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Reply to "150k/yr is bad now"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]…it isn’t short term inflation that gives you the impression $150k is bad. Also, it is still a freaking great salary in the grand scheme of things. Plenty to live on. Not sure where you’re coming from. [/quote] 150k now is 120k in 2016 dollars according to CPI, 20% decline but other costs have gone up 30-40% since then like cars, housing, food, then if you include higher interest rates for mortgages this can effectively be a 50-100% cost increase. So for certain things 150k is like 75k just several years ago.[/quote] I remember I made 80k in 2017 as a new grad and thinking if I could just save up 50k cash and get up to 100k/yr I could buy a townhome in this area for around 400k. Nowadays I wouldn't even think about it unless I made double that salary.[/quote]
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