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this post was submitted on 16 Sep 2023
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Chapotraphouse
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it is where i am, they are in the top 1% of earners
That's because where you live probably has a certain type of wealth breakdown, especially if it's small town America (making assumptions sorry)
But if the breakdown is like this, there's a thousand people in town. 999 make exactly the median American salary, 54k a year, and 1 guy owns a used car dealership and a liquor store. This guy makes a million a year.
So now you're 120k a year is great, you're doing well above average and you are in the top 1% of your area but it's more of a reflection of how unbalanced the wealth is. In many parts of the USA you are not buying land with this much.
I live in the most expensive city in my country, its more just the average wage is 20k and the average rent is 1k+ a month, in these circumstances making 120k a year (especially when housing is about avg 80-150k) puts you at a massive advantage; by my metrics they are wealthy as they make 5-6x my salary.
Okay okay it's wealthy I take it back
It’s really not though lol 120K on either of the coasts is enough to be comfortable and get by, but it’s nowhere enough to be living like a king.
I dont live in the USA
Its a hyper annoying conversation to have online because everyone apparently lives off 5 dollars a day somewhere in eastern europe. Or, online spaces skew young so you're talking to an american teenager who has never thought about stuff like childcare, you know?