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What if they had no family to support, no college debt and budgeted, also what if the employeer offered these benefits too.
10-25 days vacation, 15 days sick leave, 10 paid Holidays, and 7 personal leave days annually generous health insurance, vision care, dental plan, prescription plan all with employer contribution, *healthcare and retirement benefits such as the 457 Deferred Compensation Plan and the 401(k) Savings and Investment Plan and a pension system, and life and accidental death insurance plan.work is performed in a office setting, and works 40 hrs or less per week
If using your maximums, you have 25+10+7 days off = 42 effective PTO days per year, over eight weeks. $50k a year is more than decent for a single person in the majority of noncoastal metros. Most people would be all over that position.
That's a lot of free time. If you make a 10% contribution to the retirement(401k/pension/IRA), it will be tight. It doesn't leave much money for vacation travel, you would be doing staycations. If you have a student loan, it would be even more difficult. If you plan on getting certifications or starting a small business, it will be even tougher to gather the savings.
What if they had no family to support, no college debt and budgeted, also what if the employeer offered these benefits too.
10-25 days vacation, 15 days sick leave, 10 paid Holidays, and 7 personal leave days annually generous health insurance, vision care, dental plan, prescription plan all with employer contribution, *healthcare and retirement benefits such as the 457 Deferred Compensation Plan and the 401(k) Savings and Investment Plan and a pension system, and life and accidental death insurance plan.work is performed in a office setting, and works 40 hrs or less per week
In term of paying the bills, its certain higher than the national average. But realistically will also depend on location as others have indicated. 50K in San Fran is different than 50K in Mobile, Alabama.
However, real life isn't always so cut and dry. A 50K job may be great if you've been unemployed for 2 years and your savings are just about empty. It may be decent if you are just starting your career and the job has a huge potential in terms of upward mobility and skills development. 50K might not be so great if you are mid-sr. level professional in a large metro area.... and there are many more factors.
You could make that work anywhere. Yes, there are people in NYC and SF that make far less than that and they survive. Obviously the lower the cost of living the more comfortable you would be.
What if they had no family to support, no college debt and budgeted, also what if the employeer offered these benefits too.
10-25 days vacation, 15 days sick leave, 10 paid Holidays, and 7 personal leave days annually generous health insurance, vision care, dental plan, prescription plan all with employer contribution, *healthcare and retirement benefits such as the 457 Deferred Compensation Plan and the 401(k) Savings and Investment Plan and a pension system, and life and accidental death insurance plan.work is performed in a office setting, and works 40 hrs or less per week
In most places, yes, without a doubt.
Now in NYC and San Francisco, you'll just be getting by.
I'm sure you already know the answer to that question.
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