Inflation is still rising, and Americans across the country are struggling to make ends meet due to inflation.
But there’s one thing all states have in common, where the amount of money needed to “live comfortably” is through the roof. That is, they are all blue states.
A “comfortable lifestyle” covers a 50/30/20 budget, with 50% of your income going to necessities like housing and utilities, 30% to discretionary spending, and 20% to savings and investments. is defined as the monthly income required to
“They’re saying this is the bare minimum, this is what we need to live comfortably in America,” says Glenn Beck, noting that very few people can afford to live this way under current conditions. do.
The top five most expensive states are all blue states. It costs $116,000 a year to “live comfortably” in Massachusetts, $113,000 in Hawaii and California, $111,000 in New York, and $106,000 in Washington.
The median income for a single, full-time worker is about $60,000, while the national median to live comfortably is $89,000.
“So there’s a shortage there,” Glenn says.
Americans are expected to live comfortably even as prices continue to rise and large portions of their paychecks are lost in taxes, yet the government continues to spend money that makes things worse.
“What are the 50/30/20 numbers in the US today?” Stu asks. “That’s crazy. And we’re quickly getting to the point where the interest alone on the money we’ve already spent will exceed the entire defense budget.”
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