this post was submitted on 26 Jul 2023
392 points (99.0% liked)

World News

32072 readers
1445 users here now

News from around the world!

Rules:

founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Whatsit_Tooya 19 points 1 year ago

Yep. A couple years ago I crossed the 6 figure threshold, which is what I was always told growing up was “good money”. But when you factor in inflation + living in a HCOL area, it doesn’t go nearly that far. I’m mostly comfortable and able to save but that’s because I save/invest religiously and also don’t make large purchases. There is 0 chance I could afford a kid right now.

And I’m not trying to say I have it the worst, I recognize the privilege I do have making as much as I do/how much less financial stress I have compared to previously. But man, 6 figures was so hyped up as a kid and it just doesn’t have the purchasing power it used to.