Reply to Why a 300-400k salary doesn't feel rich

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[quote=Anonymous]I am sympathetic to OP. I also really don't care about the people shrieking at me to get some perspective. Cost of living has gone up greatly in the last five years, irregardless of whatever dueling armchair economists want to pretend. A 200k salary was impressive in 2015. Today it's still a nice salary but doesn't buy you what it did back then. I make a salary that back in 2015 I would have thought would mean I'd finally achieved success! But in reality it just means a comfortable life and some savings but not living lavishly by any measure. Housing is much more expensive and has outpaced inflation/wage gains, as has education. Housing and education are the two main budget expenditures for the professional classes.

Regarding the comparison to 50 years ago, both housing and education were much cheaper, even when adjusting for inflation. It now takes a dual income household to provide for the same quality of life that a single earner could with a homemaker wife. [/quote]

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