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Millennials are exhausted by working more for less.
(www.theguardian.com)
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this post was submitted on 06 Apr 2024
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More like - EVERYONE is.
Everyone who isn't well-off that is.
Which is practically everyone.
I don't know about you but I'm in the top 49%. Just a couple more loot boxes and pay-to-win character enhancements and I'm probably gonna crack top 45%!
...and increasing, as regulatory capture (especially failure to enforce anti-trust law) allows big corporations to continue hollowing out the middle class.
And, the definition of well-off is a moving target. $150k a year now is the equivalent of $80k ish a year in 2000. That was a middle-class income then, but $100k+ now is seen as well-off by a lot of people.
It's more well-off than many, but it isn't what well-off used to mean. Outside of the super rich, everyone now gets fucked in their own way.
80k a year is like double what I make, how is that low?
The point is the change in buying power. $80k per year now is equivalent to $45k per year in 2000.
To make what would have been $80k per year in 2000, you would need to make $150k per year now.
But in 2000, it is also very likely you could have bought a house on that salary of $80k per year. The equivalent $150k per year now may not even do that, depending on your state. In some sense, to be "well-off" (which is poorly defined, but let's say: enough to comfortably afford a home) is likely more around $200k per year now. The baseline has changed, so even though $100k may sound like a lot, it isn't what "six figures" used to mean in the context of salary. It is the equivalent baseline of about $50k per year in 2000.