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Reply to "How does your family survive making under 200k hhi"
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[quote=Anonymous][quote=Anonymous]I grew up in this area in the 90s. Dad was a fed and mom stayed at home. Dad made about 150k. We had a 3200 SF house in fairfax woodson district. 2 cars paid cash and kids had college fully paid through masters. Dad has pension and 401k and full health benefits till death. So yes it sucks.[/quote] sorry, what fed was making $150k in the 90s? Most feds 20 years later aren't making anywhere near that much. At any rate, assuming that amount of money is correct, 150k in 1995 dollars is worth $230k in today's dollars. That still buys a large home in the Woodson district of Fairfax, and if you are a fed, you are still earning a pension and 401k and getting full health benefits in retirement. Today's federal retirement is much more 401k than outright pension, so that's one difference. The biggest difference though is that the cost of college has risen astronomically.[/quote]
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