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Eh, I would have agreed maybe a decade ago, but the past years have seriously eroded USD buying power[1]. For example, for that 100k in 2014 to be equivalent in
by A4ET8a8uTh0 3y ago
Eh, I would have agreed maybe a decade ago, but the past years have seriously eroded USD buying power[1]. For example, for that 100k in 2014 to be equivalent in 2024, you would need 133k or that your adjusted for inflation dollars are 76K ( and that is BLS ).
100k is the floor, because 100k used to actually mean real money. I no longer think it is. I earn more than that and I believe we are struggling. I don't know how other people manage.
[1]https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=100%2C000.00&year1=201401&year2=202403 https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=100%2C000.00&y...
- OJFord 3y ago> 100k is the floor, because 100k used to actually mean real money. I no longer think it is. I earn more than that and I believe we are struggling. I don't know how other people manage. I don't think that can be anything but 'lifestyle inflation'? Even if that's one income, supporting spouse and children.
- A4ET8a8uTh0 3y ago'Lifestyle inflation' is a fascinating phrase and I may need to borrow it for future discussions. I think I strongly disagree, but I am open to convincing. Would you be willing to elaborate?