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Which in itself is largely based on expenses given by https://livingwage.mit.edu and adding some fixed percentages for discretionary spending plus savings. The methodology for the expense calculation is described here: https://livingwage.mit.edu/resources/Living-Wage-Users-Guide...


I can't change the links unfortunately. I'm pretty concerned that this got flagged. Yes, the numbers are low when you look at them without reading the article. But it follows the trend that HN really doesn't like econ/business/finance articles.

For reference, 71,000 after tax is around 97,000 (71,000/.73, before tax and without 401k/healthcare). If you want to contribute 401k, add that value on top of the 97,000 so 10k contribution would be 107,000 and if you're contributing 100/pay check to healthcare another 2,600 or 109,600. Divide that by 80*26 for hourly and it's around 52.69/hr (not that many positions offer to pay such an income on an hourly basis).

So, sorry for posting this to HN.


I wouldn’t take it personally. There’s a lot of people with the ability to flag.




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