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re: Do you know anyone who has a high paying job but hate what they do?
Posted on 2/21/22 at 8:55 am to GEAUXT
Posted on 2/21/22 at 8:55 am to GEAUXT
quote:
This is absolutely true. 200k is not going to afford a big house, expensive cars, boat, fancy trips, etc unless you are hugely in debt and not saving for retirement.
The only people who don't understand that are people who make substantially less than that.
quote:
Median household income was $67,521 in 2020, a decrease of 2.9 percent from the 2019 median of $69,560 (Figure 1 and Table A-1). This is the first statistically significant decline in median household income since 2011.
Then I guess a majority of the US is majorly fricked.
2
Posted on 2/21/22 at 8:58 am to 50_Tiger
quote:
Then I guess a majority of the US is majorly fricked.
really, while I agree that $200k isn't what it used to be(maybe the new $100k?
) you can have a pretty comfortable life on that income, depending on where you live, of coursePosted on 2/21/22 at 9:31 am to Billy Blanks
quote:
Times are changing. 200k isn't that much money anymore. Not even factoring in inflation. Not anywhere close to providing a luxury lifestyle many think of at that.
This is true.
This post was edited on 2/21/22 at 12:39 pm
Posted on 2/21/22 at 10:00 am to 50_Tiger
quote:
Then I guess a majority of the US is majorly fricked.
I didn't say that, and what you posted doesn't refute what I said.
Making 200k will certainly put you far ahead of the average household as far as saving for retirement and college. It will also allow you to live the lifestyle MANY of those average households are, but without all of the debt.
Making 200k,regardless of the geographic location, does not allow someone to live what most consider the "rich" lifestyle unless they are either in debt or not saving much for retirement.
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