3 ms·
I disagree. Your data doesnt make the grandparent's assertion false. Cost of living != per capita or median income. Factoring in sensible retirement, expensive
by lamename 1y ago
I disagree. Your data doesnt make the grandparent's assertion false. Cost of living != per capita or median income. Factoring in sensible retirement, expensive housing, inflation, etc, I think the $120k figure may not be perfect, but is close enough to reality.
- BlueTemplar 1y agoSince when "minimum wage" means "sensible retirement" ? More like it means ending up with government-provided bare minimum handouts to not have you starve (assuming you somehow manage to stay on minimum wage all your life).
- lamename 1y agoWe agree, minimum wage doesnt mean that. And in a large metro area, that's why $120k is closer to min wage than a good standard of lliving and building retirement.
- deleted 1y ago[deleted]
- tekla 1y agoAbsolutely absurd. I lived in NYC making well less than that for years and was perfectly comfortable. The "min wage" of HN seems to be "living better than 98% of everyone else"
- lamename 1y agoAdjusted for inflation? Without (crippling) debt accrual and adequate emergency fund, retirement, etc? Did you have children or childcare expenses? These all knock on that total compensation quickly these days, which is the main argument in this particular thread of replies.
- tekla 1y agoNo to kids, yes to everything else (except debt, did have lots of school loans)
- nyarlathotep_ 1y agoCorrect, I mean in the sense of "living a standard of life that my parents and friends parents (all of very, very modest means) had 20 years ago when I was a teenager." I mean a real wage associated with standards of living that one took for granted as "normal" when I was young.