How many of us make under 100K?

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[Post New]07/17/2012 13:04
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Anonymous
Live out in the far flung region of montgomery county. Mortgage is 2100, and with 2 kids. Very hard. House needs repairs.
Cost of summer camp is killing me. Credit card debt etc.
But we are alive and the area where we live is nice.
Commute is an hour, and I think that is ok
Make just under 90k
Not saving for retirement now. That will have to wait
[Post New]07/17/2012 13:14
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Anonymous
Anonymous wrote:My first ever "real" job paid $15k a year, but I make well over ten times that now. I don't seem to have any more money lying around now than I did then. I'm male, single, no kids or alimony to pay, so I don't really know what my excuse is.


Simple, the more you earn, the more you spend. When I first heard this saying, I poo poo'ed it. It wasn't until it happened to me that I realized how true it is.
[Post New]07/17/2012 13:16
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Anonymous
Roughly 50% according to demographics of the DC area.
[Post New]07/17/2012 13:30
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Anonymous
Anonymous wrote:
Anonymous wrote:To me, living pretty well means being able to save 40% of our income.


11:34 here. In the last three years, I ended my abusive marriage, got off welfare, more than doubled my salary and paid off substantial consumer debt, so my frame of reference is probably a little different than yours. DC and I are safe, healthy and our needs are met, with enough left over to spend a little on wants. We're living pretty well.


I'm very happy for u, PP. we all need to sit back and realize how fortunate we all are. We'd be more thankful instead of bitchy.
[Post New]07/17/2012 13:35
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Anonymous
Anonymous wrote:
Anonymous wrote:Did you all who make less than $100,000/year go to college? Or, perhaps I should ask, graduate from college?


seriously? You think college means an automatic six figure salary?

I have a BA from a top 25 university and a graduate degree. I never broke $50K after working FT for 10 years. I didn't chose a high paying field, even though I probably would have done fine in them. I chose the do-gooder life, not the path to the most money.


+1, although I did finally break $50k after 10 years. Then I had to leave that job to move abroad for DH's work. Then I come back to a rotten economy. *sigh* oh well. Money isn't everything. The experiences I have had have been priceless.
[Post New]07/17/2012 13:57
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Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Did you all who make less than $100,000/year go to college? Or, perhaps I should ask, graduate from college?


seriously? You think college means an automatic six figure salary?

I have a BA from a top 25 university and a graduate degree. I never broke $50K after working FT for 10 years. I didn't chose a high paying field, even though I probably would have done fine in them. I chose the do-gooder life, not the path to the most money.


+1, although I did finally break $50k after 10 years. Then I had to leave that job to move abroad for DH's work. Then I come back to a rotten economy. *sigh* oh well. Money isn't everything. The experiences I have had have been priceless.


FWIW, I would have broken $50K had I stayed through the next fiscal year (I was at $49Kish when I left). But even had I stayed and received raises and promotions, I think $70-80Kish would have been the highest I could have hoped for in that office in the career field I was aiming for.
[Post New]07/17/2012 17:19
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trollol
Member Offline
Anonymous wrote:
trollol wrote:My parents raised two kids on an income of just below 45k in Bellevue, Washington. We had a nice, 4 bedroom house in the 98005 zip code. It's completely possible to raise a family in a high cost-of-living city and still provide great childhood memories. Folks posting hyperbole like the inability to fathom a family existence under 150k HII are out of touch with reality. Realize that the majority of Americans survive, thrive, and raise very happy families with incomes well below the 100k mark.

If you're having problems staying happy above that six-figure line, you really should reconsider your spending habits.


Did they pay for college? Are they able to travel? Can they retire?


Both my sister and I graduated from the University of Washington on a mixture of loans and scholarships. I paid for grad school on the East Coast myself. My sister went to UW nursing on additional loans/scholarships.

They travel very rarely (once or twice a year) and both are able to retire, though both work (father in his 60s, mother in her late 50s) and will likely work for another decade.

I believe that parents are responsible for a children's college tuition if they force college on their kids. Otherwise, it should be up to the kids to figure out how to pay their way through school.
[Post New]05/09/2014 14:25
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Anonymous
Eww
[Post New]05/09/2014 14:46
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Anonymous
I make about $70K after 11 years at a nonprofit. I love my job, though. Husband is self-employed and his income varies from year to year - sometimes less than I earn, sometimes more. We are expecting baby #1 and would like to have another. Should be... interesting. Right now we live in my 1BR condo, which costs $1200/month between mortgage and condo fee.
[Post New]05/09/2014 17:02
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Anonymous
Single
About 56k
Rent
6k credit card debt for dumb reasons
Mid 20s
[Post New]05/09/2014 18:02
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Anonymous
We started to feel quite well off once we hit the 70 K mark. After that we have continued to feel that we are affluent.

[Post New]05/09/2014 18:40
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Anonymous
This is almost a two year old thread....
[Post New]05/09/2014 18:42
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Anonymous
Anonymous wrote:
Anonymous wrote:I honestly don't know how you live here on that. We make twice that and I feel like it's a constant struggle. Color me impressed!


See, these comments baffle me. You're living in a different universe to me if you feel like you're struggling on over 140K.

+1 We're at $106 and we live quite comfortably considering
[Post New]05/09/2014 18:45
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Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I'm a teacher- I will never make 100K.


Yes, but you get summers off and huge breaks throughout the year, not a bad deal really.


Plus teachers get amazing pensions. Actually a great deal.

Yes but would you lower your income to say around $50,000? How would you feel about that?
[Post New]05/09/2014 18:53
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Anonymous
Anonymous wrote:Did you all who make less than $100,000/year go to college? Or, perhaps I should ask, graduate from college?


Did you really think teachers make 100K? Or did you think they don't require degrees to teach?
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