Is $100k the new $65k? I used to think $100k was a lot, and $65k was like the bare minimum I’d want to be paid. But times have changed. What do you think?

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Time have changed! 3 years ago it was 2019 and now that 3 years have passed, it’s 2022 🫠

likefunnyhelpfuluplifting

Are you sure you’re just a payroll analyst? Why aren’t you C-Suite yet?

likefunny

$75K is the new $65K

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I feel 100k is the new 90k or maybe 85k. I think any job requiring a degree should be 60k minimum.

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If you account for the 8% your 100k a year ago now has the buying power of 92k. So your example is a bit dramatic. Even if we go back pre COVID than that 100k would have the buying power of 88k - 90k.

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We’ve seen steady inflation for pretty much all of recent memory, excepting 2007-08. The difference is that a) wages haven’t kept up, and b) the inflation of the last year or so is higher than planned (by a lot).

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Depends where you live but possibly in some places that is true

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I read an analysis a few days ago that $100k in 2007 is equivalent to $170k today.. so yes, $100k is the new 60k in my opinion… cost of living has outpaced salaries for employees (not management and executives - they were and are being compensated very nicely) for far too long

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I stand corrected

Firms have historically done a good job at keeping up with inflation.

Dad started at what is now PWC in 1978. LCOL city. Started at $13.3k. That’s equivalent to ~$60k now. We start our first year audit associates at $59k.

I’m guessing most companies will see a comp adjustment in the next year or two. It’s just drastic right now.

helpful

I’m in a Low cost of living city 🤡

Managers make $90k

I started out at $49k.

If 100k is the new $65k then I should be homeless rn 🤣

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I always heard 70k in my HCOL area was the amount needed to live comfortably but yeah 100k seems more reasonable now. The median income was around 80k last year.

Median HH income

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