4 ms·
Inflation is a bitch, and the current status quo cost of living will be exponentially more in the future. What I thought was an unfathomable amount of money in
by jyu 4y ago
Inflation is a bitch, and the current status quo cost of living will be exponentially more in the future. What I thought was an unfathomable amount of money in the 90's ($100k / yr, and $1m net worth) is not good now in 2020's. Healthcare in the 90's was $500 / yr and is $1.5k / mo with $5k deductible. Property taxes, utilities, continue to increase. Basic child daycare is $2k / mo after tax.
$300k / yr is the new $100k / yr, and I'd hate to project what it'll be 20 years from now ($2m / yr?)
- nxm 4y agoYet tons of families make it work in the mid-west where the costs are not what you state them them to be.
- mancerayder 4y agoAnd are there an abundance of tech jobs there like there are in the HCOL areas? Remote work is shrinking, and while it'll be here to stay, there will be far fewer opportunities as companies rein it in. If we look at the housing market alone, it looks like there's a big crash in these 'low cost of living' cities people flocked to from SF and NYC as they move back.
- bbarn 4y agoSalary alone is an irrelevant number. 200K in some places won't let you have a nice apartment in a safe place, 100k in some places and you can live in a king with your own private kingdom.