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Started By
Message
Salaries vs inflation
Posted on 6/1/25 at 3:09 pm
Posted on 6/1/25 at 3:09 pm
Graduated college in 2000, EE, $60k/year. Rent was $500/month, Bought first house in 2003 for $112k. DR Horton type in a nice area. Won a bass boat in a tourney, but price for signature Skeeter was $30k
2025:
We’re paying EEs out of college ~$75k, average rent is minimum $1000/month, that same house is $335k, Skeeter’s signature bass boat is $90k.
What is the end result? We all know prices never come down. How will a young family in their 20s make it work. Add in a kid. Had a great conversation on the golf course this morning with a fine young man (23). The economy has to crash at some stage. I get it now. No way this is sustainable for the younger generation.
Moving all my assets to cash.
2025:
We’re paying EEs out of college ~$75k, average rent is minimum $1000/month, that same house is $335k, Skeeter’s signature bass boat is $90k.
What is the end result? We all know prices never come down. How will a young family in their 20s make it work. Add in a kid. Had a great conversation on the golf course this morning with a fine young man (23). The economy has to crash at some stage. I get it now. No way this is sustainable for the younger generation.
Moving all my assets to cash.
This post was edited on 6/1/25 at 3:11 pm
32
Posted on 6/1/25 at 3:14 pm to BabyTac
Go away retard
Posted on 6/1/25 at 3:15 pm to BabyTac
Wait, you’re saying that the buying power of the dollar is decreasing rapidly, but you’re moving all your assets to cash?
You should charge for financial consultation.
You should charge for financial consultation.
Posted on 6/1/25 at 3:15 pm to BabyTac
quote:
What is the end result? We all know prices never come down. How will a young family in their 20s make it work. Add in a kid. Had a great conversation on the golf course this morning with a fine young man (23). The economy has to crash at some stage. I get it now.
I get a measly "cost of living raise" every year which doesn't come close to accounting for the ridiculous prices in the city where I'm employed.
Not to mention my company is taking away perks, increasing micromanagement, and not listening to us ground-level employees actually doing the work on a day to day basis when making decisions. In addition, the amount of administrative work I have to do has increased exponentially in the past year.
And they wonder why people are burnt out and annoyed. It's like, seriously, I know we're not supposed to talk about salaries at work, but especially in 2025, I'm not getting paid enough to deal with this crap.
This post was edited on 6/3/25 at 5:40 pm
Posted on 6/1/25 at 3:15 pm to BabyTac
quote:
n. How will a young family in their 20s make it work.
Not sure, but the first step would be to not buy a $90K bass boat. And probably not a $335K home if you can’t afford it.
Posted on 6/1/25 at 3:16 pm to BabyTac
Add another $1000 for rent and you might be close to what it actually costs
Posted on 6/1/25 at 3:19 pm to BabyTac
Back in the day a man could raise his family, a wife and two kids, in a house, with a car, on his salary alone. That was without a college degree.
Two married college graduate professionals struggle to maintain that standard of living now.
Two married college graduate professionals struggle to maintain that standard of living now.
Posted on 6/1/25 at 3:20 pm to BabyTac
quote:
The economy has to crash at some stage
quote:
Moving all my assets to cash.
If anything about what you claim about the type of work you do is true, your organization must be full of muppets.
Posted on 6/1/25 at 3:21 pm to pelicansfan123
quote:
which doesn't come close to accounting for the ridiculous prices in the city where I'm employed
quote:
, I'm not getting paid enough to deal with this crap.
And this is your employers fault why? You agreed to your salary. Get another job if you think you’re so valuable.
Posted on 6/1/25 at 3:22 pm to BabyTac
quote:
Won a bass boat in a tourney, but price for signature Skeeter was $30k
There is not a single poster on this website who believes you won a fishing tournament. Especially after you admitted to committing fraud at Academy.
Posted on 6/1/25 at 3:25 pm to Smeg
quote:
Two married college graduate professionals struggle to maintain that standard of living now.
If you know you are going to college, you should research which jobs are in demand with a good salary. 2 people making 75k or 100k each shouldn't have a problem.
Posted on 6/1/25 at 3:25 pm to BabyTac
All part of the larger plan my friend.
Posted on 6/1/25 at 3:26 pm to tigerinthebueche
My eyes were open. As a senior VP, I can’t promise anything, but will work for increased salaries. I will say the conversation comes up all the time, and it’s always countered with:
Such and such cost, but mostly:
“This is what I made as a junior level employee. That sounds out of balance (not realizing it’s been 20-30 years ago). “. - trust me, most of these guys are disconnected to time periods and inflation of when they were in a younger man’s shoes.
Such and such cost, but mostly:
“This is what I made as a junior level employee. That sounds out of balance (not realizing it’s been 20-30 years ago). “. - trust me, most of these guys are disconnected to time periods and inflation of when they were in a younger man’s shoes.
This post was edited on 6/1/25 at 3:31 pm
Posted on 6/1/25 at 3:28 pm to saintsfan1977
quote:
If you know you are going to college, you should research which jobs are in demand with a good salary. 2 people making 75k or 100k each shouldn't have a problem.
You're missing the point completely. One person without a college degree cannot maintain the lifestyle he once would have been able to. That's a decline in the standard of living.
This post was edited on 6/1/25 at 3:29 pm
Posted on 6/1/25 at 3:29 pm to BabyTac
quote:
As a senior VP
No one believes this anymore than you winning a bass tournament. A raffle, maybe. But not an actual fishing tournament.
Posted on 6/1/25 at 3:30 pm to Smeg
quote:
You're missing the point completely. One person without a college degree cannot maintain the lifestyle he once would have been able to. That's a decline in the standard of living.
I didn't know welders, plumbers, and electricians needed a college degree. The more you know..
Posted on 6/1/25 at 3:30 pm to BabyTac
quote:
Moving all my assets to cash.
That's not a lot of wisdom, baw. Put it into something tangible...metals, land, something that doesn't depreciate.
Posted on 6/1/25 at 3:31 pm to Smeg
quote:
Back in the day a man could raise his family, a wife and two kids, in a house, with a car, on his salary alone. That was without a college degree.
Two married college graduate professionals struggle to maintain that standard of living now.
I mean, yes…but also no.
Yes, young families “struggle” today if you look up and down and across society as it is today…but compared to “back in the day”, that “struggling” family still has a house twice the the size, a car that is multiple times safer and feature packed, a trip to Disney or Universal every year (vs like once ever for the family “back in the day”), take out and restaurants all the time, time-saving delivery services, etc.
This isn’t me bashing young families today. It’s definitely hard, but people like to ignore all the tech/material advantages of living in 2025 vs 1985. It’s pretty significant from a quality of life perspective even if you have to “struggle” for it.
This post was edited on 6/1/25 at 3:33 pm
Posted on 6/1/25 at 3:35 pm to BabyTac
Do cost of college and the predatory student loans the federal government offers to kids before their legally adults as well.
The fact that we have federal student loans that are literally called "student-aid" with 20%+ interest rates that we offer to children before they have a credit score is insane to me.
I'm not saying we should forgive student loans but we should absolutely remove all interest immediately and any payments you made should be applied to your principal of what's owed.
Why would we be a fan of our federal govement charging insane interest rates on our next generation? What good comes from that for anyone but an over bloated federal government.
yOU tOoK ouT tHE lOaN YOu pAy iT baCK
It's also the only debt you can't file bankruptcy on. It's insane.
The fact that we have federal student loans that are literally called "student-aid" with 20%+ interest rates that we offer to children before they have a credit score is insane to me.
I'm not saying we should forgive student loans but we should absolutely remove all interest immediately and any payments you made should be applied to your principal of what's owed.
Why would we be a fan of our federal govement charging insane interest rates on our next generation? What good comes from that for anyone but an over bloated federal government.
yOU tOoK ouT tHE lOaN YOu pAy iT baCK
It's also the only debt you can't file bankruptcy on. It's insane.
Posted on 6/1/25 at 3:36 pm to Dadren
quote:
to ignore all the tech/material advantages of living in 2025 vs 1985. It’s pretty significant from a quality of life perspective even if you have to “struggle” for it.
Most ‘good kids’ don’t care about all that crap. They just want to support a family which seems impossible with the cost just to live.
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