My goal is literally to work retail anywhere. Wal-Mart. Walgreens. Jewel-Osco. I have two children who are mostly non-verbal and have autism. We are very low income and even with SSI don't make $40,000 per year for five of us. I would happily take a job that will help me pay for the $20,000 I need per year to get unlimited medical resources and therapy for my kids. I pay $12,000 now on the little income we have...
You need to be cautious and crunch your numbers:
Let’s presume a generous retail salary starting out of $120k. 33% of this goes easily to Medicare, SS, taxes (120k - 33% = $
80,
400). Student Loans at $200k is going to run you 2900 to 3300 a month for TEN years ( 80,400 - 36000 = $
44,
400). Now with your own assessment you’d like $20,000 for unlimited medical resources ($44,400 - 20,000 = $
24,
400). Rent or mortgage + utilities in Chicago in a 2 bedroom apartment is ~ $1,744 and of course 3 bedroom higher
(
Cost of Living in Chicago - SmartAsset)
Let’s be modest and say you gotta “cheap” mortgage + utilities that’s only $1100 a month ( $24,400 - (1100x12 months) = $
11,
200). How much you gonna contribute in a 401k for yourself and kids? Let’s say bare minimum to meet your companies 5% match ( 11,200 - 6,000 = $
5,
200). You still gotta eat, buy clothes, pay for a vehicle, and prepare for life emergencies with only $
433 a MONTH...
That’s assuming 40 hour weeks which isn’t happening for new grads in metro areas. So if you can only get 32 hours your salary is drastically cut to ~ 90k and now your in trouble...
Have a contingency plan.....Your making assumptions in a saturated career. Just be prepared for your families sake.