• Furbag@lemmy.world
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    10 months ago

    I remember a time when someone making “six figures” was extremely wealthy. Now six figures just seems to be the baseline for even having a chance at tackling home ownership in suburban areas. 120k is probably ideal. I don’t likely need more than that and it should be enough to pay for a comfortable lifestyle.

    Getting there is the tricky part.

    • Thrashy@lemmy.world
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      10 months ago

      I make $115k per year, my wife makes another $20k or so, we have one kid, a tiny house in a slightly sketch part of our Midwestern city that I bought a decade ago when it was almost cheap, and both our cars are paid off… and we’re treading water financially. I don’t know how anybody my age is affording big houses and new cars, unless it’s just by snowballing debt at an alarming pace. I’m already underfunding my 401k just to maintain some liquidity.

        • EinfachUnersetzlich@lemm.ee
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          10 months ago

          I’m not trying to be funny. As a non-American am I supposed to assume that everyone is talking about US dollars? Why don’t people just specify units?

          • fruitycoder@sh.itjust.works
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            10 months ago

            It’s the world reserve currency, it’s a safe bet to assume it’s USD when people are talking money unless specified otherwise

      • Jojo@lemm.ee
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        10 months ago

        No, you’re confused. K is the currency, they only need 120 of them.