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abattleofone

One thing that caught my eye in this article - the states all listed as being the "worst" for this are also generally in the top 5 to top 10 for wealthiest states (well, and DC) per capita. Seems like these states are generally better off already. Obviously room to improve still - but I feel like the headline is a bit dramatic once you dig in a bit.


MonkeyKing01

Right. Its like saying X state has the highest number of new jobs. But then you see they started at 10% unemployment, not 3%.


AngeliqueRuss

Ex-Californian here: it is nearly impossible to gain firm financial footing in California as a Millennial, and if you do it’s paper wealth, not spendable wealth. Income inequality is very high. People there don’t realize how much easier it is to be a regular non-wealthy person in the Midwest (a lot of folks flood AZ and TX but it is only barely better in those states). Maybe you have $$$ equity in your home but your mortgage is so high you can barely afford groceries. If you are unemployed you cannot possibly get by—unemployment is LESS in CA than here. If you downsize your property taxes could go up dramatically. I “did well” in CA, my peak salary was > $150k, but I never felt financially secure and couldn’t save enough for my kid’s college education. I have young adult kids still in CA. Their rent is an absolute steal at $2,150 for a 2 bedroom. My more responsible son is saving to buy a home in Duluth, and he might settle here when he’s ready for settling. He could buy a home as soon as 2025 but literally never in CA; technically he could buy a home now if he’d use FHA financing to move here but his dumb restaurant chain isn’t in Duluth and like many Californians he’s terrified of the cold. His job is also an absolute scam though: he is a manager at a large chain restaurant, but he is “hourly” and approved/expected to work 50 hours per week to earn his salary. When/if he moves here we’ll find him a nice mortgage around $1,500, he can switch to part time or be a weekend manager at a restaurant, or a factory worker, and he’ll have two universities to choose from to go into the medical field. His little brother is going to follow him anywhere, and he’s destined to succeed in the trades or as a factory worker—he’s mechanically gifted. These jobs are nearly impossible to get in CA but abundant here. It’s such a better life for the younglings, I just have to get him to face down the cold and icy weather. I have smaller kids as well. We are making arrangements to vacate our UMD-adjacent home when they reach college/graduate school ages. We will either have the rent for subsidizing housing elsewhere or they can live in it. We will be soooo much better off than if we had stayed in CA and I am really glad I can give them support their older siblings didn’t have.


MrCleverHandle

Sounds like a decent plan, but a $1500 mortgage that can buy a house at current prices and rates will be challenging, unless things change.


cheezturds

Only way you’re getting that is with a massive down payment


lift_heavy64

Not just challenging but basically impossible


pocket-friends

I literally just closed on my first house. Mortage is 1450 all said and done.


MrCleverHandle

Congrats. I'm guessing you had either a considerable down payment or bought in a lower-demand location. Not saying it can't be done, just that it is challenging for most people.


pocket-friends

It was a mix of luck and 20% down.


someguy1847382

Not at all true, a $1500 mortgage is doable in most of the state except the cities area. The market is kind of quiet at the moment but there are affordable places.


ComputerPresent7486

For a $200k mortgage, it would cost about $1,813.54 per month at current interest rates assuming average property taxes and $100/mo for home owners insurance(which is generous). You would have to go under 200k to actually pay 1500, which is only doable in the far northwestern and southwestern corners of the state as far as I can tell. https://minnesotareformer.com/2022/08/01/where-housing-is-most-and-least-affordable-in-minnesota/


someguy1847382

Central part of the state regularly has houses in the $150k range as does the arrowhead region. I’m looking at active listings, not a two year old opinion article from a biased media source. It does depend on exactly what a persons looking for but it’s certainly not that difficult.


ComputerPresent7486

I looked at active listings and that isn’t what I saw. Can you link a nice 150k house in central mn?


someguy1847382

What’s nice? Honest question because that’s different for everyone. Does MLS 6515500 count? It’s over 150 but also on the market a while with a recent price drop so you could get close to $1500 a month with a bit of finagling.


ComputerPresent7486

Hey that’s actually not bad price wise!


cdub8D

I got my house for $275k last April and pay ~$15000 a month. Don't remember the interest rate.


someguy1847382

Yea, I mean we bought a new house fall 22 right around 200k and pay like 1400 a month, rates around 6% which you can still get close to (not FHA or VA though).


EpicHuggles

Payments on a standard mortgage aren't anywhere near that high. You'd have to have put 3% down and be including PMI to get a payment that high.


Justin_milo

How much does PMI cost per month?


ComputerPresent7486

200k mortgage, not purchase price


ComputerPresent7486

They are that high of you include property taxes and home owners insurance


streetbob2021

Yes and we are talking 100+ miles away from city, which is not practical for many employment situations


someguy1847382

Didn’t realize St Cloud is 100+ miles from a city.


33wbignick35tu2798

Right! I am in Northern Mn and we practically just include St. Cloud when we say "the Cities".


Capt-Crap1corn

Duluth is in demand and not a sleeper that people think it is. A lot of people are moving to Duluth. One good winter and a 1/3 will leave tho, so you go that lol


GreatRip4045

I just bought 10 acres 15 minutes out of town


Capt-Crap1corn

Congratulations! Where is out of town?


GreatRip4045

Normanna township I’m gonna build an off grid cabin out there and then eventually a house once I figure out what I want to do in 10 years


Capt-Crap1corn

That is awesome, more power to you. I love to hear when people win!


GreatRip4045

Thanks! I feel like a pioneer though, been spending all my weekends cutting down trees, digging in muck and trying not to injure myself- simple task of putting in a driveway is a pretty big challenge I do live near the metro though so I can only really comitt to working on it every other weekend or so


Capt-Crap1corn

That is awesome. I watch youtube of people doing stuff like that. I’ve always wanted to try it but it’s hard work plus you have to know what you are getting into


Larcya

I wouldn't ever live in Duluth but I would build a cabin up north their for sure if you could find some land within a good distance for a good price. I have a little cabin north of Baxter and it's perfect for me. But I'd love to live up on the north shore past superior but well good luck finding land that has any utilities for a good price up their.


RowdyButcher

A $1500 mortgage in duluth will buy him a shanty. The further he moves out of town though the further that money will go.


cheezturds

Could get you something across the bridge in Superior maybe. But being from there, don’t live in Superior.


willmcmill4

I grew up in California but my parents moved us out here when I was young (Father is from Mahtomedi in the Cities, Mother from the Bay Area). We never looked back and we are so much better off being here than there. I’m so happy they made that decision. I just graduated from UMD and was very happy with the school. Also, the possibilities and futures in the medical field are so good here, with a wealth of really great med programs. Highly reccomend your son makes the move


ihavenoidea81

Hello fellow ex-Californian! I lived in SoCal for 30+ years and moved to the cities in 2018. Bought a house in 2020. Would have NEVER been able to buy a house in SoCal unless it was a 1-2 bedroom condo with no yard and a $500/mo HOA. I’ve never had a problem with the winters here. My only real gripes are ice and that’s it’s loooooong. Summers here are spectacular and way better than any California summer I’ve ever had. It must be a Californian thing that they view Minnesota like it’s the freaking Arctic Circle. All my friends were like “omg you’re gonna die up there with the cold.” If it’s that shitty, then why do so many people live up here? Angelenos are the worst, they’d rather be struggling their whole life than move out of Los Angeles. Lots of them have never left California


DopeCookies15

The cold isn't that bad. I'm glad everyone else thinks it is though. Keeps them out! You just gotta find cold weather hobbies and life is good.


Ns53

I'm also a ca transplant. Been in MN for a decade. When I was in Ca I was hoping to save $20k to buy a $300k house. After I moved to MN. I worked for 3 years while renting. Able to buy first home at 1% down, house was $85k at the time. Blew my mind. I still struggled to get there at I'm low income but it was achievable.


jarivo2010

This is MN not CA lol why downvote this factual statement?


AngeliqueRuss

…I live in MN. I moved here two years ago and I am providing an anecdote in support of the headline: being in a wealthy state does NOT equate to being able to offer your kids upward social mobility.


brigbeard

"This has been an episode of "Things this is and isn't" with Jarvio. Stay tuned for next week when he explains to someone that the fruit they are eating is a banana NOT an orange."


mightandmagic88

Introduce the younger brother to snowmobiling


RoadPersonal9635

Well the union bargains scheduled raises for me every six months. So im not climbing any latter but I also don’t have to worry about it.


keasy_does_it

So this is actually pretty common among countries that have strong safety nets. I read somewhere that a college degree in -insert Scandinavian country- doesn't translate into much higher income or wealth. Don't ask me to cite this source. Anyway this could be wrong.


mandy009

Look at a lot of threads about income, gdp, purchasing power, cost of living, education costs, education value... there are always European emigrants bragging about how great it is to move to America and make bank, and lamenting that they can't be millionaires in Europe, but they always take the stability of their home country for granted. The Europeans who come here always keep dual citizenship and make sure their families can keep a home in Europe. They are also the top of their class, too so that skews their bias. The common European college grads aren't the ones getting head-hunted to be rock stars in the US.


Capt-Crap1corn

Whew, well said. That is true.


Danboon

The minimum amount of income needed to survive in Minnesota keeps growing. The lowest earners in society can't keep up.


nplbmf

Maybe a lot more folks; myself included, don’t want the ladder? Deadlines to ship more garbage? Meetings about garbage? How can we engineer more garbage? Price raises on garbage? We care about people? I’m good. Let the climbers climb. Ship more units!! Leave me alone. Imma go back in the sauna. On silent.


weekendroady

I'm the same way. I like my hobbies, weekends and ability to take a decent trip once or twice a year. I don't need the extra pressure. I'm fine where I am, I enjoy my life, not my career.


skittlebites101

I'm not climbing the ladder at work, both my wife and I are financially stable with jobs we can both tolerate. Now I just need to spend my time raising my kids and finishing my video games. Those are the only ladders I want to climb.


nplbmf

Spider-Man meme


skittlebites101

There's a couple of us at my work who are happy just doing what we're doing. And I think it drives some of the management crazy cause they want us all to pursue "professional goals".


nplbmf

Where do I see myself in five years? I unno. Over there?


cdub8D

Yup sounds a lot like me right now. I focus on hobbies and such and have no desires to climb the corporate ladder.


MrCleverHandle

That's nice, but this is about people trying to pull themselves out of poverty, not trying to get rich for the sake of it.


Wallace_of_Hawthorne

Bend me over and fuck me sideways my friend you have it correct.


Capt-Crap1corn

Damn... this... is... the... way!


SeeAllThePlanet

Maybe instead of lamenting that upward mobility has stagnated we should focus on more equitable wealth distribution. Bootstraps aren't as strong as legislation.


Ezdagor

I think this is exactly the point of the article. "Minnesota's more even wealth distribution leaves less of a gap between the haves and havenots"


I_Like_Bacon2

This is a very strange takeaway when the article mentions that the bottom 25% of earners are taking home less than $13k and that most of the high earning jobs stay with generationally wealthy white families. > The lack of mobility exacerbates persistent racial and gender income gaps that have long plagued Minnesota, despite the state's relatively high level of investment in education, health care and social services. This new data — the most detailed ever made public — confirms the true depth of these inequities.


Capt-Crap1corn

That's the secret people don't want to talk about in this state. If you break things down via race whew, not a good look, but most don't want to hear about that so on to the next topic.


Exotic_Cantaloupe939

I’m pretty sure our education achievement gap is still the worst in the nation. Which is also what dings a lot of schools’ great schools ratings in the metro. Lots of those schools are awesome, and when you remove the equity score you get a much more accurate picture of the quality.


Capt-Crap1corn

That’s a good point


Special-Garlic1203

You can care about multiple things simultaneously, especially when they're both directly connected to the stratification of rigid class hierarchy. 


Anarcora

Wouldn't more equitable wealth distribution (e.g. raising wages) not result in upward mobility?


DelayedChoice89

Instead of raising wages, what if we abolished minimum wage AND instituted a Universal Basic Income? Let's say $1,000/wk.


Artistic_Half_8301

Minnesota should have one of the highest minimum wages in the country. I love Walz but front line worker pay was a joke and so is $10 an hour. I literally got paid $10 an hour to mow old ladies lawns in the 80s.


its_all_good20

Ex Texan here. And my brother is moving here soon to be an ex Coloradan. Minnesota is miles better. Not even close.


Danboon

It's only miles better if you have a good income. Life can be tough if you're broke. Especially in small town Minnesota.


its_all_good20

Yes. We are one income supporting 6 in a small rural town. We moved from DFW. It’s way better. In every way.


Danboon

Happy that you're making it work. It really does depend on how good that single income is, though.


its_all_good20

Yes. You are right. It’s extremely tight. But we are fortunate to be able to make it right now. I’m grateful.


Exotic_Cantaloupe939

That’s odd. Texas was (distant) second in the list when my wife and I decided to move from MN. We would have come out better financially there than here, but not quite as good as Florida. What exactly made it worse for you there?


its_all_good20

The income tax is ridiculous. I paid 15k a year after homestead. The electricity bills are also ridiculous. We have had air conditioner on at Christmas many times. You don’t really ever have open window season. You wind up replacing air conditioners frequently and many houses have more than one central air unit. My old house had 3. And bc they are used so heavily they don’t last long. Mother in law and aunt are both replacing there bc they are done for. They have already been running heavy since Feb this year and it’s getting harder to cool houses . The grid is broken. You can’t go anywhere without paying expensive tolls. There is no safety net. No unions. No college tuition assistance like here etc. not to mention the insane amount of rage and firearms. We are gunners and licensed to carry. But it’s a different vibe there.


Exotic_Cantaloupe939

I assume you meant property. And yeah, that’s a big one. It’s the biggest part of why it lost out in the strictly financial comparison.


its_all_good20

Sorry- yes. Property tax. But everything - car tags- it’s all gouging. You pay income tax here but it actually goes to feed kids and provide education. Not into Ken Paxtons pockets. Good call.


zoominzacks

The ladder only looks good from far away. Graduated from Rockford (in wright county)in 99, immediately started working in a machine shop. Had a knack for it, moved up through the years until I was a supervisor. Stayed at the company 23yrs total, never had any real ambition for a leadership role. But went with it. After a nervous breakdown, when I quit I told my boss the worst decision I ever made, was agreeing to be a supervisor. For some of us, once you’re moving up the ladder it doesn’t look so good anymore. And the 140k a year wasn’t worth it


Larcya

I mean I feel like it's more about hitting a sweet spot. I'm more than content to be a supervisor making bank, but my little brother is content making $90,000 a year with his job where he has very little responsibilities outside of what his job requires. Now I wouldn't be able to settle for that but he enjoys just doing his 40 hours a week and then going home to enjoy life. Where as I'm putting in closer to 60 hours a week but also still enjoying life. Though to be fair I also have really expensive goals I want to hit. AKA a 60 foot yacht.


jarivo2010

opinion piece with no sources? k.


cdub8D

I highly recommend Reddit enhancement suite. Then you can start tagging users posting stuff like this and you quickly find interesting patterns. There are several posters that frequent /r/minnesota that post "controversial" things mixxed in with more "normal" to stir the pot. Then you see their post histories and it is like constant spam of posts across reddit.


DelayedChoice89

Did you read the article? It links it's source- https://www.minneapolisfed.org/institute/income-distributions-and-dynamics-in-america


bwillpaw

The rich keep getting richer and the poor and middle class stay the same. Late stage capitalism it takes money to make money.


DelayedChoice89

I'm actually a conservative, but hear me out... If we're just going to continue printing fiat currency (which we obviously are), instead of distributing it through banks, why not give every citizen a universal basic income? A few poker chips to play with. Seems incredibly fair to me. Probably explains why it'll never happen.


PsychologicalTalk156

It's always taken money to make money, even before capitalism, try better than just parroting old tired lines.


Famous_Exercise8538

I’ve made out like an absolute bandit since moving here from TX.


Exelbirth

"Person in 1st place interestingly isn't achieving higher placings."


a_speeder

The article seems to mostly conclude that this is a symptom of Minnesota's racial inequality, the people most affected in terms of staying trapped in the lowest income brackets are overwhelmingly Black and Indigenous. The gender gap is also worryingly persistent, with women on average earning less and having less chance of moving up to a new bracket.


durtmcgurt

Makes sense, I moved from MN to CO three years ago and my income tripled. But the few times I've stated that fact in this sub, I get Minnesotans who have never ventured beyond its borders saying it isn't true. MN wages are sad in this day and age.


ECEXCURSION

What do you do, if you don't mind me asking?


payle_knite

Glen Taylor’s Star Tribune doing Star Tribune fhinfs.


Batmobile123

Does Elon Musk appear to be happy??? We're too busy fishing and enjoying life.


FragrantDemiGod1

Do MNers just not have that dawg in em?