Are high salaries becoming normal?

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10 Comments

In the US it seems like there's a lot of people who make 6-figure salaries who aren't doctors/lawyers/etc. I guess it's the tech industry but that's a lot of money... Meanwhile there's so many more people who don't make a livable wage. I feel like the gap is getting bigger.

Even a normal 1 bedroom apartment where I want to move to is almost $2k per month. I can't afford that on my modest (but not low) salary. It's like apartments are being priced only for the people who make 6-figures, or couples who both work.

Where are all these 6-figure salaries coming from? What jobs? All tech? I'm just curious - it seems like more and more people make a lot of money, maybe more than necessary? Not to sound jealous or anything -- I'm just saying that some salaries seem really overpaid while others seem really underpaid, and a modest middle is becoming obsolete.

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Based on 6 votes (3 yes)
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Comments ( 10 )
  • Anonnet
    10 months ago

    You already answered the question: couples who both work. Also, the "crisis" in "housing crisis". When making a 6-figure salary only gets you an APARTMENT, "6-figure" no longer means anything.

    People either cope with even-cheaper places, or simply never move out from their parents house unless they find a partner that's also working so they double their household income to make it doable.

    Or they skip apartments entirely and take out a mortgage for a small home, since the chance of getting absolutely screwed later is probably (I'm just assuming here) lower.

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    • Anonymous Post Author
      10 months ago

      I agree with you. What a shame that a 6-figure salary really gets you an overpriced apartment. This was a thought of mine -- why is a STUDIO apartment $1500-$2000? What working couple with good enough jobs to make 6-figs each WANTS to cram into a studio? Studios should be for single people.

      And I'm not sure who you know who gets a mortgage anymore. Every house I look at and talk about with a realtor is scooped up with straight-out cash. There is no chance for a house anymore unless you're blessed with cold hard cash. But that's a horrible investment.. you should never throw all your cash into something. But it's the 'trend' now so we're forced to compete if we want a house.

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      • RoyyRogers
        10 months ago

        Yeah they should but they are not.

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  • donteatstuffoffthesidewalk
    10 months ago

    no

    worthless money is becomin normal

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  • Holzman_67
    10 months ago

    I like the way you think and write

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  • DADNSCAL
    10 months ago

    Yes and it's at the expense of the hourly workers who don't get raises and get their insurance premiums hiked or their benefits cut.

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  • 1WeirdGuy
    10 months ago

    I make 6 figures and 2k for an apartment is really high even for my wage. I think when you start making 6 figures you expect life to change more than it does. You still barely save. If your apartment is 2k you arent gonna save much. I spend $400+ a week on groceries for my family without ever eating out. You arent gonna be able to have 2k apartment and nice car with car payment and buy nice clothes and have a boat or whatever. You'll probably struggle with 100k a year unless you get a cheaper apartment. Thats $24k a year in rent.

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    • Anonymous Post Author
      10 months ago

      So how do single people live in modest incomes then?

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      • PurpleHoneycomb
        10 months ago

        Roommates have become exceedingly common in the United States. Many people are forced to room with complete strangers.

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      • 1WeirdGuy
        10 months ago

        Most are paycheck to paycheck. Especially if they have a car payment.

        Think about it

        $24,000 rent (at 2k a month)

        $4,800 car payment (at 400 a month)

        $1,200 car insurance (120 a month)

        $9,600 food (at 200 a week)

        If you net $100,000 you are left with 60k without factoring in all your other bills like internet, phone, electricity, gas. Oh and study the tax code because when you add your income tax and that 60k leftover is actually 40k when including income taxes.

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