Current Events > Did you gross at least $100k last year?

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MarcoRubio
01/03/23 4:56:48 PM
#51:


Easily

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random_man9119
01/03/23 4:57:52 PM
#52:


Nope... Not even half of that...

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darkprince45
01/03/23 4:58:21 PM
#53:


COVxy posted...
I mean, I think it's ridiculous if you don't think location is a form of luxary.

Yeah, renting a studio in lower manhattan is going to cost quite a bit, but it is quite literally a luxary to live in that area. But you can probably much more affordably live in Jersey and commute.

This whole conversation tends to just be muddied by a bunch of middle and upper middle class people who are salty they are not billionaires yet.
Thats also not true. Many people dont decide where they are born and also follow where the jobs in their field are. I moved because thats where I was hired at. And its the middle of the desert. Theres nowhere else to move too

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MedeaLysistrata
01/03/23 5:00:29 PM
#54:


COVxy posted...
This whole conversation tends to just be muddied by a bunch of middle and upper middle class people who are salty they are not billionaires yet.
Is this a metaphor or simile? Would you prefer and experiment or jolt of superiority?

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COVxy
01/03/23 5:01:11 PM
#55:


darkprince45 posted...
Thats also not true. Many people dont decide where they are born and also follow where the jobs in their field are. I moved because thats where I was hired at. And its the middle of the desert. Theres nowhere else to move too

Name me one city that doesn't have more affordable surrounding communities. If you can live someplace cheaper, and decide not to for convenience or preference, that's a luxary choice.

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Sariana21
01/03/23 5:02:04 PM
#56:


No, Im a teacher. But my husband makes over $300 (civilian job plus Navy Reserve). He used to make a lot more but went through a job loss. During the pandemic he was consulting and made over $500k. He should go back to consulting, tbh!

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Anony1125
01/03/23 5:03:13 PM
#57:


I am the virtuous poor and may freely cast aspersions upon those more financially privileged than me

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LtZim
01/03/23 5:05:39 PM
#58:


EndOfDiscOne posted...
If you feel poor at $100k, you're probably going to feel poor at $200k. I see it all the time. I think after your basic needs are met, people tend to have a natural state of financial well being. Lifestyle creep kicks in as your pay increases, and the ceiling is crazy high.

lifestyle creep does indeed suck, you get used to living in this financial envelope where pretty much anything within a certain price range you can just buy freely at any time without thinking about it. Then after a while all that starts to add up and you realize you are burning through a lot of cash on whim purchases.

but the real difficult one is saving up for big life shit like a house while also maxing out your retirement accounts because we all know Social Security is not gonna be there when we reach the 2065 retirement age of 73 1/2

so you can take your e.g. 100k salary and chop off $22k from the top for 401k, then another $6k for IRA, then another couple percent for insurances and shit, then taxes, pretty soon you are down to like $70k~ish before factoring in your $2000/month rent and $200/month food bills, then heaven forbid you wanna go out with friends a few times a month well thats gonna add up to a couple more bills.
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darkprince45
01/03/23 5:07:17 PM
#59:


COVxy posted...
Name me one city that doesn't have more affordable surrounding communities. If you can live someplace cheaper, and decide not to for convenience or preference, that's a luxary choice.
California as a state a whole. Las Vegas area as well. Unless you want to drive several hours to get to work. And surrounding areas of New York are cheaper but still pretty damn expensive

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emblem-man
01/03/23 5:08:36 PM
#60:


LtZim posted...
lifestyle creep does indeed suck, you get used to living in this financial envelope where pretty much anything within a certain price range you can just buy freely at any time without thinking about it. Then after a while all that starts to add up and you realize you are burning through a lot of cash on whim purchases.

but the real difficult one is saving up for big life shit like a house while also maxing out your retirement accounts because we all know Social Security is not gonna be there when we reach the 2065 retirement age of 73 1/2

so you can take your e.g. 100k salary and chop off $22k from the top for 401k, then another $6k for IRA, then another couple percent for insurances and shit, then taxes, pretty soon you are down to like $70k~ish before factoring in your $2000/month rent and $200/month food bills, then heaven forbid you wanna go out with friends a few times a month well thats gonna add up to a couple more bills.


I make over 100k but even I realize that being able to max out retirement accounts is a HUGE luxury.

Most people do not contribute that kind of money into retirement accounts,

I understand that for you, and for me and others making high salaries, retirement funding is money we never even see, so we don't view it as "spending " money, but it essentially is.

This is like those posts were someone is saying they live paycheck to paycheck while making 400k. But their budget includes incredibly high savings, retirement, brokerages, etc, as if those are bills

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#61
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LtZim
01/03/23 5:13:15 PM
#62:


COVxy posted...
I mean, I think it's ridiculous if you don't think location is a form of luxary.

Yeah, renting a studio in lower manhattan is going to cost quite a bit, but it is quite literally a luxary to live in that area. But you can probably much more affordably live in Jersey and commute.

This whole conversation tends to just be muddied by a bunch of middle and upper middle class people who are salty they are not billionaires yet.


LtZim posted...


median price on a new home is about $550,000 USD and still requires about $400/month per person transit costs to get back into the office


This is how much it costs to live in NJ and commute bro

idk how much time you spent in Jersey lately but its not cheaper than NYC.

I know that sounds counterintuitive but let me explain

they stopped building "budget" apartments any place close to a train (PATH or NJ Transit) to NYC a long time ago, now the only new buildings going up are luxury units starting at $2200 for a studio or $2700 for a 1 bedroom.

sure you can find stuff a little cheaper but its gonna end up being so far away from the train station that now you need to drive a car to the train station and pay to park ($10/day) before you can even get into the city. And driving in these areas SUCKS.

so overall its NOT cheaper to live in NJ and commute, however you do get a lot more for your money. But then you also need a car, which is gonna cost you ~$15k+++ up front plus ~$150/month car insurance + $200/month parking (no apartments anywhere near the train has free parking and there's no free street parking either in most places)

life is expensive af these days and if you want that high salary and you want to or need to be near the city you are f'ed no matter how you try to cut it. Before I got married I lived with roomies in the outskirts of NYC and was still paying like $1300 rent to live with randos but at least I did not need a car.
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Giant_Aspirin
01/03/23 5:13:29 PM
#63:


I did, but there was no suitable poll option for that, so I didn't vote.

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Payzmaykr
01/03/23 5:14:28 PM
#64:


BewmHedshot posted...
Making 100k in one year is far from being "wealthy"
Yeah, if you live in LA or something. If you are a single person without any dependents, a six figure salary is massive.
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LtZim
01/03/23 5:18:29 PM
#65:


emblem-man posted...
I make over 100k but even I realize that being able to max out retirement accounts is a HUGE luxury.

Most people do not contribute that kind of money into retirement accounts,

I understand that for you, and for me and others making high salaries, retirement funding is money we never even see, so we don't view it as "spending " money, but it essentially is.

This is like those posts were someone is saying they live paycheck to paycheck while making 400k. But their budget includes incredibly high savings, retirement, brokerages, etc, as if those are bills

sure but after watching my parents essentially go broke in retirement its pretty damned terrifying to NOT focus on maxing those accounts out

actually had to reduce my IRA and 401k contributions so I can focus on sending money back to my parents to help keep a roof over their heads at this point
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meestermj
01/03/23 5:23:47 PM
#66:


I don't even make50k gross.

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LtZim
01/03/23 5:24:33 PM
#67:


some context on how f'ed we all are right now;

my parents bought their first starter home for about $40,000 USD in the early 1980's, that same house is worth over $350,000 today

inflation alone would have put the value at closer to $140,000 today, so the extra $210,000 value is real estate market absurdity

comparing my wages today to the inflation-adjusted amount they were making in the 80's, its actually pretty similar, but the difference between their income:housing price ratio and mine is massively different
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yunalenne10
01/03/23 5:26:19 PM
#68:


Yeah, plus I'm pending approval from the CEO for raise.

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LtZim
01/03/23 5:37:54 PM
#69:


in case anyone was wondering

$79,165.89 in 2010 has the same purchasing power as $100000 in 2022.
$61,438.20 in 2000 has the same purchasing power as $100000 in 2022.
$45,711.98 in 1990 has the same purchasing power as $100000 in 2022.
$26,737.19 in 1980 has the same purchasing power as $100000 in 2022.

https://www.calculator.net/inflation-calculator.html

median annual income vs. inflation-adjusted incomes;
https://www.multpl.com/us-median-income/table/by-year
https://www.multpl.com/us-median-real-income/table/by-year

^^ this does not capture the fact that job growth, especially for young people, has been heavily concentrating in the cities where housing prices are the highest

comparing historical avg income vs home prices;
https://www.longtermtrends.net/home-price-median-annual-income-ratio/
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LtZim
01/03/23 5:46:29 PM
#70:


also worth mentioning re: this BS;

COVxy posted...
Name me one city that doesn't have more affordable surrounding communities. If you can live someplace cheaper, and decide not to for convenience or preference, that's a luxary choice.

at this point, I would consider the vast majority of "red states" to be simply unlivable. Especially after what we saw happen in the Supreme Court with the Roe v. Wade rulings. If you think this is trivial then maybe you have never gone through a health incident and needed timely access to such services. Thanks to politics pretty much half of the states in the USA are basically off-limits for any person who values their health and bodily autonomy. Its not a joke, this is the reality for millions of people right now.

also consider culture; or the fact that USA lacks any. If you value diversity, the vast majority of these "cheaper places" are barren whitewashed wastelands of nothingness. In a lot of places in the USA theres literally nothing there, and the demographics are so homogenous as to be unappealing.

Suburbs are gross. "Car life" and car commuting is a waste of time and life. Vast stretches of empty American farm and ag lands are mind numbing. No one wants to live in these places because they suck. Trying to fault people for holding on to any life they can get as close as possible to the few places in America worth living is pretty dumb.
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MedeaLysistrata
01/03/23 5:49:28 PM
#71:


There are benefits to being rich. There are no benefits to being poor. If classes must exist then you have to talk about striking an ethical balance.

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Cocytus
01/03/23 5:51:15 PM
#72:


No
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Will_VIIII
01/03/23 5:53:01 PM
#73:


No but the figure itself is a meaningless metric which doesn't take cost of living area into consideration

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COVxy
01/03/23 5:54:29 PM
#74:


The issue is that we're having two very different conversations, and you are talking past me, not to me.

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MacadamianNut3
01/03/23 5:56:52 PM
#75:


LtZim posted...
$45,711.98 in 1990 has the same purchasing power as $100000 in 2022.
Well damn this explains the house my parents got when we first moved to Georgia because they weren't making that much together

Oh yeah I can't max out my government equivalent IRA yet so I'm banking on pensions still existing in 30 years and I'll just off myself if not

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Will_VIIII
01/03/23 5:56:56 PM
#76:


Like I make 46k a year but that's considered a middle class income in my area

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#77
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LtZim
01/03/23 6:11:24 PM
#78:


[LFAQs-redacted-quote]

yes yet another reason owning a home in NJ is so f'ed up

cant wait to enjoy paying $16,000 per year (thats $1300/month) to the state government forever after buying my median priced $550,000 house

jk you dont pay $16k forever, the amount you pay goes up perpetually with rising property values
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MedeaLysistrata
01/03/23 6:12:36 PM
#79:


LtZim posted...
$550,000 house
That's mighty affordable, you sure where you live turns a profit?

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#80
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chrono625
01/03/23 7:31:55 PM
#81:


[LFAQs-redacted-quote]


real estate got crazier once people fled NYC. It caught up to those who moved out of state and commuted 30 minutes to work.

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Haejin
01/03/23 7:33:56 PM
#82:


Where I live $100,000 isn't a lot of money

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#83
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COVxy
01/03/23 7:39:28 PM
#84:


Nobody has a 30 minute commute into nyc if they are commuting.

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Pitlord_Special
01/03/23 7:55:18 PM
#85:


Not even close. Probably cleared just over 50k. I bought my home before the market craziness happened and refinanced to 3% interest rate so my mortgage is pretty low so I've been able to keep my head above water so far.

I've been working my current job for over a year now and my supervisor has recommended me to get promoted 3 levels. Between that and the bonkers inflation, hoping to convince the management to give me a hefty raise when they get around to my yearly review this month. Even if they go for my highball rate, I'd still only be around 70k/yr though.

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LtZim
01/03/23 8:02:03 PM
#86:


COVxy posted...
Nobody has a 30 minute commute into nyc if they are commuting.
I do because I pay a premium to live right next to the train station
its a 25min ride into manhattan
but still gotta transfer to another subway line the rest of the way

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COVxy
01/03/23 8:05:30 PM
#87:


LtZim posted...
I do because I pay a premium to live right next to the train station
its a 25min ride into manhattan
but still gotta transfer to another subway line the rest of the way

And that's a choice you've made, which costs money.

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samsungsalt
01/03/23 8:06:38 PM
#88:


ShadowMan033 posted...
Im not telling you that, nor am I telling you my birthdate, favorite vacation, or first pets name


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#89
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LtZim
01/03/23 8:16:09 PM
#90:


COVxy posted...
And that's a choice you've made, which costs money.

please enlighten me on what you think the alternative is?
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VideoboysaysCube
01/03/23 8:22:37 PM
#91:


Am I really to believe that 38% of the people here make more than $100k a year? I didn't know CE was part of high society. I feel underdressed right now.

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Anony1125
01/03/23 8:26:16 PM
#92:


VideoboysaysCube posted...
Am I really to believe that 38% of the people here make more than $100k a year? I didn't know CE was part of high society. I feel underdressed right now.
We need to do our part to bring the average down, my fellow dead-end jobbers.

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TheSuperSilver
01/03/23 8:29:32 PM
#93:


Yes.

I already make 6 figures but with my new job I'll do about $165k excluding bonuses and differential pay.

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crayola555
01/03/23 8:29:52 PM
#94:


VideoboysaysCube posted...
Am I really to believe that 38% of the people here make more than $100k a year? I didn't know CE was part of high society. I feel underdressed right now.

All the people who just shit post on ce 24/7 are definitely not making 100k

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NERDZofSTEEL
01/03/23 8:36:39 PM
#95:


I didn't even hit $30k :(( Working for walmart sucks, but they're paying for my B.S in Cybersecurity.

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uHasNeckHairXFD
01/03/23 9:04:23 PM
#96:


COVxy posted...
People on CE will make over 100k and still call themselves poor. Still pretend like social welfare programs should be lifting them up.

Lol.
Honestly considering the politics of most people here they're probably most living in big cities so 100k really probably is like the equivalent of me making like 40k where I am
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electricbugs2
01/03/23 9:07:59 PM
#97:


Of course I did I am yvng, rich and completely out of control!



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DarkBuster22904
01/03/23 9:08:18 PM
#98:


$153k

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dj1200
01/03/23 9:13:25 PM
#99:


fuck no

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uHasNeckHairXFD
01/03/23 9:14:07 PM
#100:


COVxy posted...
I mean, I think it's ridiculous if you don't think location is a form of luxary.

Yeah, renting a studio in lower manhattan is going to cost quite a bit, but it is quite literally a luxary to live in that area. But you can probably much more affordably live in Jersey and commute.

This whole conversation tends to just be muddied by a bunch of middle and upper middle class people who are salty they are not billionaires yet.
This is also a good point.

Most people here who think 100k isn't much probably find it way, way beneath them to live out in the sticks where cost of living is drastically cheaper
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