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thats pretty good I think for a single person. unless you are Dr. 85% won't make above 100k
"The U.S. Census Bureau reported in September 2014 that: U.S. real median household income was $51,939"
that means 2 or 3 people living in household combined is 51k.
The more you make, the more you worry about making more. I'd love to be making millions, but I know I'd still be stressed and disappointed about not making multi-millions.
I'm fresh in a new job and doing very well, it's enough to live happily at the bottom of the pay-scale, but I'd always like more, even at the top.
I'm 30. I recently turned down a $75k/yr job with a telecom company and accepted a job in health care. I've worked in telecom before and vowed not to work in that industry again because of how volatile it is. TelCos are constantly gobbling each other up, and as a result, there is constant job instability. I just bought a condo last year. I'm not about to put that all on the line for a company that has terrible employee reviews and a shrinking market share. So I accepted the job that paid ~$9k less.
Additionally, the health care provider had significantly better benefits. In the end, I believe I made out better when looking at total compensation package and not just salary alone.
I'm secure - two $100K+ incomes in IT let you raise 2 kids and save for retirement pretty comfortably. We are toying with the idea of one of us going part time in 5-10 years and doing more stuff we enjoy - we are 40. Which brings me to this question: why do you think 80K is the max in your field? Are you in the extremely low COL area and salaries are low as well? My spouse made 80K in Northwest Ohio - not the most expensive area, and our salaries went WAY up after we moved to CO.
One thing I learned from 15 years in IT - never stop learning and your salary will keep going up.
In my late 20s single make about 40k. Im ok now but max salary ill prolly make 60-80k max in my career it feels insecure. (IT Field). But I'll never be satisified unless I am a millionaire. But in reality i'll make 70k/year all life.
What salary range will u be satisfied and be secure?
IMHO, there's a basic error in equating monetary intake with satisfaction and security.
At the base of all this, you're still dependent on keeping someone else happy or you could lose it all. Until you have control over your future, you're likely to still be unsatisfied and insecure and as long as other folks can hire and fire you, you probably always will.
I couldn't even imagine living on $70K ever again. I actually would have a hard time living on anything less than $100k. For me $100K is actually struggling at the moment.
You'll never reach the top of Maslow's hierarchy of needs. Some people theorize you can never reach the top because you always set the bar higher. Personally, I do not see you as insecure, I see you as always trying to move forward/up. As long as you don't be a cutthroat and do it at the expense of others, why would that be a problem?
My total compensation comes out to more than $100k when factoring I don't pay state tax, healthcare is provided for me and my family, not all my income is taxable and I get partial use of government vehicle.
It will most likely go down when I transition to the civilian world. It'll be a change but being able to spend more time with my family will make it worth it.
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