What is considered a high income for millenials? (18-34)

[Anonymous]

Anonymous wrote:Both 23, HHI $100k. Very low for this board.

You definitely lack perspective.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Both 23, HHI $100k. Very low for this board.

You definitely lack perspective.

I said "for this board". Not for regular people.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I thought Millennials were people in their 20s? That people in their early 30s are Gen Y, late 30s/40s are Gen X?

I think millenials are those born 1983-2000, so the oldest are in their early 30s

1980-2000. I wish it was otherwise, so I could claw my way back into Gen X, as an '82. Of course, then I would be a poor Gen Xer instead of a not so poor Millenial. Either way, our HHI, while perfectly fine, feels inadequate compared to what our parents made and could afford, but that is probably just this area.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I thought Millennials were people in their 20s? That people in their early 30s are Gen Y, late 30s/40s are Gen X?

I think millenials are those born 1983-2000, so the oldest are in their early 30s

I thought it was people born between 1980-2001.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Both 23, HHI $100k. Very low for this board.

You definitely lack perspective.

I said "for this board". Not for regular people.

+1 PP with same HHI, and you're totally right.

[Anonymous]

Anonymous wrote:Under-earning because jobs that used to require bachelor's degrees now need a masters and a bunch of certificates. Wages have not increased with inflation, daycare is much more expensive, housing is more expensive, and there are incidentals like $200 a month cell phone plans the previous generation didn't have.

Exactly

[Anonymous]

Anonymous wrote:

Anonymous wrote:Under-earning because jobs that used to require bachelor's degrees now need a masters and a bunch of certificates. Wages have not increased with inflation, daycare is much more expensive, housing is more expensive, and there are incidentals like $200 a month cell phone plans the previous generation didn't have.

Exactly

The only thing that is true out of that statement is wages are stagnating. Daycare may be more expensive, but I wouldn't know because I don't have kids. Housing is only more expensive in that rents are up in many areas and its not as easy to get a mortage as it was in the era of easy credit. The whole "jobs that used to require bachelors now need a masters..." is complete garbage.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Both 23, HHI $100k. Very low for this board.

You definitely lack perspective.

I said "for this board". Not for regular people.

No, for regular people, too. Two 23 y/os making total $100k is pretty damn good, DCUM or "regular people."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Both 23, HHI $100k. Very low for this board.

You definitely lack perspective.

I said "for this board". Not for regular people.

No, for regular people, too. Two 23 y/os making total $100k is pretty damn good, DCUM or "regular people."

Even non-regular people like ones on this board, $100k HHI for 23 year olds is pretty darned good.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Under-earning because jobs that used to require bachelor's degrees now need a masters and a bunch of certificates. Wages have not increased with inflation, daycare is much more expensive, housing is more expensive, and there are incidentals like $200 a month cell phone plans the previous generation didn't have.

Exactly

The only thing that is true out of that statement is wages are stagnating. Daycare may be more expensive, but I wouldn't know because I don't have kids. Housing is only more expensive in that rents are up in many areas and its not as easy to get a mortage as it was in the era of easy credit. The whole "jobs that used to require bachelors now need a masters..." is complete garbage.

Wages are stagnating party because of the huge worker base growth. The number of civilian employees roughly doubled in the past 50 years, but the population did not. The boomers, increase of women entering the work force, immigration, and etc, have all resulted in significantly more workers competing for jobs. The US economic engine has been able to absorb this additional worker base while keeping unemployment at a healthy low level.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Both 23, HHI $100k. Very low for this board.

You definitely lack perspective.

I said "for this board". Not for regular people.

No, for regular people, too. Two 23 y/os making total $100k is pretty damn good, DCUM or "regular people."

yeah out in Mississippi or West Virginia

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Both 23, HHI $100k. Very low for this board.

You definitely lack perspective.

I said "for this board". Not for regular people.

No, for regular people, too. Two 23 y/os making total $100k is pretty damn good, DCUM or "regular people."

yeah out in Mississippi or West Virginia

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I thought Millennials were people in their 20s? That people in their early 30s are Gen Y, late 30s/40s are Gen X?

I think millenials are those born 1983-2000, so the oldest are in their early 30s

1980-2000. I wish it was otherwise, so I could claw my way back into Gen X, as an '82. Of course, then I would be a poor Gen Xer instead of a not so poor Millenial. Either way, our HHI, while perfectly fine, feels inadequate compared to what our parents made and could afford, but that is probably just this area.

Agree that millenials start later. I was born in 81, and have never fit into the millenial description. IMO, 80-82/83 is more Gen X

[Anonymous]

My DH makes $250-$300k, bonus depending. He is a lawyer, but not at a firm. He is 33.

I think for his age this is very very high.

[Anonymous]

Anonymous wrote:My DH makes $250-$300k, bonus depending. He is a lawyer, but not at a firm. He is 33.

I think for his age this is very very high.

Not bad.

Millenial 1% is 160k according to recent article.

Millenial starts at 1981/82.