Why Can’t Millennials Save Money?
Minimum Wage in San Diego California $11.50/hour
Full Time (When you can get it) 40 hours/week
Gross Pay $1993/month
Federal Tax ($108.68)
Social Security ($123.57)
Medicare ($28.90)
State Tax ($18.44)
FICA ($19.93)
Take Home Pay $1621.48
Studio Apartment ($1050)
SDGE ($120)
Bus Pass ($72)
Groceries ($300)
Clothing ($25)
After Life NECESSITIES $54.48
Basic Cellphone with Internet ($60)
Remaining ($5.52)
Yes, after you have paid to stay alive you have a debt of $5.52 every month!
I wonder why we can’t save money …
Must be Starbucks
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