Results 1,476 to 1,500 of 1500
Thread: What's the number?
-
12-18-2022, 06:42 PM #1476
-
02-28-2024, 12:56 PM #1477
Figured I would bump this thread because I'm feeling like I need to bump something today. Not quite the specific topic of the thread but I will argue somewhat tangential. Yeah, I used the word tangential. Deal with it.
Thoughts?
Boomers And Gen Z Agree They Need A Salary Of Around $125,000 A Year To Be Happy, But Millennials Say They Need $526,000 — Who Is Right?
And once again, the lost generation gets left out of the discussion."We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
-
02-28-2024, 01:06 PM #1478Registered User
- Join Date
- Mar 2008
- Location
- northern BC
- Posts
- 31,085
I forget which is which but by the time the youngest group gets to retirement the numbers will be much higher and if they arent home owners by retirement they gotta come up with the rent some how
I think when this thread started I was the only person posting who was retiredLast edited by XXX-er; 02-28-2024 at 01:36 PM.
Lee Lau - xxx-er is the laziest Asian canuck I know
-
02-28-2024, 01:14 PM #1479
-
02-28-2024, 01:21 PM #1480
We are both now retired. Haven't changed our life style much other than I canned the gardeners, as I have time to do that and asked the house keeper to come every week rather than every other week. No month in Yurp planned this year so that will save us $15k+. Have definitely upped our wine game, so that is likely an extra $1k a year, but so worth it. Old dogs are costing me an arm and a leg and sadly I think we are getting close to the end for Gunther. Once both pups cross over the Rainbow Bridge, we have discussed living in Yurp 3+ months a year.
Life is actually pretty great except for getting old and being to lazy to work out often.
-
02-28-2024, 01:24 PM #1481
I think once Millennials realize the amount of work you need to do at that salary level, along with the corresponding stress that comes with it, they might not be so happy.
"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
-
02-28-2024, 01:27 PM #1482
Millenials have kids these days. Imagine the Stress..... I honestly wonder if they're going to have even less kids than us Xers.
It's a war of the mind and we're armed to the teeth.
-
02-28-2024, 01:29 PM #1483
I'm just over a year out from turning 55 and that's still my retirement goal.
I'm confident I can stay happy on well under half a million $ per year.
-
02-28-2024, 01:32 PM #1484"fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
"She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
"everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy
-
02-28-2024, 01:34 PM #1485
-
02-28-2024, 01:36 PM #1486man of ice
- Join Date
- Jun 2020
- Location
- in a freezer in Italy
- Posts
- 7,292
Just heard that a guy I know, father of my daughter's friend, my age, was fine yesterday morning and had some kind of a massive stroke yesterday and is in the ICU paralyzed right now. He was home alone, he somehow managed to call 911 or he'd be dead. Live now.
-
02-28-2024, 01:36 PM #1487
Those numbers mostly track for me when you think about priorities.
500k is the number my wife and I often toss around as a reference point because back of napkin math says we could afford a home, save ~5M in twenty years, and still live a relatively affluent lifestyle. We are debt free, I couldn’t imagine being an elder millennial staring down 40 with significant student loans.
-
02-28-2024, 01:40 PM #1488
-
02-28-2024, 01:47 PM #1489Registered User
- Join Date
- Mar 2008
- Location
- northern BC
- Posts
- 31,085
1st I got the retirement checks/ then the early CPP checks/ then the OAS checks/ then the checks from the Riffs/ and of course the tenant sends checks so being a saver the old habits die hard, I have to consciously think about trying to spend money
edit: I never made > 25$ an hr fixing the HW but once it was over the pension at 49 was hugeLee Lau - xxx-er is the laziest Asian canuck I know
-
02-28-2024, 01:56 PM #1490Hucked to flat once
- Join Date
- Oct 2005
- Location
- Idaho
- Posts
- 11,001
-
02-28-2024, 02:18 PM #1491
I heard he’s a DIY influencer in E-burg. wise words though!
-
02-28-2024, 02:30 PM #1492
I don't think I know a single millennial that would peg that. Most I know would rather just have more time off
-
02-28-2024, 02:44 PM #1493
Re-poll when Z is trying to buy a house.
-
02-28-2024, 04:19 PM #1494
-
02-28-2024, 04:46 PM #1495
-
02-28-2024, 04:50 PM #1496
-
02-28-2024, 05:53 PM #1497
As a millenial with kids I can certainly see why the millenial number is so high.
In my hood, which is northern NH by the way, going rate for childcare is 1750 per month, per kid full time. You need to clear 3500 a month for two kids under 6. Tap a mortgage on top of that which for the median house here is another 3500 including property taxes. And the food bill is 1250. Thats 8250 a month before you turn on a light, put a drop of gas in your car, or you know, anything fucking else.
A family of 4 requires 200k a year to live in NH without significant family support. I can't imagine what it is like in Boston or NYC. Capitalism got its hands on raising a kid and sure did its thing.
But retirement with a paid off house and no kids to support? I stick to my number of a million and the cash flow of a 3 unit rental property. Supplemented with social security (with a COLA) and that is still good livin.Live Free or Die
-
02-28-2024, 06:13 PM #1498
Here is a link to the actual study that the article references. It does include data about Gen X- https://www.empower.com/the-currency...cial-happiness
The study is asking about individual incomes, not household income. $526K in individual income is well above the 99th percentile.
Here is a good data on household income percentile-
https://dqydj.com/household-income-by-year/
And for individual income-
https://dqydj.com/individual-income-by-year/
and some percentile data for households and individuals by state-
https://dqydj.com/income-by-state/
And finally by age-
https://dqydj.com/income-percentile-by-age-calculator/
-
02-28-2024, 06:18 PM #1499Hucked to flat once
- Join Date
- Oct 2005
- Location
- Idaho
- Posts
- 11,001
In that case, I guess it’s not all about participation ribbons after all.
-
02-28-2024, 07:24 PM #1500
They only have 2k people in the study. Given generational breakouts they're barely scraping the minimum for getting to a 95% CI and based on what I know of publicish survey you're typically throwing out 20-30% of sample these days. They need probably double the sample to be confident in an outlier like that.
Bookmarks