4 ms·

Inflation changed the meaning of a $100K salary

12 points by hhs 4y ago

toastal 4y ago
> Checking if the site connection is secure > Enable JavaScript and cookies to continue > www.axios.com needs to review the security of your connection before proceeding. No, you don't need to review the "security" of my connection. I'm at home with my OpenWrt router. I don't trust JavaScript execution by default because of security. It's a real shame folks think they can do this with users' browsers.
- Kye 4y ago
  This is usually from a CDN trying to prevent a DDoS.
- SilasX 4y ago
  We need Morpheus to step in and say, “what if I told you … JavaScript was the source of insecurity?”
bern4444 4y ago
It's not just monetary inflation that has decimated the buying power of everyone who has graduated in the last 10 years. Housing and rents are sky high as ever Student debt is a massive additional burden Healthcare costs have ballooned Education also has shot up far and above more than the general monetary inflation rate. There are lots of other forms of pressure beyond general inflation caused by the excessive printing of money including what I listed above. Recent grads up to early thirty year olds today have a significantly smaller share of wealth compared to the same age group in previous generations. At least now with rising interest rates there are other alternatives for investments beyond the stock market. Treasury bills are all paying 4+%. Even high yield savings accounts like Marcus are paying 3+%. Risk free. I'm glad to see the FED pumping them higher. Please don't stop any time soon!
jdmoreira 4y ago
(Some) Americans do earn a ridiculous amount of money. I'm at the highest percentiles of income in Sweden and these values seem insane to me.
- teg4n_ 4y ago
  and yet your quality of life is most likely higher!
malinens 4y ago
Inflation is good for some people if they are heavily indebted. Amount to pay back stays the same but wages grow
lizardactivist 4y ago
The Euro and US Dollar exchange rates are about equal, but I think today €50k in Europe gives you greater financial security and higher quality of life than $100k in the US.

12 points by hhs 4y ago

> Checking if the site connection is secure > Enable JavaScript and cookies to continue > www.axios.com needs to review the security of your connection before proceeding. No, you don't need to review the "security" of my connection. I'm at home with my OpenWrt router. I don't trust JavaScript execution by default because of security. It's a real shame folks think they can do this with users' browsers.

Kye 4y ago
This is usually from a CDN trying to prevent a DDoS.
SilasX 4y ago
We need Morpheus to step in and say, “what if I told you … JavaScript was the source of insecurity?”

bern4444 4y ago

It's not just monetary inflation that has decimated the buying power of everyone who has graduated in the last 10 years. Housing and rents are sky high as ever Student debt is a massive additional burden Healthcare costs have ballooned Education also has shot up far and above more than the general monetary inflation rate. There are lots of other forms of pressure beyond general inflation caused by the excessive printing of money including what I listed above. Recent grads up to early thirty year olds today have a significantly smaller share of wealth compared to the same age group in previous generations. At least now with rising interest rates there are other alternatives for investments beyond the stock market. Treasury bills are all paying 4+%. Even high yield savings accounts like Marcus are paying 3+%. Risk free. I'm glad to see the FED pumping them higher. Please don't stop any time soon!

jdmoreira 4y ago

(Some) Americans do earn a ridiculous amount of money. I'm at the highest percentiles of income in Sweden and these values seem insane to me.

teg4n_ 4y ago
and yet your quality of life is most likely higher!

malinens 4y ago

Inflation is good for some people if they are heavily indebted. Amount to pay back stays the same but wages grow

lizardactivist 4y ago

The Euro and US Dollar exchange rates are about equal, but I think today €50k in Europe gives you greater financial security and higher quality of life than $100k in the US.