Over half of Americans claim they're nowhere near achieving their definition of financial freedom, with 36% saying they have less than $1,000 in their savings accounts.
I have worked since I was 12 yrs old, went to both college and university, and have never once made over $100k per year.
Currently I’m on a fixed income, have limited job opportunities and recently had to downsize to a rooming house as I couldn’t afford my bachelor apartment anymore.
Do not equate your hardships with those of us who are facing living on the streets with one missed cheque.
I will equate my hardships with yours because I’ve been there. I know exactly what it’s like. And that’s why I know what it feels like to get a little breathing room from that situation.
But I also can’t pretend that six figures is some kind of luxury experience. It’s still largely hand-to-mouth, you can still live relatively insecure and underhoused (especially with this market), and with the cost of living even a person earning six figures is very vulnerable if you’ve set up a lifestyle that can’t weather unemployment. If my income is $6,000 a month and my outgoing expenses are $5,600 and I lose my job, I’m maybe 3 months from calamity.
Lastly, I’ll say that six figures isn’t what it used to be. It’s a fairly common salary in 2023 to meet the basic needs and costs of the modern world.
@NathanielThomas
I have worked since I was 12 yrs old, went to both college and university, and have never once made over $100k per year.
Currently I’m on a fixed income, have limited job opportunities and recently had to downsize to a rooming house as I couldn’t afford my bachelor apartment anymore.
Do not equate your hardships with those of us who are facing living on the streets with one missed cheque.
I will equate my hardships with yours because I’ve been there. I know exactly what it’s like. And that’s why I know what it feels like to get a little breathing room from that situation.
But I also can’t pretend that six figures is some kind of luxury experience. It’s still largely hand-to-mouth, you can still live relatively insecure and underhoused (especially with this market), and with the cost of living even a person earning six figures is very vulnerable if you’ve set up a lifestyle that can’t weather unemployment. If my income is $6,000 a month and my outgoing expenses are $5,600 and I lose my job, I’m maybe 3 months from calamity.
Lastly, I’ll say that six figures isn’t what it used to be. It’s a fairly common salary in 2023 to meet the basic needs and costs of the modern world.
@NathanielThomas
You do you I guess.
Do not equate your poor planning to a universal hardship