In fact, there have been surveys taken by the Wall Street Journal and others who would not be biased in favor of making these findings that have found that people in metropolitan areas, families in metropolitan areas that have incomes of less than $200,000 are living paycheck to paycheck, meaning they are not able to save for the rainy day.
They are financially pinched and are living paycheck to paycheck.
And so that's vastly above the median income for families.
The median income for families in Wisconsin is something in the $85,000 range.
And so there's no question.
And the median income is the income that half of the families earn $85,000 or less
in the state of
Well, I guarantee you the median income in Milwaukee has got to be
Maybe 45,000 or less
And so and then you figure into that Sandy.
Let's say you have two children to two young children daycare alone If you're working yeah, it's gonna probably eat up 15,000
more
Let's say the income of a Milwaukee family, let's just put them at $55,000.
But both spouses are working if it's a two-parent household.
And that's probably has to be a two-parent household to get to the $55,000 or $60,000 number.
That means that each one of them is earning, if you split it, $30,000 or $28,000 a year, which means
they're
If they have two children, they need health care, they need child daycare.
Child daycare is going to cost
in excess of $12,000 a year, $15,000 a year, it's probably not going to be possible for one of the parents to work because they're going to be spending all the money they earn working on child day care and health care.