Hygro
soundcloud.com/hygro/
Few people are struggling at $100,000 a year. Those who are are dealing with problems, have dependents, or have dependencies.
What if your choice of occupations has limited choices of where to work for good pay? And that you have to start in a very high cost area at a pay which is difficult to live on in that location in order to make really high pay and be well off later in your career?Well in such case I suggest you find work somewhere else.
I'm maybe paid like what in USA would be around $90k, like top 25% salary and I've no idea how people making that amount or more should struggle
I think a lot of people don’t know what struggling is.
Time to turn off 401k contributions....Now assume alimony and child support...
Hm, well some jobs pay far more ridiculous amounts. Eg some euro mps get 20.000 euros (roughly 20.000 dollars) each month. And they still steal/get bribed![]()
Maybe. But one would expect that the 100K/year person can always rent/pay mortgage somewhere cheaper. And those mps are struggling to buy million-dollar yachts that they feel they deserve.Being greedy =/= struggling
Didn't realise that was the case in US. It isn't here. A fixed rate mortgage here is fixed only for 2-5 years. A lot of people have variable or tracker mortgages as well.Mortgages are usually fixed rate over the life of the loan. If interest rates go up it'll affect revolving credit like credit cards, but installment loans keep the same P&I payment.
If you look through the list you can find apartments under $2000 per month, so even in NYC you can find very affordable appartments.We do have places in the US where 100k isn't a lot of money. I did a quick search for NYC apartments:
Can you actually find any major profession that is in such situation with high pay but very location limited?What if your choice of occupations has limited choices of where to work for good pay? And that you have to start in a very high cost area at a pay which is difficult to live on in that location in order to make really high pay and be well off later in your career?
I'm not talking about household income but labor compensation/salary. People who make $100k if they live with somebody probably going to live with making around the same salary so $200k household with 2 people each making $100k.$90,000 HH income puts one in the 60th percentile not the 75th in the US.
I seriously can't fathom how someone could struggle on 100k/year. Seriously. People like me are expected to live for FIVE years on that, and even then there are people who think we should all be rounded up, out of the way of "normal people" so they can get on with their lives.