I live in California. It’s a working class wage and will make it so i have a modesto pension, but my real money will come from my investments. I should have 4.5 million saved by retirement unless everything goes belly up.
I used to make 100k a yr in 2000, and i will tell you what i was middle class then. To have the same purchasing power i would need to make 350k a year. I’ve had to cut back a lot.
I would hate to be a new person entering this economy now, it would be even worse. The average mortgage for a median house here is 4.5k a month. After taxes and living expenses making my salary would be almost impossible to start a family as a single income household. I wouldn’t call that middle class. I would call that working poor.
Wait… sorry? In what world is 180k USD/year “working class”? I make the equivalent of like 70k/year before my nordic-country taxes take their share. That puts me decently well off here, at least above “working class” wage. I was in the US a couple years back, and prices were lower than they are here.
Like, at 70k/yr (before Nordic taxes), I felt like I was pretty well off in the US. Definitely not lower-end at least. How on earth does that translate to 180k/yr being “working class”?
I live in California. It’s a working class wage and will make it so i have a modesto pension, but my real money will come from my investments. I should have 4.5 million saved by retirement unless everything goes belly up.
I used to make 100k a yr in 2000, and i will tell you what i was middle class then. To have the same purchasing power i would need to make 350k a year. I’ve had to cut back a lot.
I would hate to be a new person entering this economy now, it would be even worse. The average mortgage for a median house here is 4.5k a month. After taxes and living expenses making my salary would be almost impossible to start a family as a single income household. I wouldn’t call that middle class. I would call that working poor.
Wait… sorry? In what world is 180k USD/year “working class”? I make the equivalent of like 70k/year before my nordic-country taxes take their share. That puts me decently well off here, at least above “working class” wage. I was in the US a couple years back, and prices were lower than they are here.
Like, at 70k/yr (before Nordic taxes), I felt like I was pretty well off in the US. Definitely not lower-end at least. How on earth does that translate to 180k/yr being “working class”?