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Try supporting a family on $66k in or within reach of a major US city. You certainly can't afford to buy an apartment, let alone a house. Purchasing power is w
by lo_zamoyski 3y ago
Try supporting a family on $66k in or within reach of a major US city. You certainly can't afford to buy an apartment, let alone a house.
Purchasing power is what matters. Much less purchasing power today than people did in the 1950s (when a working class man could support a wife and children on his salary alone) and even boomers.
$66k certainly isn't poverty, even in a place like NYC or SF, but it is not rich.
- myaccountonhn 3y agoBut US is one of the richest country of the world. In a global context, where you have the ability to work from anywhere (I.E. can apply for digital nomad visa), then if you earn 66k year salary you are super rich.
- deadbabe 3y agoOk, but the trade off of that is that we are not super rich in benefits. Europeans may not earn much or get to be digital nomads easily, but at least they have good healthcare and social services. Isn’t that usually seen as a fair trade off?