The game is rigged. 100k is still not enough, and that is crazy.

[charknicks]

"Mind you, only 10% or so of people make 100K or more in the US. What is everyone else doing? How is everyone else surviving? It just doesn't make sense. I am blessed to be in the position I am so I am able to save what I am able but what about 90% of the rest of society? So maybe someone who is smarter than me can explain to me how this all works. As of 2019 the US median income is fukking 32K."

I fear there is a bubble that is going to eventually burst.

Gotcha. I read that. And just so you know, this thread by you is a humble brag so lets not kid ourselves. However, you are entitled to pat yourself on the back for accomplishing what you have and being in the top 10% so congrads to you.

Now, to answer the question (if you really wanted an answer) is: Most people are surviving by not being able to save that money, but needing to use it to buy what is needed on a daily basis. For those making just 30k, 40k, hell even 50k (and depending on where you live), that money isnt going as far cause shyt cost alot to survive. More or less if you have kids, a spouse who doesn't make as much, other family you help out, etc., the ability to save just isnt there.

So, Im pretty sure the apartment/home you live in, car your drive (and the note), food that you eat contribute to asking this question 'how can they survive'. The people making 30k cant live, drive and eat the way that you do. You are speaking from a view of a lifestyle you are used to now, and are working hard so you dont go back. Nothing wrong with that at all. Overall, the people making 30k spend that on bare necessities and arent looking at the future/savings, cause they are too busy working/ worrying about today/tomorrow.

Now the real question is: are you posing this question to see what you can do about it and help, or just asking as you sit in a position of more priviledge?

 

[MR. SNIFLES]

I promise you this is not a brag thread but one to open the eyes of people pining for that six figure salary. It truly is not much at all to break 100K. I make well over 100K and it still takes me an incredible long time to amass any type of formidable capital, other than financing it. Which just should not be the case. If the crucial things in life, for example, a house (or any property, condo, etc.) and a car, require the vast majority of people to have the money loaned to them, something is very much wrong. I couldn't imagine doing it on half my salary let alone my current one.

I have it in a spreadsheet and track everything in and out. On a base level, after all expenses I am able to save $2000 a month. That's with maxing out my 401K. I also put $500 a month into the stock market. $2000 a month is $24000 a year. The average cost of a house last year was 280k. The average cost of a car is $40k. Sure you can buy the car used but who is going to buy the new car so that it becomes "used?" You're or someone else is forced to take a loan from a bank that you'll be paying on for YEARS and be plagued by interest.

Mind you, only 10% or so of people make 100K or more in the US. What is everyone else doing? How is everyone else surviving? It just doesn't make sense. I am blessed to be in the position I am so I am able to save what I am able but what about 90% of the rest of society? So maybe someone who is smarter than me can explain to me how this all works. As of 2019 the US median income is fukking 32K.

100K A YEAR IS AMAZING FOR MOST. AS LONG AS YOU DON'T LIVE IN NEW YORK OR CALI.

 

[The Realist Perspective]

Breh, your title literally says “100k is not enough”


If the point of the thread was supposed to be that the income of the bottom 60% of Americans was not enough you wouldn’t be getting these responses

Because it isn't.

I give up.

Abandoning thread. @YaThreadFloppedB! Put the flat top on it.

 

[chineebai]

100k was good like 20 years ago.

 

[BmoreGorilla]

100k was good like 20 years ago.

It’s still good. Of course it’s not what it used to be but if you make that much and still struggle you need to reevaluate some things

 

[BaldingSoHard]

In summary, the 100K salary doesn't provide the freedom most people think it does.

I disagree completely, especially if breh is investing like that.

With that level of saving and investing, he will be damn near a millionaire within 10 years. It's what I did.

Now, if he's expecting $100k for 1 year to change his life then sure, but that's not a problem of economics, it's a problem of expectations.

 

[RubioTheCruel]

100K A YEAR IS AMAZING FOR MOST. AS LONG AS YOU DON'T LIVE IN NEW YORK OR CALI.

Yeah. As stated, only around 13% of individual earners make 100K a year. As long as you don't live in a high COL area if you're making north of 100K you're not doing bad at all. If you're having issues, you have bad habits or are obsessed with buying shyt you don't need to impress people.

 

[☃ ೋ]

Negged

 

[chineebai]

It’s still good. Of course it’s not what it used to be but if you make that much and still struggle you need to reevaluate some things

I agree. In NYC, 100k doesnt have the same cachet as it once did and I feel like that was a while ago.

 

[Software]

OP we live in a credit aka debt based economy. It's what keeps people working for 40 years. If you want more you gotta make more. If your goal is to have multiple houses and fancy cars then you've gotta make more and finance it.

As your income level rises so to do the things you have access to and the level of living you can afford.
At 50k you might be able to afford a 3 bedroom house and a toyota camry
But at 100k you might be able to afford 5 or 6 bedroom and a Lexus GS
the expenses go up with the standard of living.
This is why most doctors who make 200k or more are also living check to check

The key is finding a good standard of living below your means that allows you personally to be happy. Or you can find a way to join the <1% and generate huge amounts of income each year and buy things outright.

Like another poster said wealth is accumulated generationally. If you come from a working class family and your great grandparents worked through the credit based system and passed down things all the way to you. This like My Hero Academia where one for all is the accumulation of strength from every person who had the quirk, same shyt. It's actually really fukked up if you think about these wealthy white families. Which again this is why black people deserve reparations in the millions.

 

[Losttribe]

If you werent living a good life before 100k you are going to STRUGGLE when you first get that salary because you're going to buy nicer shyt, higher payments, subscriptions, cars... and general fukkery little by little and you wont even notice you are doing it.

I've seen this.

I had my first 6 figure gig in my mid 20s and most folk were still struggling and NOT ACTUALLY LIVING.

Before 6 figures I had a great life of travel, fishing, hiking, fukking hoes. So when I made 6 figures I simply purchased houses cash. And only spent money on investments that pay off in the long run.



Only goofy nikkas cant survive w 6 figures and live good... especially if they have a partner also with a job.

 

[getmoney310cpt]

you are entitled to pat yourself on the back for accomplishing what you have and being in the top 10% so congrads to you.


Now the real question is: are you posing this question to see what you can do about it and help, or just asking as you sit in a position of more priviledge?

 

[BmoreGorilla]

I agree. In NYC, 100k doesnt have the same cachet as it once did and I feel like that was a while ago.

NYC doesn’t really reflect most of the rest of America tho. Outside of a handful of cities 100k goes a long way. In Baltimore I live in a decent middle class neighborhood where 3 bedroom houses are going for under 200k

 

[Losttribe]

Another thing (for you slow nikkas)
My younger cousin grosses 450k. Isnt as happy as some folk I know making 70k.
My younger sibling makes 180k. Uncles multimillionaires. One of my nikkas grosses around 5 to 600k.

So EVEN IF YOU DO pass the poor American mark (over 400k)....

If you're still the same retarded nikka (which is sounds like most of you are) you still wont have great quality of life. I was doing w 120k in my mid 20s what folk making 900 k were doing

 

[Peter Popoff]

Real wealth takes generations to build. All you can do is save money and provide a platform for your children so they can make moves.

Which is why we need reparations to ever be considered equal as black people. The leverage they have over us is on astronomical levels.

Their biggest fears is that we'll be able to out perform them not only in entertainment but on a political and economic level.