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The median household income in America is $54K. For my area, it's $66K in central CT. I make $70K here. So i guess I'm above average, especially as a single householder. But it still feels average. I live in an average apartment. I can only save about $9,000 a year at best. And buying a "median" home around here costs about $250K. It's tough for a single person.
But think about it this way... on a single income you're better off than more than half of households, of which only 27% are single adults.
How you feel is a symptom of our inequality problem. I know exactly what you mean. I remember my first career type job and thinking..."I'm making 60k, why do I not feel rich?"
It is truly unfathomable as to how many people in these forums are making six figure incomes under the age of 35. It's just depressing to read and makes me feel like an epic economic failure. I'm 32 and make $70K in central CT. Where did I go wrong?
There's nothing wrong with where you're at but I can't tell you that if you wanted something to change you do far too much crying about it here. Change your attitude, look for change and maybe you'd find it
Married - 52 & 51
Atlanta metro area
Household income - $170,000
Net worth - Not sure, no real debt other than mortgage. Retirements savings $700,000 (pre-tax)
It is truly unfathomable as to how many people in these forums are making six figure incomes under the age of 35. It's just depressing to read and makes me feel like an epic economic failure. I'm 32 and make $70K in central CT. Where did I go wrong?
You didn't go wrong. People work very hard to get where they are. In my case, I spent a handul of years making $20k before getting to where I am now. Look to always better yourself and get into an industry you enjoy.
The best kind of work is when it doesn't feel like work.
You didn't go wrong. People work very hard to get where they are. In my case, I spent a handul of years making $20k before getting to where I am now. Look to always better yourself and get into an industry you enjoy.
The best kind of work is when it doesn't feel like work.
Exactly. I'll probably never make more than 80K or so in current dollars, maybe more if I moved to an expensive area. But more than 50% of my job is stuff I would do for free on my own time.
Exactly. I'll probably never make more than 80K or so in current dollars, maybe more if I moved to an expensive area. But more than 50% of my job is stuff I would do for free on my own time.
I can't speak for others, but I would rather have a better work-life balance than a money-life balance.
Exactly. I'll probably never make more than 80K or so in current dollars, maybe more if I moved to an expensive area. But more than 50% of my job is stuff I would do for free on my own time.
salary's here in nyc run 3x the national average but it is costly to live here . actually anywhere in the tri-state area will be costly .
but there is an advantage to these high costs . the fact that housing does cost so much can be a double edge sword .
in the long run it forces a lot bigger share of income in to buying a place .
if you relocate to cheapsville eventually, you got two big pluses that the locals don't have .
the higher wages can lead to a lifetime of higher ss payments and the sale of a house you owned for many years can yield a big windfall. a 150k house going up 3% is no where near a 600k-800k house going up the same 3% .
so those who relocate from these high cost areas tend to be in far better shape than those who lived in cheapsvile all their lives
I live in the DFW area.
27.
2014 income - $118K, 2015 income - $135K, 2016 income trending to $145-155K
Networth - $225K.
I think I reported 80K or something last year but now that I cleaned up my finances, paid off my student debt and actually calculated it, it was much higher than I thought. around $70K or so is all home equity.
I live in the DFW area.
27.
2014 income - $118K, 2015 income - $135K, 2016 income trending to $145-155K
Networth - $225K.
I think I reported 80K or something last year but now that I cleaned up my finances, paid off my student debt and actually calculated it, it was much higher than I thought. around $70K or so is all home equity.
Indeed I am... on-premise / SaaS software to be exact. I work with companies at mostly a mid-market to enterprise level (think $100M+ revenue or companies with 500+ employees). Some of my larger customers have upwards of 10K-20K+ employees. I have a technical consultative background in specific which also helps to drive my base salary higher as well.
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