[quote=permabear]
Yes and yes. SD got hit by the dot-com bust but 100k for a senior programmer was about the same back then as now. Although looking at your figures I bet if I did the math on total comp I could buy a 10% increase. But that would still mean salaries haven’t even kept pace with the woefully-understated CPI. ($90k in 2000 is $112k today, a 25% jump)
Louis Vuitton… hahaha. We have paid-off cars and shop at Target. But a large chunk of my income goes to savings… guess I’m old-school in that way. It’s tough trying to be fiscally responsible in our current credit-orgy economy. Other people spending 100% of their income pushes prices of everything to stupid levels.[/quote]
So you’re saying sr. programmers were making $100k after the .com crash? They must be making bank during the .com bubble then huh? I’m not arguing whether income has kept up w/ CPI. What I’m trying to say is, income has risen over the last 9-10 years and interest rate has dropped quite a bit. So, add in those 2 variable and you should have more people competing at your price range since savers like yourselves are the minority.
With paid-off cars and shopping at Target while making $200k a year, I would expect you to be able to save $70-90k/year easily w/out breaking a sweat. If that’s your definition of “challenging”, then yes, it’s extremely challenging for those making $100k.
