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Joined 2 years ago
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Cake day: July 2nd, 2023

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  • The inflation piece is confusing to me to, but I think it does talk about investment. It says retirement is 1.6 million based on expected annual withdraw rate. So I’m guessing that is not the contribution amount but final amount including return on investment. So does that 4.4 million number actually somehow translate into a sub 4 million dollar contribution value? Same with college. If you start investing in college funds at child birth that have 18 years of growth, is that child cost the cost basis, or accrued value at time of spend? On the other hand the home cost includes mortgage interest, but the value of the house will hopefully exceed the cost you put into it.


  • I disagree. Workers in trades like electricians will make that much. I think entry level electricians make like 55k. So after 5 years in that work, you will likely be earning above median salary. But for professions like teachers in school districts that don’t pay well… It sucks. Not ideal, but not as dire as some might think. And when you throw in the number of people these days choosing not to have kids, that shaves 1 million dollars off the cost of the American Dream life (but hard to say how much of that decision is based on expected income vs lifestyle values).

    Tech workers I assume are making starting around 75k and getting into 100k fairly easily depending on geographic location. And depending on company and trajectory you could be getting into 200 to 300k territory in tech.



  • I think people underestimate lifetime earnings. Let’s assume 35 years of salary work to retire at 65 (it takes a while to get a career going an maybe a layoff and parental leave…) That would be about 125k a year. Make that a dual income family and that’s 2 people making 63k a year. It’s a bit hard to understand pre and post tax though because some of the calculations like retirement are pretax. And then factor in gains from investment…

    So isn’t this calculation saying a 2 family income making median salaries can live the dream? That’s not great for 50% of Americans and probably means a lesser proportion of Americans can attain the dream than before. But that number 4.4 million actually is not crazy high. In a more just work though, dual income families making above the lowest 25 to 30% salaries should be able to afford the American Dream with some caveats around used cars instead of new, and maybe more frugal wedding and college expense due to financial aid and what not.

















  • I kind of have similar vibes. I joined a company months after acquisition with a long 2 year migration to joining the mothership standards. During that time beers were opened at 4pm on Thursdays for team knowledge share sessions that carried over into happy hours that had a company tab for the first round. In this environment ive made lifelong friends, served as groomsmen and pallbearers for colleagues that I befriended, but also accelerated my career by making professional relationships with folks beyond the sphere of my immediate work duty relationships.I do think there was a “terroir” of conditions that made it work. I don’t think it can easily be replicated. But it kind of bums me out that the current work culture described in the post basically blocks this from ever happening again. I don’t think I’ll be able to informally provide the mentorship and guidance that I so greatly benefited from when I was young and new to the now new generation, or cultivate friendships like I used to.