Stop Pretending You’re Not Rich(nytimes.com)
nytimes.com
Stop Pretending You’re Not Rich
https://www.nytimes.com/2017/06/10/opinion/sunday/stop-pretending-youre-not-rich.html?mc=aud_dev&mcid=keywee&mccr=dommob&kwp_0=619707
7 comments
Extensive discussion within the past year: https://news.ycombinator.com/item?id=14536254
The problem here (which the author seems to have missed) is that due to inflation, a "six figure" income of 100K nowadays is barely equivalent to a 50K salary that your parents might have had back in 1990.
Don't believe me? Plug it into the calculator. https://www.measuringworth.com/uscompare/relativevalue.php
In 2016, the relative value of $50,000.00 from 1990 ranges from $83,400.00 to $156,000.00.
If your family makes a "six figure" income of 100K in 2018, you are still nowhere even close to being "rich" (compared to the top 1%).
Don't believe me? Plug it into the calculator. https://www.measuringworth.com/uscompare/relativevalue.php
In 2016, the relative value of $50,000.00 from 1990 ranges from $83,400.00 to $156,000.00.
If your family makes a "six figure" income of 100K in 2018, you are still nowhere even close to being "rich" (compared to the top 1%).
Money != Wealth
[deleted]
Breathtaking.
Ah. I thought the problems with this country stemmed from monopolists and the corrupt financial sector where individuals amass enough private wealth to send every kid in the country to college.
Good to know it's really the fault of nurse anesthesiologists, people with union jobs, and tech people in parts of the country that pay large wages.
Just kidding. And I know there is injustice in the way we professionals live in exclusive areas and become blind to the plight of the poor. But the way the Koch brothers reshape the entire republican party, or the way business interests dictate the agenda of the democrats COMPLETELY OVERSHADOWS our ability to afford a freaking house.
Good to know it's really the fault of nurse anesthesiologists, people with union jobs, and tech people in parts of the country that pay large wages.
Just kidding. And I know there is injustice in the way we professionals live in exclusive areas and become blind to the plight of the poor. But the way the Koch brothers reshape the entire republican party, or the way business interests dictate the agenda of the democrats COMPLETELY OVERSHADOWS our ability to afford a freaking house.
You forgot the Mercers. Btw go on Rebekah, run for president!