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But what are you willing to trade for it? Keep in mind that I'm not talking about people who are just above making ends meet; I'm talking about people who are a
by st3v3r 11y ago
But what are you willing to trade for it? Keep in mind that I'm not talking about people who are just above making ends meet; I'm talking about people who are already making 6 figures. I would imagine that most of us, the additional money, unless it is a very significant sum, like a 30% raise, would rather not have the additional stress and the additional responsibilities, and instead be able to use that time and energy on things that we want to do, like hobbies or being with family.
- existencebox 11y agoI am rather well paid. I push very hard in my job, to try and aim for monetary promotions. I live in such a high cost of living area, however, that even on my salary it is difficult to afford a house. and start a family, ESPECIALLY competing with double income households. This leaves me with three options. Rent forever, at increasing rates. (not a feasible option). Buy a house now, ride the constant increasing prices like everyone already in the market, be glad I'm not a buyer any more. (trying, but very hard to compete when 10% above listing is common.) Save up and move the hell out. In any of these situations, a 5%, hell, a 1% raise compounded over a decade, makes a _meaningful_ difference in how long you'd be able to sustain living in a better cost of living area (e.g. if I moved out into the country somewhere), if not also on how much I can put out as a down-payment or as a lifeline to keeping up with increasing rent. Perhaps it's a sign of what would have in the past been comfortably middle class being more and more stretched, but every little bit counts; it's an oddly similar feeling to when I used to be far less well off a few decades back.
- deleted 11y ago[deleted]