Sorry was away for the weekend up the coast. The numbers were $111 and $143 for a total of $254k. To me that is a lot of money for a household to make. These are not people living in a high end NCC community but rather a very modest working class one. Maybe I’m outta touch but a household with two “line workers” making that much seems like a lot. Frankly a lot of the guesses close to and above 300k shocked me.
I also think looking at current pension numbers is a fallacy. It’s not what they are collecting now but what we are committed to and have guaranteed in the future. If I’m selling a luxury retirement lifestyle I’d target public sector workers as there is going to be a lot of them in another 20 to 30 years. I always heard the arguments around here that real estate was getting so expensive our children wouldn’t be able to afford that. I never bought into that because I knew the market would eventually correct itself. This public sector compensation, benefit and pension mess truly worries me because there is no way for the market it to correct itself. We have committed to something I don’t know how we will ever pay for and there is no way around it.
