Re: OT - Betting On Social Security?

On Sun, 4 Dec 2005 13:46:23 +1100, "Rod Speed"
<rod_speed@xxxxxxxxx> wrote:

>Anthony <tonytn36sp@xxxxxxxxxxx> wrote
>> Rod Speed <rod_speed@xxxxxxxxx> wrote
>
>>> And there is no lack of work with unemployment rates of 5%
>
>> Yes, but lets look at it in a little different light. The days of $18
>> +/hr jobs are long gone. Those that still exist are on the way out.
>
>Nope, most obviously with the pros. Even plumbers charge
>more than that. They wont be disappearing, you watch.
>
>> So lets take a look at the more typical job I see
>> everywhere now, around the $8-10/hr range.
>> At $8/hr that provides you with $1368 gross/month - (171 hrs/month)
>> Now lets see how far that really goes.
>> Gross $1368
>> - Est Fed Taxes: $144
>> = $1224.00
>> - FICA: $84.18
>> = $1139.82
>> - Medicare: $19.84
>> = $1119.98 = Net Income
>> (based on monthly pay period, single person with no dependents, per
>> Circular E)
>> Now, lets look at where that money must go:
>> Around here, (southeast) a decent place to live is going to
>> run in the neighborhood of $450/month for rent, a house is
>> going to be higher, so we will use rent in this example.
>> So...
>> $1119.98
>> - Rent: $450.00
>> = $669.98
>> Now...Let's, as an average, say you drive 10 miles round trip to
>> work, in a vehicle that gets 20mpg. If you ONLY go to work for the
>> entire month, that is 213 miles (171/8*10), which is 10.65 gallons @
>> $2.00/gal = $21.3 in auto fuel, so...
>> $669.98
>> - Auto Fuel: $21.3
>> = $648.68
>> Now, you must stay warm in your house, cook, clean, etc. With todays
>> rates, the Electric bill is generally going to be about $100/month.
>> So.
>> $648.68
>> - Electric: $100
>> = $548.68
>> Now..there is water/sewer, I am going to lowball this at $40/month
>> $548.68
>> - Water/Sewer: $40
>> = $508.68
>> Now..you have to have auto insurance, most states require it by law
>> now, I am going to use $80/month figure, because rates are all over
>> the place depending on what you drive, where you are, age, etc.
>> $508.68
>> - Ins: $80
>> = $428.68
>> Telephone, not a requirement for living, but generally considered a
>> need, especially for emergencies. I don't know if you can get one for
>> less than $30/month with taxes included, I will use that figure.
>> $428.68
>> - Phone: $30
>> = $398.68
>> Clothing: I will put in $20/month for clothing, you have your choice
>> of 1 pair of really cheap jeans, or 2 shirts, or 4 bags of socks or
>> underwear, or skip a month, double your allowance and buy 1 pair of
>> shoes. $398.68
>> - Clothing: $20
>> = $378.68
>> Rent insurance. Pretty much a requirement. I have no idea what the
>> cost of this is, so as an arbitrary best-guestimate figure I will use
>> $25 ($200/yr) a month
>> $378.68
>> - R.Ins $25
>> = $353.68
>> Food..we all have to eat and drink. If you only spend $10/day on food
>> and drink, that is going to be $304/month average.
>> $353.68
>> - Food: $304
>> = $49.68
>
>> So, at the end of the month, you have $49.68 in disposeable income,
>> provided you ONLY go to work and home, never spend more than $10/day
>> in food and drink, never get sick, do not have to repair your vehicle
>> (we didn't figure in a car payment, because you can't afford it), the
>> electric bill is never over $100, and you are frugal with your
>> clothing. What a life...
>
>Have fun explaining how hordes manage to buy the
>house they are living in, and they arent hovels either.
>
>> If you make less than $8/hr, you better be roommating, or living with
>> mom & dad..or you don't carry the law-required insurance, or you starve...
>
>No one starves in the US today except the stupid bulemics and anorexics.
>
Many NGOs are the only reason they don't [starve]. Pay attention
to the number of people who must use the 'community pantry'
resources to feed their children. Even the lower ranked members
of the armed forces are forced to resort to food stanps and the
community service organizations at the end of the month.

Remember what happened to the last person who said "Laissez-les
manger le gâteau!" (let them eat cake).

Uncle George
.

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