    Buddy of mine lives in LA and was just posting angry complaints about his rent going up to 1800/mo, so no.

    I’ve got three friends in the LA area and one in the Bay and none of them pay anything close to 3k/mo rent or 8k(!!!) on their mortgages.

    Those numbers are insane.

    • phoneymouse@lemmy.world
      61·
      1 year ago

      LA is cheap compared to the Bay Area. Also, I’m quoting numbers for new mortgages and new rentals. If you got your mortgage even 3 years ago, the numbers will be different.