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Reply to "Started my PHD and parents think I’m making a mistake "
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[quote=Anonymous][quote=Anonymous]To the person complaining about making a $100,000 salary...your bubble is showing. In 2017, that would have meant you made more than 88% of US households. AND in all likelihood, that figure does not include a spouse's contribution to your household income. You choose to live here, where it is expensive. But you should not let that distort your view of what constitutes a decent salary. Consider living in the college town of Ann Arbor, where the median house price is $364,000 vs Bethesda, where it is $868,000. [/quote] 1. I don't make a $100k salary. I support my family on $68k and do not own a home, my bubble is fairly average income-wise. My point is that other graduate degrees do not have $100k earning ceilings. If you do want to have more options in more expensive places like this, which ARE above average in cost of living, that's worth thinking about in a more detailed and systematic way then "that sounds like a lot of money." $50k sounded like a lot when i was a grad student making $20k, but i wasn't worried about saving for retirement, long term rent increases, I had free health insurance, etc. 2. If my government agency wants to move to Ann Arbor I'd be thrilled. But when you have a PhD in a narrow field, you can't find a job in any city you want like a nurse or accountant, even if you leave academia. I DO have to live here, because that's where i got the best job offer. This is the reality of being specialized.[/quote]
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