If you make 117k dollars a year? You are consider poor in San Francisco area?

Anyone in here living in California?

HUD: $117,000 Now ‘Low-Income’ In 3 Bay Area Counties « CBS San Francisco

U.S.A. The land of super rich and super poor, same as Australia .... in short shit

Family of four...


just under $30,000 a year per working age family member... ($2,500 a month, $16.00 an hour)



I am good with $400.00 a day, $96,000 a year. ($71,040 take home)


(taxes not factored at 26%)

DannyChiarelli wrote: Family of four...


just under $30,000 a year per working age family member... ($2,500 a month, $16.00 an hour)



I am good with $400.00 a day, $96,000 a year. ($71,040 take home)


(taxes not factored at 26%)

Australia avg pay 90 000 per year ....... I am in pension , full pension 16.000 a year , not enough to buy a rope to hang myself ............. perfect country or shit , be a judge

No pension.


Will be relying on Social Security (if available, or if I take it. There are earnings limitations.)

And savings.



If something catastrophic happens, immediately zero income.

Internet businesses will dwindle to nothing.

DannyChiarelli wrote: No pension.


Will be relying on Social Security (if available, or if I take it. There are earnings limitations.)

And savings.



If something catastrophic happens, immediately zero income.

Internet businesses will dwindle to nothing.

You invest some money on bitcoin

Combined income from my wife and I about 37'000.
My own about 15000 just from Canada Pension and Old Age allowance.
waiting for Skyway dividends to come in around 2021/2o22.
making ends meet casing in recycable cans and bottles.

Its upsetting to see the cost of living sky rocketing. My friends are from Brooklyn, and the prices in NYC have been so high many people are looking elsewhere to live. They love their job but the rent is over 1,000$ a month.

The pensions are not existent in many businesses, and including my day time job they do not invest in you're 401k. The insurance premiums have really hurt the businesses. While my company has 45,000 people across the country, and probably a handful more across Europe, and other nations you will see the benefits increase no matter what.

I see people barely getting paid enough to survive. Age, and gender gaps are true.

iceywarm wrote: Its upsetting to see the cost of living sky rocketing. My friends are from Brooklyn, and the prices in NYC have been so high many people are looking elsewhere to live. They love their job but the rent is over 1,000$ a month.

The pensions are not existent in many businesses, and including my day time job they do not invest in you're 401k. The insurance premiums have really hurt the businesses. While my company has 45,000 people across the country, and probably a handful more across Europe, and other nations you will see the benefits increase no matter what.

I see people barely getting paid enough to survive. Age, and gender gaps are true.

People should invest some their money on bitcoin?

Ice you invest some money on bitcoin? You do not have invest on bitcoin? You can collect free bitcoin

sweetpie3000 wrote:

iceywarm wrote: Its upsetting to see the cost of living sky rocketing. My friends are from Brooklyn, and the prices in NYC have been so high many people are looking elsewhere to live. They love their job but the rent is over 1,000$ a month.

The pensions are not existent in many businesses, and including my day time job they do not invest in you're 401k. The insurance premiums have really hurt the businesses. While my company has 45,000 people across the country, and probably a handful more across Europe, and other nations you will see the benefits increase no matter what.

I see people barely getting paid enough to survive. Age, and gender gaps are true.

People should invest some their money on bitcoin?

Ice you invest some money on bitcoin? You do not have invest on bitcoin? You can collect free bitcoin

Think people should invest some of their time to rob rich people , that will be better return on time spend ... good luck

tasman1 wrote:

sweetpie3000 wrote:

iceywarm wrote: Its upsetting to see the cost of living sky rocketing. My friends are from Brooklyn, and the prices in NYC have been so high many people are looking elsewhere to live. They love their job but the rent is over 1,000$ a month.

The pensions are not existent in many businesses, and including my day time job they do not invest in you're 401k. The insurance premiums have really hurt the businesses. While my company has 45,000 people across the country, and probably a handful more across Europe, and other nations you will see the benefits increase no matter what.

I see people barely getting paid enough to survive. Age, and gender gaps are true.

People should invest some their money on bitcoin?

Ice you invest some money on bitcoin? You do not have invest on bitcoin? You can collect free bitcoin

Think people should invest some of their time to rob rich people , that will be better return on time spend ... good luck

And the best way to legally rob people is become a politician,you become elected, you make empty promises, you f*ck the country and you either leave or get shown the door, and then you cash your 6 figure a year salary and pension for life......Sometimes i think many politicians run for that purpose, not for the interest of the country and the bloody suckers "people" who voted for them.

As far as people who have 401k - I think we are expecting a gigantic market collapse eventually, world is in turmoil, and for some reason some president seems to be keeping the markets stable at the moment, what will happen IF he is removed - it's likely there will be a collapse - those who you have a long time ahead to cash their bloody investments, it would only be a virtual loss and will recover eventually, but those who are already cashing out and living on this, are going to be hurt the most. I don't know if it is the same in the US but here in Canada after a certain age you are FORCED to withdraw a set % every year from your RRSPs as they are automatically converted to RIFS, even if you are still working and have a good salary + your received pension, you are forced to withdraw yearly RIFs and get RAPED with thousands of $ income tax surplus to pay yearly.

Over here there is no more middle class or the gap is widening year by year, you either are rich or you are poor. As far as people complaining about $1k/month rent in the U.S., heh, at least construction is better in NYC. Over here, $1k will get you a shithole. And if you want to buy a decent home, forget it, unless you can afford $500k-$600k as a minimum for a decently remodeled home or $300k-$600k for a condo which is basically a tiny apartment.

With the mediocre government pensions you won't go far at all, and sadly most people do not have pension plans or saved money or did not build savings since they were young so a majority of the population would live in dire, shitty conditions by the time they stop working - Housing is going up, rent is going up, affordable housing and rent is lacking, and basically the areas that have so called "affordable" is nothing short of older buildings in dire and dirty conditions infested with rats, large insects and lifts in dangerous conditions

As far as $117k being poverty in SF, well that's a little exaggerated - I know many people from SF who earn a fraction of that and still mange to save money and live comfortably, not like the rich and famous, but they make it. Of course by some standards if your net worth is under $10 million you are considered poor, I've heard this line before, it's all about your lifestyle and how you manage your money - if you want to live in luxury and over spend, you might not even make with $250k a year. Retirement savings (RRSPs, 401k, etc) is a trap because in the end once you are forced to withdraw no matter what, you will end up paying the taxes you actually saved. In this country, imagine someone who has 1 million $ RRSP, by the time they reach age 70 (not sure if it is 71) you are forced to withdraw a set % of that, I don't know the exact figures, maybe 7% the first year, so let's use this as an example, that's $70k !!! you will need to add to your tax report as taxable income. Imagine if you are still working, on top of that you are receiving your federal pension + provincial pension - etc. It adds up, so you will have to pay around $20k back to the government !!! Ok some will say no big deal I have millions of $ saved, right, good for you, but it's not the majority that's for sure, most people will be lucky to have even 5 figures.

As far as encouraging people to invest in bitcoin and non regulated currencies, yeah that's not good advice mate. There is NOTHING backing up your bitcoins, it is extremely volatile, and it is certainly not a good retirement savings investment. There is only a finite number of bitcoins anyway, the scam & hyip industry is keeping crypto alive basically. If there is no longer interest in crypto it will die. Online casinos, online scams, HYIP, ponzi schemes and other illicit activities which is keeping the said currency afloat.