ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Man who earns 3 times the minimum wage reveals why he still can’t live comfortably in this economy

"It is embarrassing to come out and say that it is a struggle to survive right now, but I know so many people are struggling," he said.
PUBLISHED AUG 30, 2024
Cover Image Source: Man reveals cost of living crisis | TikTok | @nicsmnrs
Cover Image Source: Man reveals cost of living crisis | TikTok | @nicsmnrs

The economy has been rough, and earning even the basic minimum wage is getting challenging for many of us. However, it's a real surprise when people who are earning triple the minimum wage are also struggling to make ends meet. A TikTok user @nicsmnrs recently took to the video sharing platform to share that he cannot comfortably live even after earning three times the federal minimum income. 

TikTok | @nicsmnrs
TikTok | @nicsmnrs

"I do not want to hear the pull yourself up from your bootstraps, work 90 hours a week [arguments], that’s not the goal guys!" he added. The TikToker then said it is unfair that he has to work more compared to his parents, who at his age could move out of their home despite making half his salary.

D.G Art | TikTok
D.G Art| TikTok

"I cannot afford to live anywhere alone," he said. He then talks about the high cost of living and how the average rent for a one-bedroom apartment is $1800 while a two-bedroom apartment is $2200. "Who the f**k can afford that?" he said. "It is embarrassing to come out and say that it is a struggle to survive right now, but I know so many people are struggling."

Mimiset | TikTok
Mimiset | TikTok

"And do not get me started on what my grandparents were doing. They (bought) a $3000 house. And yes, I understand inflation and all of the bull***t that they have been pulling with the Fed. Why are we allowing it? he said in the video. He further questioned the nation's choice to fund wars outside the country.

"I clock out of my shift. I am tired, I have to go home, and I check the news. Another 60 f*****g billion to a country nobody can point out on a map," he said. "Where has the plot gone? We have lost it, folks, we have f******g lost it. The American dream is dead. It is over. Gone and forgotten," he said.

The video, which has more than 2.2 million likes at the time of writing, shines light on the grim reality of today's economy. The creator, who is disheartened, and frustrated couldn't help but shout into the camera and oople in the comment section agreed with him. 

"What can we do about it? Feels like such a helpless situation," wrote one user while another said, "I’m really glad I became a chef because I’m able to take food home from work so I don’t have to pay for groceries, it’s nice and it helps."

Many in the comment section also talked about their own circumstances, with one writing about how they are still living with their parents, "For real. I’m still at my parents' house at 25 and for a long time felt like a failure but the internet made me see we are all struggling like this because why is rent so high? Why is food so much?" while another revealed, "I make 2.8 times minimum wage and am a single mom. I can afford to live with my parents and nothing else."

For more such videos, you can follow @nicsmnrs on TikTok.

Editor's note: This article was originally published on June 27, 2024. It has since been updated.

MORE ON MARKET REALIST
A post on X could move trillions of dollars due to the power that retail investors hold
8 hours ago
Despite a poor start, the contestant came close to winning the big prize.
10 hours ago
The retailer had to face big losses as customers abused the no questions asked return policy.
11 hours ago
The President is reportedly looking to pass tax breaks using reconciliation.
12 hours ago
"Monetary policymakers would face tradeoffs between unemployment and inflation," Fed governor said.
12 hours ago
Florida Hardware purchased these treats and distributed them to feed stores in Alabama, Florida, Georgia, North Carolina, and South Carolina.
12 hours ago
The Democrats will make affordability a huge campaign issue ahead of the November elections.
13 hours ago
He believes that the situation is similar to what the country witnessed before the 2008 crash.
15 hours ago
A new report suggests the investment led growth had made the rich richer and put pressure on workers
1 day ago
The low-middle class of the country is feeling the crippling pressure of the affordability crisis
1 day ago
Thankfully, no illness or injury has been reported yet because of the foreign objects.
1 day ago
The OpenAI boss believes that it is impossible to scale such a model at this moment.
1 day ago
He asked Americans to forget about the stimulus checks until the tariffs issue is dealt with.
1 day ago
The technology will see millions out of jobs, cutting their spending power by a huge margin.
1 day ago
He spoke about the 5% wealth tax proposed in California as a starting point.
2 days ago
Child care costs are a major concern in Pennsylvania’s 7th District.
2 days ago
The Shark Tank investor believes that the new Mayor would tax people into oblivion.
2 days ago
The President's tariffs were recently adjudged illegal by the US Supreme Court.
2 days ago
“If Wendy’s wants to stay competitive, it needs mouthwatering vegan options—not another animal on the menu,” PETA president Tracy Reiman stated.
2 days ago