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ResetEra: Which income bracket do you fall in?
- Thread starter Expy
- Start date
More than 250 with salary and investments. Turning 27 later this month. In the casino business and investing in insurance/warranty companies is lucrative.
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Exactly my reaction with the amount of money I get through monthly federal disability payments.
It's odd when people ask that sort of thing, to me.
Yeah, but there's bound to be teens/early 20yos comparing their salaries to people in their 30s-40s well into their careers. More of a statement that people probably shouldn't take the results of this poll personally than how "correct" the polling is :P
Yep. US salaries seem ridiculous in comparison, even for the same job. Doesn't help that everything is so damn expensive in Aus.
0 to 15,000 crew checking in.
Not much you can do when you're a college student working around 15 hours a week.
Not much you can do when you're a college student working around 15 hours a week.
Their mistake would be comparing themselves to anyone but their past self.
Don't measure your self worth against others!!!
this is how i framed it in that 100k a year is rich thread. If you can wake up tomorrow and say "fuck work" for however long you want, you're rich. If you wake up tomorrow and say fuck work i quit and then an hour later start freaking out, like holy shit how am i going to pay my mortgage, food, etc you aint rich.
Precisely my thoughts. Making 100k in Dallas is quite a bit different then 100k in Los Angeles.
Agreed. As long as you make sure your own trajectory is up (and some people don't care for that anyway), find your own happiness and stop comparing with the Joneses.
Thank goodness that's just for individual income, because I don't need angry ERA coming after me and my wife's combined salary.
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I tried to spread it out enough to include distant enough extremities, but dividing the parts equally wouldn't really represent the different 'classes' per se, i.e.: below-minimum-wage.
Again, it's not scientific at all, just wanted a sense of the distribution. Purchasing power is probably significantly different for most of these brackets.
Meh. My money hasn't changed me and I'm confident of who I am with or without it. I was homeless when I was 16 and dated guys just to have a bed, a roof, and hopefully breakfast. I argue that being in the position I was in 10 years ago helped me be the person that got me to excel in the service/casino business to where I am now.
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lol, it's not public, and I'm not checking the data aside from what you guys see. I'd probably not need to try to break into your house anyway since mine is probably bigger than yours :P.
I make good money, from nothing to where I am, not from a wealthy family. Married, and the wife makes her contribution as well.
if you don't mind me asking, what kind of work you do at the casino? Are you like a floor manager or work in the back of the house?
I'm curious as to what the people on around $150k+ do for a living. Over here in the UK in a lot of places that's an MD/CEO of a pretty decent sized company salary.
Yeah. I'm somewhere around the middle of those choices. I have a healthy 401(k), and should be in good shape to retire IF I can maintain the contributions, but I also started putting into it 13 years ago (I'm 39 now). At that time, I was making about $12/hour, but made sacrifices so I could contribute at least up to the company match. After enough years, you really start to see it grow.
On rental property: My wife and I bought a townhouse in 2007. The crash came, and the value absolutely tanked. After about 7 years, we couldn't take townhouse living anymore, so we moved out. Couldn't sell the place for anywhere near what we owed on it, so we rented it out for a few years, and the rental income was just enough to break even on the mortgage, taxes, etc. We were finally able to sell it last year.
Not every situation is the same.
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I would guess good programmer salaries, engineers, doctors, titled accountants, sales people or successful business people.
I feel cost of living adjustments are overstated to some extent. Is the morgage going to vary wildly in different areas? Sure. Outside of that, I don't think it matters much with the exception of California as a state.
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Individual income.
It's income!
I'm guessing most will be involved with computers, but I know we have lawyers, doctors etc here at ERA (At least they said so)
Likely doctors/lawyers/high end software developers. It's really not hard to make that much if you're in particular fields like that.
Also worth noting, people's take-homes in the higher brackets are generally a lot less. For example, I pay a little over 1/3 of my income in taxes, which is almost enough to knock me down two brackets.
In germany that would be quite a lot. Like legit rich rich. Probably top 1% rich.
It doesn't make sense to have two categories of rich and not rich. I think of it as four groups
Poverty
Managing
Well-off
Rich.
I feel like the cut-offs should be on your lifestyle and choices you have to make around financing.
Poverty would be people who must get by with always sacrificing something or multiple things deemed important/critical to a way of living. Spending for enjoyment is almost impossible. Also unable to do any or savings or very little. They are always worried about the financial situation they are in.
Managing would be people that can cover all of the necessities. Spending for enjoyment is fairly limited. Savings is limited. They are sometimes worried about their financial situation, but can usually work around issues.
Well-off would be people that can easily cover all necessities and spend for enjoyment and save to some degree. They still must work to maintain their lifestyle, but they never worry about their financial situation if they are worried.
Rich are people that don't have to work and have reached the point where they have enough money to live off the interest or other revenue that comes in without labor on their part. The fundamental difference is they are free to do whatever they want and whenever they want. The first three brackets have the worker-life in common at least.
Poverty
Managing
Well-off
Rich.
I feel like the cut-offs should be on your lifestyle and choices you have to make around financing.
Poverty would be people who must get by with always sacrificing something or multiple things deemed important/critical to a way of living. Spending for enjoyment is almost impossible. Also unable to do any or savings or very little. They are always worried about the financial situation they are in.
Managing would be people that can cover all of the necessities. Spending for enjoyment is fairly limited. Savings is limited. They are sometimes worried about their financial situation, but can usually work around issues.
Well-off would be people that can easily cover all necessities and spend for enjoyment and save to some degree. They still must work to maintain their lifestyle, but they never worry about their financial situation if they are worried.
Rich are people that don't have to work and have reached the point where they have enough money to live off the interest or other revenue that comes in without labor on their part. The fundamental difference is they are free to do whatever they want and whenever they want. The first three brackets have the worker-life in common at least.
Doing my personal income would be stupid. My wife makes wayyyyyy more than me, so I would go from looking poor as fuck to pretty well fucking off between personal and household.
Based on a thread that recieved much attention, it appears 100k is the dividing line between everyman and the rich
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Indeed, but if your wife leaves you, then you have to rely on your own income.
As I always tell myself, don't rely on others unless you can rely on yourself.