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The shoe on the other foot

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#Inflation
$100k in the early 90s is $225k today. What do you think of $225k?
Yes $100k was a lot of money in the 90s. It is now 2025
Same - was thinking 12 years ago if I ever make 100k, I'll be set for life to be at that level and never need any more money...boy life is more expensive than I thought.
$100k in 1990 is equivalent to $250k in 2025… if you’re making that today you’re doing alright sans HCOL.
You just have to adjust your goal to the current moment as well. Find the inflation adjusted target and hit it.
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I peg it to the cost of housing. At $100k, what was the buying power for a comparable house in 1990s vs. today? I simply base the value on my parents home, and for me, their home has appreciated 5x at a minimum. There is no way that $500k salary is achievable for many people. Something has to give here.
As a manager I certainly didn’t grow up in the 1990s. Back in 2016 when I graduated high school. I thought $200K family income would be amazing. Maybe now it’s $300K — but I do think $10K/month net of taxes, insurance, retirement contributions, etc. is very very comfortable
I think it’s a lot more to do with what we consider necessities in our lives today. Uber Eats, luxury vacations every year, eating out 4-5 times a week, Amazon and other memberships, these never made the equation back then. People used to be a lot more content with what they had, and it was okay to be under spending to save for true necessities