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How to live on $25,000 a year in low wage America: A guide to living on the per capita income.

How to live on $25,000 a year in low wage America: A guide to living on the per capita income.

mybudget360.com / July 9, 2017

Most Americans live paycheck to paycheck.  We hear stories of people waiting until midnight at the end of the month so accounts can get filled with funds simply to buy food.  This shouldn’t come as a shock given the per capita income of a working American is roughly $25,000.  Does that seem like a lot or a little?  Well we are going to find out in this article when we actually look at a full monthly budget at this level.  Most Americans don’t have money saved for retirement because most of the living expenses are already eaten up by simply being alive.

Living on $25,000 a year

It feels like budgeting has a negative connotation in our society.  It almost feels like it fits into the category of dieting or exercising when these things should be embraced.  It is rather apparent that budgeting is simply one of those things that people choose to avoid or ignore when they probably would benefit if they took the time to it.

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