$89K + 10% yearly bonus (in theory). I’m at the high end of median household income for the southern portion of my state. This is the most I’ve ever made in my life. 5 years ago I would have thought I was rich. I just bought a house (my first) in the northern county, where the median household income is 57% of mine. The poverty here is appalling. Tomorrow or Tuesday I am knocking out half of the 30K in credit card debt that has been dragging me down. I will finally have enough to be comfortable, not have to penny pinch, buy some appliances, maybe some splurges, and maybe even save a bit. The thought of ever losing my job paralyzes me with terror.
I went grocery shopping a few weeks ago and went a little nuts because I hadn’t gone in a while (penny pinching). The cashier asked me if I was having a party. I said, “No, I just haven’t been shopping in a while, and I eat too many chips.”
My wife and I combined will make about $220k USD this year. We will spend about $120k and save about $80k and pay about $20k in taxes. We have 2 kids in elementary school.
We don’t have to worry about money, and that does make me feel wealthy. I am self employed and I work about 25 hours a week, and that makes for a pretty chill life.
That said, no I’m not wealthy by any standard aside from quality-of-life. We have two cars but they are 10 and 13 years old. We have a nice house in a nice area and we are lucky for that, but it is 60 years old, has a fuse box instead of circuit breakers, and is deteriorating faster than I can motivate myself to fix it.
On paper I make around 70k, but with overtime and bonuses and field work it’s more like 85k. This is the most I’ve ever made in my life.
I split my bills three ways with my fiance and a roommate. We live in a LCOL city and I bought a big old 1800 sq ft home during covid. Our mortgage is $860, so with utilities each of our expenses out the door is like ~400 per person. I have no debt other than the mortgage.
I’ve been banking cash to slowly renovate the house myself. Life is good.
I make nothing and live on welfare.
I feel globally wealthy, but domestically poor.
“Wealth” isn’t a matter of earned income. You can get “rich” off working, if you’re smart and frugal, but true wealth takes at least one generation. Hell, even Bill Gates started merely “rich”.
Anyway, my top pay was $82K American. Even after $1,400/mo. child support, I could basically do whatever I wanted, good enough, live a simple life. I should add, I have a Habitat for Humanity mortgage, small house, big yard, no interest or taxes, $575/mo. My truck was paid in cash, 2004 F150, beat to hell, runs great, Millennium Falcon of trucks.
Unemployed now, but working Lowe’s got me <$30K. After child support took half, and my body was breaking into pieces with no insurance, had to quit. (They call Outside Lawn and Garden in the spring “100 days of hell”.) I was bringing home ~$500 bi-weekly. I can pick free crap off the road and sell if for more than that.
I have no idea, but I’m better off that a lot of Americans. That knowledge makes me very sad— i don’t even make that much.
I can afford a one bedroom studio apartment on my own AND afford groceries. That is where I am at. That is better than most.
Fuuuuck…
60k/yr
I’m the income in my household
I feel poor as shit, we live frugally but still barely get by
Savings are not possible
Around $60k and I live in a very expensive city. I live paycheck-to-paycheck, but I’m also a trust funder, so I chose this career knowing I didn’t have to worry about retirement. Very different situation from most. I don’t feel rich, but I certainly don’t feel poor. I feel comfortable knowing I can afford whatever I need and I don’t want much more than that. I have to mind my spending a little bit but if I ever want to splurge, I can.
Right where they want me. Treading water at way less than I’m worth.
Its weird to me that while I make twice as much as I did before college I feel not that much wealthier, since I now have to pay more for insurance, student loans, rent hikes to live in a hcol area, more is drawn out in my 401k, and I’ve spent five figures in medical expenses in that timeframe.
It is easy to spend in a way to feel poor at every level I guess, at least below the millionaire tier. I am not poor but I check my bank account constantly anyway and I have lots of big purchase anxiety.
Poor. And knowing wealth charts, I’ll feel poor until I can have a helipad on my boat instead of having an icky support yacht following behind the main one.
if I was rich I would just parajump onto my yachts dressed like captain America or some shit. Live for the moment, fuck pussy helicopter landing pads.
Exact number is between 3100-3200 EUR/mo after tax. My current salary is fixed by the government and is under a preferential tax treatment (no income tax first 3 years, only social security)
Number might seem low… but in comparison, the country’s median salary is like 2500-2600/mo, 2800+/mo where I live. I also don’t spend a lot (I literally don’t know how to spend more than half of my monthly salary at the moment) so I feel like a king here lmao
The literal same job title I had in Chicago was $61,008/yr exact before tax in Chicago and I definitely felt poor. Enough to survive, but poor
Enough to be able to save 25% of my income and not be in want. I’m wealthy enough.
I started my career as making 12.50 an hour and felt poor. Now I run a 1 person business and my income fluctuate from 170k to 550k and I don’t feel rich. Actually, sometimes I feel as poor as I did at 12.50.
Once you start making money, you end up spending more money.
My net income is about 30k€ a year. I took quite a pay cut going self-employed few years back so I’m barely making ends meet right now but I’m also working less and I’m much more satisfied with what I do. It’s likely that my job prospects will only improve from here so I’ll probably be doing better in few years.
I don’t really consider myself wealthy nor poor. My income isn’t that high but I have decent amount of savings and investments so I don’t really need to stress about finances. I do, but I don’t need to.