Quote:
Originally Posted by JSH
It is really hard to get ahead in the USA as a single person or with one partner staying home instead of working.
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There's probably a causation vs correlation issue with some of this data.
Poor people aren't poor because they are single, they are single because they are poor.
I'd have way more money if I were single, having roommates take care of the mortgage, taxes, and insurance. I'd be eating less costly food. No child related expenses. Tons of free time to work on profitable ventures...
Our household fits that data precisely, with us being in the 5th quintile and 2 earners. The thing is, the 2nd income doesn't make us anything because we have to hire a nanny and pay taxes on the income earned to pay the nanny. It almost wouldn't matter financially if one of us stayed home.
Anyhow, my only financial goal was to make more money than a prison guard within 5 years of my release, and I accomplished that. I've got all I want that money can buy short of a helicopter.