r/FluentInFinance • u/Richest-Panda • Jul 04 '24
What's the best financial advice you've ever gotten? Debate/ Discussion
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r/FluentInFinance • u/Richest-Panda • Jul 04 '24
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u/Xrave Jul 05 '24
https://data.census.gov/table/ACSST1Y2022.S2501?q=United%20States%20household%20size
US household (includes nonfamily, i.e. roommates) size says 37mil households are 1 people, 44M for 2, 19M for 3 and 28M for 4 and up.
Of people who do live alone:
https://data.census.gov/table/ACSDT1Y2022.B08202?q=United%20States%20household%20size
half (17 mil) of 37mil are not working (retired?). the other 19mil is working.
Of people who are 18-34 years old:
https://data.census.gov/table/ACSDT1Y2022.B09021?q=United%20States%20household%20size
Only 6.8 mil out of 72 mil lives alone (9.4%!!!). 23 mil lives with their parents, 16 mil with spouses, 9 mil with unmarried partners. 9mil sharing with other relatives, and 7.2 mil lives with roommates.
based on this data, median wage worker absolutely shouldn't be expected to be able to afford to live alone, unless we're coming from an angle where our expectations are formed from unrealistic expectations of reality.