$150k is twice what my parents made combined back in the 90s, and they lived a solid upper middle class life in an upscale suburb of a small city. Always had a nice TV and my dad and I both had PCs that we upgraded every year AND they saved up two years worth of college for me. Amazing how quickly things have changed. They bought their house for $180k and it’s now worth nearly $500k.
My career now is generally a higher valued one than theirs, but adjusting for inflation, my pay has always been lower than theirs at the same point in their careers. And that’s the story. Incomes may have doubled since the early-mid 90s, but everything else has tripled or quadrupled.
$150k is twice what my parents made combined back in the 90s, and they lived a solid upper middle class life in an upscale suburb of a small city. Always had a nice TV and my dad and I both had PCs that we upgraded every year AND they saved up two years worth of college for me. Amazing how quickly things have changed. They bought their house for $180k and it’s now worth nearly $500k.
My career now is generally a higher valued one than theirs, but adjusting for inflation, my pay has always been lower than theirs at the same point in their careers. And that’s the story. Incomes may have doubled since the early-mid 90s, but everything else has tripled or quadrupled.