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Reply to "Active Military Driving $80K+ cars?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Well we have a DoD budget of over $700 Billion a year so that explains a lot of it. [b]An O6 Captain(18 years service) in the Navy grosses $138k plus a housing allowance with great heath/dental benefits. And the 4 years at the Academy counts towards service. [/b]After 20 years of service they will get a pension and can get a job in the private sector. In The DC metro area you see the expensive cars driven by officer families. Not the case with enlisted personnel. You do your 20 years in the officer cadre and then move to the private sector. You never accrued educational debt so it is easier to spend on quality cars. Plus with a generous pension, they do not have to save/invest as ordinary citizens. I'm the son of a retired Navy Captain.[/quote] Are there really that many people that become an O6 after just 14 years of service, after being in the academy for 4 years? That's a 36 year old Captain! My Dh is a retired Marine officer, and most people we knew, after 14 years of actual service were a couple years into being an 04. My Dh retired 10 years ago, have things really changed that much?[/quote] An O4 w/20 would still get like 115k a year in pay, plus they will also get over 40k a year in Base Allocated Housing here. [/quote] So a person in their early 40s with a college degree that has worked for the same employer for 20 years is making $165/year in the DC area. Is that really considered high income?[/quote] It's more the equivalent of 200s in the private sector due to differences in taxation. That housing allowance is untaxed.[/quote] Ok. So in the private sector, would you say that someone with a degree and 20 years of experience with the same employer is well paid at $200k in the DC area? I see so many posters here that are "barely scraping by" on $300k+[/quote] Most officers have a working wife with a professional job on top of what they earn. My last employer had several officers' wives who worked there (We were a remote first company) that had earnings that were in the range of what you'd expect a GS 14 or GS 15 to make. [/quote] Are private sector employees not allowed to have a "working wife?"[/quote]
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