Let’s talk about money.
Most of us have some sort of financial concern. Some estimates show that nearly 80% of Americans live paycheck to paycheck and 61% can’t cover a $1,000 emergency. Wages have stagnated, but the cost of everything else has continued to rise meaning that purchasing power hasn’t really moved in four decades.
It takes an annual income of one-third of a million dollars to buy a home in San Francisco, which is fascinating considering the median household income there is about $83,000. It’s not just the coasts, either. Real median household income in New York City is just under $51,000 but in the entire country it’s $59,000. Considering how expensive everything — housing, food, transportation — is, that’s not very much.
Have you ever felt like if you had just a little bit more money it would make an enormous difference? The problem with that thought — one that I’ve had many times — is that the goalposts continue to move.