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re: Salaries vs inflation
Posted on 6/3/25 at 6:17 pm to Mingo Was His NameO
Posted on 6/3/25 at 6:17 pm to Mingo Was His NameO
quote:
You were an English major
Wrong. I received a bachelor of science from LSU in 1990. Also, I learned grammar in junior high school. But I did have to take English Comp as a freshman, and we had to write papers all through college. Not knowing the difference between a subjective and an objective pronoun was not an option for those papers.
My ex-wife was an English major. After she graduated, she got a job programming and eventually made it into management due, in part, to her excellent writing skills.
0
Posted on 6/3/25 at 6:37 pm to jizzle6609
quote:
Your dad is a beast brother. That’s a real man quite honestly
For sure. He is an engineer and was laid off in the early 80s. Couldn't hack being on unemployment so he got a job as a deckhand on a pipelaying barge. He ended up retiring as a VP of the company he started as a deckhand at.
quote:
I had conversations as an adult with friends on how disconnected families are
Yeah its pretty sobering. I have friends who cant build up a lot of savings because they're always having to help support their parents.
quote:
Regarding money I think my dad just learned what not to do when he was young by watching his father and I think he was just blessed with wisdom especially in understanding the long game and the keeping up with the jones’s nonsense
I think that's how my dad figured it out as well.
Posted on 6/3/25 at 6:45 pm to Loup
quote:
Yeah its pretty sobering. I have friends who cant build up a lot of savings because they're always having to help support their parents.
I can remember in college people talking about how much money their parents made and I really never entered those conversations because while my dad did well it’s not mind blowing numbers, especially by today’s standards. Many of those guys dads either are concerned about money now or have actually come back into the workforce.
It’s really not an earning issue nor has it ever been really. It’s a spending issue. Obviously life happens and medical stuff can sink ships quickly but not if you’ve always done what you were supposed to regarding medical expenses after retirement. It’s a failure in planning and in spending. These things aren’t event difficult, this is the easiest of finance quite honestly lol. We haven’t even gotten into investing and people have already fallen way short.
I know many will disagree but it’s always been a spending problem.
Posted on 6/3/25 at 6:46 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.
When the 85th percentile is affording the lifestyle that the median once held, that's a problem.
Posted on 6/3/25 at 6:49 pm to jizzle6609
quote:
know many will disagree but it’s always been a spending problem.
Some things, maybe, a lot of things, no. Housing, healthcare, & education have all gotten more expensive per current inflation data.
Posted on 6/3/25 at 6:54 pm to NYNolaguy1
quote:
Some things, maybe, a lot of things, no. Housing, healthcare, & education have all gotten more expensive per current inflation data.
Understood.
We did that. Women came into the workforce. Many families have dual income. When women started going to school they chose degrees that would pay off less but still cost a pretty penny then they carry more student debt because their earning power is less due to market demand.
These are all things we did as a society and there are repercussions for every action as we all know.
This post was edited on 6/3/25 at 6:57 pm
Posted on 6/3/25 at 7:01 pm to NYNolaguy1
quote:
When the 85th percentile is affording the lifestyle that the median once held, that's a problem.
Many things are definitely more expensive than they were for previous generations, but we have had a pretty significant lifestyle expectation shift too.
My anecdotal observation is that middle class people these days expect what an upper middle class/slightly wealthy lifestyle was 35 years ago.
Both things can be true.
This post was edited on 6/3/25 at 7:02 pm
Posted on 6/3/25 at 7:27 pm to fallguy_1978
quote:
My anecdotal observation is that middle class people these days expect what an upper middle class/slightly wealthy lifestyle was 35 years ago
I agree, it's mostly this. I lived in shitty apartments for years, with roommates. These days you just can't do that, or so they tell us.
Posted on 6/3/25 at 7:33 pm to calcotron
quote:
I agree, it's mostly this. I lived in shitty apartments for years, with roommates. These days you just can't do that, or so they tell us.
I just think about my own upbringing. My dad had a decent paying degree from LSU. 15-20 years into his career he drove a 10+ year old vehicle. We lived in a 1500 sq ft house with a family of 5. My sisters shared a bedroom until high school. We vacationed once per year for maybe 4 days, almost always in Houston. We were solidly middle class with college educated parents.
Posted on 6/3/25 at 7:34 pm to calcotron
quote:
I agree, it's mostly this. I lived in shitty apartments for years, with roommates. These days you just can't do that, or so they tell us.
I don’t know anyone that doesn’t do this. Like no one. Are they “shitty,” I guess that depends on your definition, but our associates who all have graduate degrees have to live with roommates in 1200 sq ft apartments that went up in a year. Cheapest materials, appliances, etc. I legitimately don’t know how young people who have shitty jobs do it other than live in the absolute ghetto.
Posted on 6/3/25 at 7:39 pm to BabyTac
I thought you said you make a million a year? I can’t keep up with all your lies. I’m going to hire an assistant. I’ll be better I promise.
Posted on 6/3/25 at 7:46 pm to BabyTac
quote:Subtle brag
As a senior VP
Posted on 6/3/25 at 10:16 pm to fallguy_1978
quote:
I just think about my own upbringing. My dad had a decent paying degree from LSU. 15-20 years into his career he drove a 10+ year old vehicle. We lived in a 1500 sq ft house with a family of 5. My sisters shared a bedroom until high school. We vacationed once per year for maybe 4 days, almost always in Houston. We were solidly middle class with college educated parents.
This sounds a lot like my childhood.
Smart sobs. Kept our expectations low haha
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