As the economic condition continues to decline all over the world, making a six-figure income in a year doesn't guarantee a secure livelihood for many.
In today's world, it does not matter if you are making a six-figure income in a year. It might not be enough to run a household smoothly in this economy. As inflation continues to plague people, many families struggle to make ends meet and afford basic necessities. A mom on TikTok named Blaire Allison - who goes by @blaire_allison - expressed relevant concerns about how it is getting increasingly difficult to sustain her small family despite having a combined family income of $100,000 a year.
In her viral video, Allison addressed another video from a teacher on TikTok who was narrating about her share of difficulties, which included covering the rent and making her car payments. It prompted Allison to ponder how hard it is to financially sustain herself and her family in recent times. "I don't understand how people are affording life right now," she said in the video.
"How are they affording life without going into a bunch of debt? The cost of living is rising, and our salaries are stagnant," Allison continued. "Spending less is not the problem here. The problem is that the cost of living is outrageous and the minimum wage in some states is still $7.25. Teachers in some states are paid ridiculously low salaries even though their job is super important."
Allison declared that she had no clue what to do about this situation other than ranting on the platform, but it was really bothering her. In a second video, she elaborated more about the financial crisis and described some personal details. "I don't mean is it enough to buy like, luxuries. I just mean is $100,000 enough to live comfortably without having to live paycheck to paycheck?" she clarified.
Allison revealed that her family did not even go on a vacation this year. The last thing she wanted to do was add more to her credit card bills and even though they went for a family outing, a family vacation was out of the question because they did not have enough money to bring the kids along. She asked fellow users to share how bad the financial situation is in their country or region.
People who came across her TikTok video had different opinions. While some could totally relate to every word she said, others advised Allison to live below her means. @john_n_texas wondered, "I don't get it, they are building 500k houses around me left and right and people are buying them. I'm just like how? I can't even afford groceries."
@crestfallenmermaid wrote, "My mom had the audacity the other day to try and tell me the economy is getting slowly better. And I'm like, on what planet are you even living?" @myfaketiktokaccount1 quipped, "I just spent $130 on groceries and I can't see it when I open the fridge." In response to Allison's second video, @Tburrows74 commented, "Taxes are part of the equation too. The more you make the more they take." @nel41609 added, "No, our income is close to $200k and we can't even afford to save. Our tub is leaking and we can't afford a plumber."
However, there are many who think that these struggles are affected by personal decisions. @kevinmayton thinks "it depends on the area you live in" while @usmcbuck believes that "100k is plenty for a family, the problem is, is folks living above their means." @katesmagicalapparel commented: "It really depends. My husband makes 65,000 and I stay home. We manage, have savings etc. We have 3 kids. But we have no debt except our mortgage." @spoopy_goblin shared: "It’s relative to where you choose to live and the decisions you make." @me.gre.925 added: "50k one income family of 4 here, live within your means and you’ll be fine."