| ▲ | ceejayoz 3 hours ago | |||||||||||||||||||||||||
> The average person in my area makes like 250-350k between two professionals being a couple. Even in SF that's about double reality. https://www.census.gov/quickfacts/fact/table/sanfranciscocit... > They will have 25 peak earning years where they earn like 240k after taxes but only spend 100k so that extra 140k goes into IRA/401k, and other investments, plus discretionary spend. Talking about an extra $140k a year for decades straight to put into savings as if it's the American norm illustrates just how deeply out of touch you are here. https://www.census.gov/library/publications/2025/demo/p60-28... "Median household income was $83,730 in 2024" > This isn't France and you're not gonna do shit. Yeah, Louis XVI thought the same. | ||||||||||||||||||||||||||
| ▲ | hparadiz 3 hours ago | parent [-] | |||||||||||||||||||||||||
You don't understand how incomes and the census data even works. When you set aside 401k and IRA money it doesn't show up as income. It actually lowers your taxable income for that year so instead of seeing 180k earned you might instead have 150k earned. It's what the IRS calls "tax deferred" which means the money is sitting in an account you own and contributes to your net worth but it's pre-income-tax money. That means someone who has 3 million in an IRA will only show "income" on money they take out of the tax deferred account which may only be 50k in a fiscal year. Income basically tells you nothing and it's a dumb statistic to cite. | ||||||||||||||||||||||||||
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