Yet I’m STILL considered poverty.
After my raise I hit roughly $24 per hour and I’m quickly realizing that’s actually decent money considering where I grew up. I’ve discussed salaries with friends and family recently, almost everyone earns less.
I know a couple guys who are department managers for huge companies and they both only make ~$22/hr. I was shocked when I learned this too because these dudes bust their ass to get paid so little.
My dad only makes $19/hr, however he works a ton of overtime so he probably nets more than me annually (my job doesn’t allow OT).
One of my friends is a 4th year Union apprentice and he only makes $23/hr but nets significantly less because of union dues and so forth.
Another one of my friends is a contractor and he only makes $18/hr, which is also insane to me.
The MAJORITY of people irl are struggling to get by. I can literally count on 1 hand the number of people who earn more than me per hour (ded fkin srs).
Keep in mind I’m 27 and most people mentioned here are 5-25 years older than me srs.
I don’t understand how everyone on the misc is earning at or near 6 figures. I truly don’t. Because when I go out into the real world, at least in my circle, poverty is the norm. My newfound entry to the absolute bottom tier of middle class is like a massive exception to the rule where I’m from.
Chit’s crazy.
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10-30-2023, 07:48 AM #1
I make more money than almost everyone I know (srs)
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10-30-2023, 07:52 AM #2
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10-30-2023, 07:53 AM #3
- Join Date: May 2006
- Location: Farmingville, New York, United States
- Age: 35
- Posts: 31,479
- Rep Power: 165789
You should be doing fairly OK making that living in upstate NY as a young single guy brah. I know rent is a lot more expensive now though, so making that wage upstate now definitely isn't as comfortable as it was years ago.
IIRC you're renting on your own, consider a roommate and that can cut your rent significantly and you can start saving a lot more srs.
Keep location in mind. I'm at 103k and my wife is 68k, but we live on Long Island so that six figure salary is lower-middle to middle class here.*Sit there and don't know what to do when people sing happy birthday to me crew*
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10-30-2023, 08:03 AM #4
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10-30-2023, 08:07 AM #5
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10-30-2023, 08:08 AM #6
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10-30-2023, 08:23 AM #7
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10-30-2023, 08:47 AM #8
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10-30-2023, 08:53 AM #9
- Join Date: Mar 2017
- Location: Ohio, United States
- Age: 38
- Posts: 8,843
- Rep Power: 157012
i really dont talk about how much i make with any family, only some friends or online with people who dont know me.
its one of those weird things where, if you make more than your parents or even brothers, there can begin to be some weird resentment or ego issues.
chit, i had family try to tell me 4yrs ago that $30/hr was "killer money." okay, it might be but i wouldnt even consider taking a job unless it was over $40/hr and even then it doesnt compare to being your own boss (still working on that).Bills crew / Bud Light crew / extra onion crew / M&P crew / lcp2 crew / ap3 crew / Trump crew / mcdonalds app crew / cat-owner crew / Tin Cup crew / self-checkout crew / country music crew / RIP snails crew
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10-30-2023, 08:56 AM #10
Sounds like it's a result of your circumstances based on your posts but it really depends on who you hang out with. When I started hanging out with a lot of professionals with degrees my perspective on income changed. I went from thinking no one made $100k to it seeming like everyone made that much. That said I still think $100k is a lot. Not enough to have 3 rolexes, but definitely enough to provide a great quality of life as a single man and obviously above average.
Inb4 $400k is the new $100kDo not think that what is hard for you to master is humanly impossible; and if it is humanly possible, consider it to be within your reach.
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10-30-2023, 08:59 AM #11
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10-30-2023, 09:01 AM #12
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10-30-2023, 09:02 AM #13
Have you considered that the misc may be full of liars? Most people don't really care about their jobs or didn't hustle in their 20s and are stuck. I'm older than you and currently make $52/hr but I wasn't much higher than you are at your age. There is a point you can make some large jumps in salary.
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10-30-2023, 09:03 AM #14
- Join Date: Jan 2014
- Location: United Kingdom (Great Britain)
- Posts: 7,771
- Rep Power: 160691
I'm happy you're doing well, but if you have a career, i don't think $24 an hour is much at all, which is probably why you're considered poor. If you work 40 hours a week, 52 weeks a year, that works out as $49920 a year. I am salaried, and don't earn by the hour, hence why i've converted it to yearly figures so i can compare. But yeah, 24 an hour doesn't seem much, especially after taxes.
I don't know what the cost of living is in US, but i'd struggle to survive on that a year here in the UK, about an hour outside London. But my mortgage is around $1300 a month, to give you an idea of the housing costs where i live for a comparison. (it's not as cheap as the north, but it's not exactly a ridiculously expensive area either). You have to also consider that in the UK, i also get 6 weeks paid holiday, as well as all bank holidays (9 in total), and if i call in sick i also still get paid (without using my holiday like US).
But im mirin an honest post, the impression i have of USA thanks to the misc is that literally everyone is on 150k lolLast edited by TappingTheZen; 10-30-2023 at 09:12 AM.
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10-30-2023, 09:03 AM #15
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10-30-2023, 09:03 AM #16
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10-30-2023, 09:05 AM #17
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10-30-2023, 09:09 AM #18
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10-30-2023, 09:09 AM #19
OP, I don't know you personally, but I'd wager you're one of those people that believe in "an honest day's work"... that's a poor man's mentality. That's not how you advance yourself in life.
The good news is that at 27 you're still young and can change your mindset.
STOP looking for ways to work harder to impress your superiors and hoping for a raise. START working less hard and look for opportunities within your organization or field to transition to a career path with growth potential.Everything I post is satire.
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10-30-2023, 09:12 AM #20
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10-30-2023, 09:25 AM #21
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10-30-2023, 09:27 AM #22
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10-30-2023, 09:29 AM #23
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10-30-2023, 09:38 AM #24
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10-30-2023, 09:40 AM #25
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10-30-2023, 09:41 AM #26
- Join Date: Oct 2008
- Location: Falls Church, Virginia, United States
- Posts: 35,105
- Rep Power: 260541
I'm one of the poorest in my professional circle. As far as family, I am probably the second highest earning from my whole extended family.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
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10-30-2023, 09:41 AM #27
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10-30-2023, 09:42 AM #28
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10-30-2023, 09:50 AM #29
$24/hr ($50k/yr) is pretty decent at age 27 IMO. It's about what I'd expect if you're entry level in the private industry, or have a little bit of tenure at a public gig. It just kinda feels worse now because of inflation / CoL increases despite average wages staying relatively close to the same.
It's not about how much you make. It's about how much you save, and what you can do with that excess amount. If you're affording your CoL and destroying your debts (or are even debt free), then you're making it IMO.
20's is about finding out what you want to do with the rest of your life, making efforts to make that happen and enter the career (or even swap careers), paying off debts, and setting your 30s and beyond up for success.
I'm 28 and make more than 95% of people I personally know. Granted, in my industry / college major, some people make more that I'm aware of and they account for the 5%. Exclude them and I'd change that number to 99%.i7-14700k
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4080 SUPER Founder's Edition
2x16GB 6000mhz DDR5 CL30
2TB Samsung 990 Pro
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MSI PRO Z790-A WIFI
Everything I write is NOT financial advice.
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10-30-2023, 09:52 AM #30
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