• 12 Posts
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Joined 1 year ago
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Cake day: June 21st, 2023

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  • I tend to agree, but I would set the age lower. A person can graduate high school at 18, get a 4-year degree, and still be 3 years away from “adulthood” by your definition. There are plenty of professionals in the first 3 years of their career who are contributing members of society. Shouldn’t they be able to drive to work, sign a rental contract, etc? I’ve been in my career for over 20 years, and I have always worked with young people who may be lacking experience but are still productive employees. I think you’d be cutting out a significant portion of the workforce by excluding those in early adulthood.


  • $3.4M is too low of an estimate. If you assume someone works from age 18 to 65, that’s 47 years of employment at an average of $72,300-ish per year. Now assume time for college, plus people make less early on in their careers. You’re looking at a $100k income.

    $100k is probably enough to support a mortgage, two kids, insurance, essentials, bills, and retirement savings in some LCOL areas, but not in many places. In many parts of the US, that might cover a modest house and monthly bills, but there won’t be much left over; forget retirement.

    My old brain still looks at a 6-figure income as “you’re rich.” In 2024, you’re not even close.