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Americans need to prioritize their spending better. Everyone is entitled, to cigarettes, Starbucks, gas station soda, etc. Make better choices people.
During the pandemic when rent assistance was offered, similar to student loan pause, instead of saving that money or continuing to pay, people spent them money elsewhere. Now they are in a jam.
Get your priorities straight. I make more than $45K, but I still have to prioritize needs over wants.
Housing prices will never be solved with over spending.
Overspending does not really matter when it takes 2.5 weeks paycheck making $15/hr to afford a 2 bedroom 1 bath apartment in a subpar part of the city….
45k is above the average household income in the state of Indiana – so imagine half the households in the state are in a much worse position than you are
The issue isn’t with how people spend their money, the issue is with the cost of housing and the greed of the real estate industry. The cost of rental housing(rents charged) has far outpaced the cost of supplies, insurance, and property taxes in Indianapolis. *(I know this, because my organization owns and operates more than 30 units of rental housing and I have first hand experience at how much costs have increased. And yet we have been able to maintain our rents to be affordable for the average and low-income person/family. ) This is nothing but greed and capitalizing on a for-sale housing market that is completely out of hand. As Frankie stated, it doesn’t matter whether or not you smoke, spend your money on things that someone who has money thinks are luxuries, if it takes working 122 hours a week to be able to afford a roof over your head, you probably aren’t smoking anymore anyway. There aren’t even 122 hours in a typical 5 day work week. So the person who is working that minimum wage or less than $22k an hour job is literally working multiple jobs, more than 5 days a week. I’m grateful for Senator Young and his efforts, but until we get a handle on what property owners are actually charging for rent, this situation is not going to change. The free market is great until greed outpaces need, then we have a problem.
The above observations are pretty much on the money. But, it’s not just Indiana or Indianapolis, it’s everywhere. In many locations it’s worse. It’s a general, constant inflationary spiral that starts with the cost of energy combined with current administration fiscal policy and priorities which aren’t kind to the average American. Not to be ‘political’ but not inconsequently this high inflation and rising costs took off in early 2021 and has only exacerbated. Elections have consequences. We’re paying the price.
Rising cost and inflation is nothing more than greed. Clearly if the cost of everything is higher than ever and many companies are making money as though it’s being printed. There is really no excuse these companies making record profits, can’t give raises to their employees. The tallest trees and skyscrapers have a ceiling where they can’t grow or be built any higher. There is this foolish idea profits can just keep growing exponentially, year after year. There has to be a point when the bubble is going to explode, and the messiness of that will be all over everyone in this country. Who will suffer most? The average American family or person who makes less than 60,000 a year. Car/truck prices are beyond ridiculous. There is no legitimate excuse for vehicles that depreciate like crazy, to cost from forty five to over one hundred thousand dollars. All based on greed. Market adjustments dealers were and in some cases still doing, greed once again. Banks interest rates, again factor in greed as the chickens have come home to roost. The average fully employed person cannot afford to buy a new or used car, forget leasing an apartment or buying a new home.
Spot on!
I would concur that profit distribution should be better handled by businesses.
BUT the taxation is out of control. Government regulation and taxes at local, state and national levels are passed to the consumer. That is a fact.
Let’s start the conversation with how much of your paycheck goes in to government pockets BEFORE you have to buy food, gas, clothing, property taxes etc and are swindled out of MORE of YOUR money!!!
Government programs are OUR MONEY!
Think about your vote, be active in local government.
And have a very happy Independence Day!
Why do we even talk about minimum wage? It’s so low it has no meaning anymore.