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RE: Understanding Household Income

in LeoFinance • last year

Too survive in Cali you really almost have to have six figure income. Things here have gotten so expensive.... Great information in your post today! It's amazing to see so many countries with such low median income but people manage to survive. Luxembourg has almost always been on top as long as I can remember.
!CTP
!LUV

last year in LeoFinance by
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     11 months ago  

    Six figure income is average here, and it can be challenging for me even without any dependents!
    We are blessed to live in this country.

    The Luxembourg labor market represents 445,000 jobs occupied by 120,000 Luxembourgers, 120,000 foreign residents and 205,000 cross-border commuters. The latter pay their taxes in Luxembourg, but their education and social rights are the responsibility of their country of residence. The same applies to pensioners. Luxembourg's government has never shared its tax revenues with the local authorities on the French border. This system is seen as one of the keys to Luxembourg's economic growth, but at the expense of the border countries.

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