4
Sep

Why do a lot of older people (75 years old +) think that $10.00 per hour is good money?

Posted by Admin in Saturday, September 4th 2010   12 comments already   

Hi all! These days, if you’re an average working American, money certainly gets spent faster than the time it takes to make it. I got paid about $440.00 dollars (net pay) this morning via direct deposit from my employer and I now only have about $200.00 left for the next two weeks for gas and groceries for myself after paying some bills and buying things online I really needed. I have an Associate’s degree and a Bachelor’s degree and I’m still finding it hard to get a good paying job. I think the dollar has been destroyed and that Americans don’t care about Americans anymore anyway. What upsets me a lot is when people, especially older people (75 years old +), say low income is high income. So, why do a lot of older people think that $10.00 per hour is good money? Think about it for a minute. On 40 hours a week at $10.00 per hour, that’s only about $1,200.00 per month after overall taxes, which is nothing is my opinion because it’s kiddy change. Any responses on this? Thanks!

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12 Comments Already

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Nikolaos Said,
September 4th, 2010 @3:41 am  

because they are crazy old coots.

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Salty but Sweet Said,
September 4th, 2010 @3:48 am  

cuz when they were working it was good money! It’s still better then minimum wage, right? :o )

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An0nym0us mAn1Ac Said,
September 4th, 2010 @4:40 am  

You realize how much these ‘older people’ got paid when they were working?
My mom’s first job paid her 65cents an hour back in 1970. While things have improved, our cost of living is much higher now.

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wendy_da_goodlil_witch Said,
September 4th, 2010 @5:05 am  

because when they were young adults, they earned a dollar an hour, give or take. my mother is almost 86 and made $.75 an hour working at a dime store. they dreamed of making $10 an hour. remember, there was a depression back then and no one made much money.

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jpablo988 Said,
September 4th, 2010 @5:24 am  

those older people would have like to earn 10$ per hour back in their day. they were probably getting paid 5 or 6 an hour

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Shannon Said,
September 4th, 2010 @6:17 am  

Older people are usually retired, so any form of income seems like good pay to them. Also, senior citizens grew up in a time where you could buy a cup of coffee for 10 cents and gas was under 50 cents. Their perception of money is probably (maybe the don’t possess a full understanding of inflation?). On the flip side, with the current economy and the high rates of unemployment, they could simply be being realistic in that getting any kind of a job (high income or low income) is a difficult task nowadays.

The federal minimum wage is $5.85 per hour, so depending on the job (i.e. checking people out at Target vs. Doctor) that could be very good pay or, like you think, very low.

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deble_2000 Said,
September 4th, 2010 @7:04 am  

I would like to make $10.00 an hour now..I lost my job last year and had to take a lower paying job just to have something coming in so we can eat……sometimes we have to be thankful for what we have…I was unemployed for 6 months…try that and raising children to boot. Have a nice day!

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Deshaun T Said,
September 4th, 2010 @7:57 am  

stupidest question on Yahoo! Answers. Think, man, these people worked in the old days when the standards of living were low. You better be happy with the money you’re making, some people are unemployed. Be happy with what you got.

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magicbird Said,
September 4th, 2010 @8:17 am  

First of all–and trust me on this–75 yo + aren’t the right people to ask–they don’t have their fingers on the pulse of what current wages are, and they aren’t really interested in finding out. My kid’s Grandpa would be more likely to shake his finger and say “You should….” whatever the issue is. Heck, last time I visited my father, the issues were “Your jeans are too baggy,” and “Your skirt is too LONG. Get that? Not too short, too LONG! In other words, MOM never wore skirts that long when she was alive, so how DARE I?

But here’s my (actually, it’s my daughter’s) story:

My youngest daughter age 23, has a BA from a good CA college (graphic arts and advertising majors). After getting her BA degree she moved to Brooklyn, where she’s sharing a small (they’re all small) 3 BR apartment with 3 friends. I believe her rent share is $775/month. Cute apartment, but definitely NOT a ritzy neighborhood. She landed a job Manhattan about 7 months ago, no longer owns a car (she sold her car in San Jose, it’d be a nuisance in NYC). She’s making $12.00/hour now in Manhattan and uses public transportation [NYC has a good subway/train system compared to the rest of the US].

CAN MY YOUNGEST DAUGHTER MAKE ENDS MEET? NO. Us parents still subsidize her living expenses $1000 a month.

And Lauren is not a wasteful spender, either (since she still depends on us, I have access to her checking account info. so I can transfer her money, so I know this for a fact) , EXCEPT that she’s taken time off from work to fly out to see her CA boyfriend 2x now, although the boyfriend pays for the airfare.
That, AND she does the ‘Starbucks Thing,’ which I don’t understand why you younger kids do ($4.00 for coffee? 2x/week? That’s $36/month! WHY do you kids DO it??)

…but to be fair, she’s also paying for an $8,000 online course she’s taking for graphic arts, so figure that into her costs…

ANYWAY, it’s been on the news a lot that ADULT CHILDREN STILL need parental support financially (i believe CNN said until age 27? Not sure) OR live at home longer because, quite simply, times have changed.

SO DON’T FEEL BAD. If my college grad daughter is only making $12.00/hr. in Manhattan, then wherever you live, $10.00/hr is not a bad starting-off salary.

Just don’t ask the 75+ folk if they think $10.00 is a good wage–ask your peers.

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The Great Jonesini Said,
September 4th, 2010 @8:47 am  

Dementia, bro. It’s senility’s ugly cousin.

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Dicknose Said,
September 4th, 2010 @9:28 am  

I hate 10 year-olds.

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Angelita Said,
September 4th, 2010 @9:58 am  

What is wrong with some Americans? $10.00 an hour and you have a degree? My husband is foreign born and came to the US 10 yrs ago. He never graduated from college but he has a trade he is a mechanic for Jaguar, Aston Martin, and Land Rover dealership, makes over $30 dollars an hour + bonus and receives great union benefits for our family. I never finished high school, but passed my GED and went through a vocational program for dental hygiene and make about $375-$400 a day! My uncle is also foreign born and a retired long shoreman who is well off right now and he didn’t even graduate high school. It’s called hard work, man, that’s what success in America is all about. My kids will be attending college, but I am teaching them about work ethic as well, because w/o work ethic education is nothing.

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