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I am making about $1-2 more an hour than I was in the late 80's. Different job, different location.
The experts who say "income has been stagnant from the 80's to today" are right as far as I'm concerned.
Now that my state has free tuition for full time students, I am seriously thinking of going back to school to actually finish a degree and not be burdened by lots of student loan debt. I never did finish before as I wasn't about to fall into that trap. I did for one semester and the money was easy to get for tuition, books, living expenses, even bought a well used car for transport, and then I looked at what I was going to owe on, and said "Never again", so my pay-as-you-go plan failed.
THEN, armed with the degree, MAYBE i can make about $4-6 more than I am now.
As of this day,I make what I had in 1988. That was 13k. From 2000 til 2016 I made 4x's that per year. My best years are behind me..The struggle to survive is daily. I'm glad to read that some have done well. Keep up the progress. I pray you don't walk in my shoes...I need them to survive.
Retired - but, built some 'inflation-fighters' and 'down-economy' hedges into our retirement plan - so our income would steadily increase over the years.
One thing I have often counseled job seekers (particularly new college grads) to do is "get whatever you can going-in." One never knows where the economy or company is going and what pressures will exist in the future. Thus, for example, if one accepts a starting salary several thousand lower than they should, one will pay for that decision EVERY year from that point forward.
I changed jobs at the beginning of 14. Switched to an hourly job and made more per hour plus o.t. They are reducing that now though. I expect to make less this year and less in 18. That's the only time I've made a large jump in salary. Before that it was 2-3% raises.
I am making about $1-2 more an hour than I was in the late 80's. Different job, different location.
The experts who say "income has been stagnant from the 80's to today" are right as far as I'm concerned.
Now that my state has free tuition for full time students, I am seriously thinking of going back to school to actually finish a degree and not be burdened by lots of student loan debt. I never did finish before as I wasn't about to fall into that trap. I did for one semester and the money was easy to get for tuition, books, living expenses, even bought a well used car for transport, and then I looked at what I was going to owe on, and said "Never again", so my pay-as-you-go plan failed.
THEN, armed with the degree, MAYBE i can make about $4-6 more than I am now.
Yep, father worked at a factory in the early 90s as a mechanic. Today, not only has the pay declined in absolute dollars, they are all contractors.
My income has increased over the past three years due to annual cola raises. Plus my rent and electric has decreased because I live in a smaller place.
Our income about doubled 4 1/2 years ago due to my husband's going from being an employee to being the business owner. We lose some of that to the payments we are making the previous owner (which will end in 1 1/2 years), and rent for the property.
I've been lucky - well and ive worked hard for it - and my income has tripled since 2011... My husband has remained flat and then down 20% due to our relocation 3 years ago. Net net weve seen an icrease of 90% or so in our household since 2011.
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