Are Americans getting poorer and poorer than their parent generations?

like
Posting as :
works at
You are currently posting as works at

In a short answer yes. This is what statistics say. I agree with A1 to an extent. There is more opportunities but I also feel this information is not always democratized

like

I do think the younger generation is feeling the pressure financially but data shows they have higher educational achievements and more income streams than previous gens. That's mainly due to the digital revolution and all the new ways you can make $$$. It's a challenge, but the opportunity is available for those who want to put in the work.

Yes. My parents were able to afford a house on a single income while raising three kids, which is more or less impossible in this day and age. I'm sure I'm making more than he ever did during his working career, but my dollars don't go nearly as far.

Seems to be that way

It seems to be the case that the standard of living is getting worse for a lot of people. One income used to support a family, now it's not uncommon for a single person to need to have an extra job just to afford rent. Things like income levels are deceptive, because of they're not always inflation adjusted. Someone today may make more on paper than their forebears, but they can afford much less.

Related Posts

Hello guys, need good docs/website to learn S4 HANA so that I do not get lost in the sea of material available online. Please suggest.

like

I had HR round long before and last Tuesday my HR sent me this link to feed my present employer data for Background Check.
When can I expect Offer letter mailed to me??

like

Hi all. Anyone here willing to refer me to Meta? I’m looking for DS roles. I’m currently at Amazon

Does ey file premium for h1b renewal? My h1b expires end of Sep this yr. Was planning to reach out to EY Law to kickstart process in May. Is that reasonable?

like

How common is it to have an investor in your company also be a customer? As a company should you bend backwards to accept a requirement that serves only the investor and no one else in your customer base?

Hi fishes got an opportunity with Epsilon for digital analytics. I have apprehension like everyone on moving out from Novartis.
Moving from Novartis due to location and not much learning here.
Any red flags on Epsilon ? , please let me know

Hello fishes

My probation period will be ended by 22nd Nov.
Do i need to update some feedback form.
Anything i need to be take care?

like

Does anyone have NY legal aid criminal.defense training materials??

In your experience, what is the best way to effectively and efficiently delegate work to junior attorneys? Or, if you are a junior attorney, what works well when you are on the receiving end?

likehelpful

My H1B extension was approved last week! Just want to throw out some positive vibes for everyone who’s still waiting on decision, and good luck!!!

like

Hello,

I got selected for S&P platts, can someone please give review about that?

like

Pepsico PepsiCo or S&P Global....
Please suggest.
Roles:- Product Analyst - PepsiCo. Product owner - S&P Global India

CTC is very similar

Idea for the group: What if we started a weekly challenge for each other? Goal would be to make one simple, small act of kindness/love each week and report back. Thoughts? Would love to see how we...

like

McKinsey & Company Hey McKinsey & Company folks, can anyone please help refer my profile?

Thanks in Advance!

like

How will be work life balance for Software Engineer in consumer and community banking
Profile for Salesforce Developers in jpmc?

like

Has anyone been through a situation that you were in a terrible relationship ( stress,anger, fights, swears, physical abuse, ego clashes) and how did you resolve it? Some might have worked on and stayed in the relationship and some might have broken up. I am looking for answers from both sides. How did you stay/work on it and how did you break up and move on? Me and my partner have strong feelings for eachother and are almost inseparable despite going through so much.

likehelpful

Today's dinner: Zucchini noodles in butter, garlic, lemon, and basil sauce with a side of chicken thigh.

Post Photo
like

Happy Diwali! What’s everyone making today?

Post Photo
like

What will be the work from home benefit’s in IQVIA?

Additional Posts in Salary & Compensation

like

I'm interested interviewing for a position that was advertised as DOE. I understand this means depending on experience, but is there a range I should ask for? If they ask my desired salary, do I tell them? I haven't interviewed for a position like this before.

like

Is making 10 times your initial salary in 25 years at the same company good progression? Started at 20k and making 210k.

like

Question: Are employers legally allowed to deduct pay from your paycheck without your knowledge or approval?

likehelpful

What should I do in a scenario where I was hired (12+ years) with far less salary than(~20% less) than other members (4+ experience) in team and asked to take 80% of team's responsibilities. The hiring manager low balled me sensing that I am in dire need of that job and now I am stuck for 2 years now. The company is a big shot but I am literally getting paid less than what I used to make 10 years ago. Should I try to move within or look outside?

like

Salary range for someone doing payroll, AR, and benefits administration with 12 years experience.

like

I recently found out I was “promoted” or giving a higher title, same pay. I was told HR was updating employees titles based on the work they do… Is that even a thing?? My mid yr review is coming, should I just ask for more money?

like

Anyone working as Patient Recruitment Assistant?

like

I’m a data warehouse consultant with about 5 years experience. What is reasonable compensation for this role in a city with mid-high cost of living?

like
like

My two year anniversary of starting my career (in general) is coming up in the next 3 weeks.

Aug 2020- 65k base salary
Jan 2022- 80k base salary
July/Aug 2022- 110k base salary


Just posting as a reminder to LEAVE that job (within a reasonable time 😂) and go where the money is!

(p.s. I already know some of you have had higher increases in the same amount of time & I consider 6 months minimum is “within a reasonable time”)

likehelpful

I asked for a raise in April 2022 after three years with my company. Positive feedback since day one. Learned I was making less than peers at other asset managers in NYC with less experience (14 years). Latest conversation was with HR about how they calculate salaries. I’ve been asked to provide examples how my role has changed since I started to justify the increase. Is this normal? Or is this just their way of denying my request?

like

Hi! I’m a Finance Manager whose looking to move to Austin, TX soon. What should I expect as a salary range with that same position?

like

How much is “market” comp for a 5th year, general civil lit, AmLaw 200 defense firm with usual benefits (health, dental, 401k match up to 6%). I’m LA based. TIA

like

What is the comp for AstraZeneca senior scientist level?

like

What would you say is the minimum amount of money that your household would have to make before considering to have two babies?

like

If anyone has insight on the compensation structure for the Managing Director/ Country CEO role I would appreciate insight on how package are structured and how best to determine the amount. Context is for a cloud tech consulting firm that is about 75M in revenue and 500 people and growing 10x on a 3 year intervals.

like

Recently got an offer for 80k at Morgan Stanley as a customer service associate. Can anyone provide some insight on where this offer lands (high low) in the entry level/csa marketplace? Located in a major city

like

What would be the pay at Deloitte for a Senior Manager, Real Estate Services Program Management position in the DC Metro?

20 YOE

Any concept for bonus structure? Deloitte

like

Midwest folks outside of Chicago!!! What is your industry, role, and salary?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal