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taught_me_patience

(5,477 posts)
33. Completely serious
Wed Dec 3, 2014, 04:16 PM
Dec 2014

First off, it's real wages that have stagnated. Real wages already account for inflation. Secondly, the median personal income of those over 25 is 35-40k/year. Over time, most should be able to save at least a little on that income. I've personally had many years of my life where I saved very little to nothing and many years where I've saved a lot through cost cutting measures. Hell, I lived with roomates until I was 30 years old and making 90k/year.

I don't care about wallstreet, HFT, Private Equity, Carried Interest, CEOs, etc... they have no impact on my personal decisions.

Yup bigwillq Dec 2014 #1
Maybe they should save more? taught_me_patience Dec 2014 #2
How do you save more Drale Dec 2014 #3
exactly. wages stagnent for over 30 years now. TheNutcracker Dec 2014 #6
Real wages are stagnant taught_me_patience Dec 2014 #13
Your right, nominal wages are increasing ... aggiesal Dec 2014 #37
You are correct. The last five years have sucked for wages taught_me_patience Dec 2014 #53
Hmm, the .01% seems to have recovered X 1000 from all the charts I have seen. Live and Learn Dec 2014 #90
Not correct, in 40 years workers as an average have LOST $, bigtime...look it up. drynberg Dec 2014 #99
Sort of Both, Patience ProfessorGAC Dec 2014 #107
THIS ^^^^ volstork Dec 2014 #20
is THAT really true of 50% of the population hfojvt Dec 2014 #48
Thank you. SheilaT Dec 2014 #86
your perspective on students loans is wildly unrealistic. redruddyred Dec 2014 #104
I don't think my perspective on student loans is wildly unrealistic. SheilaT Dec 2014 #110
I think that you are wrong. in fact I know it. redruddyred Dec 2014 #111
Dear Lord, how could I've been so blind..... daleanime Dec 2014 #92
who has "less"? hfojvt Dec 2014 #108
American CEOs make 475 times what the average employee makes. Initech Dec 2014 #4
You just forgot the "sarcasm" smilie, right? MANative Dec 2014 #5
Save more? HappyMe Dec 2014 #9
All they need is a little bootstrapping Orrex Dec 2014 #10
Probably creating a budget taught_me_patience Dec 2014 #15
Ah, yes. The old "you should simply have more money" strategy. Orrex Dec 2014 #17
I think you need to review the TBF Dec 2014 #18
I think I'll fast 1 day a week and put the $ not spent on food into savings. Oops, a tooth went bad, uppityperson Dec 2014 #22
+1000 silverweb Dec 2014 #56
Why do I get the feeling that you have never endured real Jackpine Radical Dec 2014 #25
Or conservative ideology. louis-t Dec 2014 #41
Hey, why don't the poors just get a loan from dad? Marr Dec 2014 #45
Or, heck, make some speeches at Goldman Sachs? They pay well, don't they? closeupready Dec 2014 #59
They are proud azmom Dec 2014 #100
This can only reflect astonishing naivete hifiguy Dec 2014 #26
I know someone who is one of those irritating types that saved from their first job.... Spitfire of ATJ Dec 2014 #31
cost of rent, groceries, natural gas for heating, education, taxes, health care, liberal_at_heart Dec 2014 #43
hey, maybe they can do that in their car before clocking into their third job.. frylock Dec 2014 #47
You gotta be kidding right? abelenkpe Dec 2014 #24
Completely serious taught_me_patience Dec 2014 #33
60 yrs old nurse and never made 90k a yr. uppityperson Dec 2014 #57
You're really stuck on that 90k aren't you? taught_me_patience Dec 2014 #60
uh. huh. I am sorry you miss the point that saying "budget, save" is rather condescending to most of uppityperson Dec 2014 #64
Median household income in the US is 52k - You are wrong. taught_me_patience Dec 2014 #79
This message was self-deleted by its author uppityperson Dec 2014 #82
you aren't worth is. eom uppityperson Dec 2014 #83
Median household income isn't comparable to personal income. NutmegYankee Dec 2014 #112
oh, my god. How oblivious can you be? Do you not comprehend that 95% of Americans liberal_at_heart Dec 2014 #67
99.4% /nt Ash_F Dec 2014 #75
Oh yeah, the old I'm making $90k a year so everyone must be draa Dec 2014 #69
17 posts in five years and this is what you comment on? taught_me_patience Dec 2014 #78
Hey draa, don't mind posers here. You understood perfectly RiverLover Dec 2014 #87
I have a PhD and a good job and I'll never make that. a la izquierda Dec 2014 #98
You are truly special Ash_F Dec 2014 #34
So you disagree that there are millions of Americans who could be saving taught_me_patience Dec 2014 #35
There are roughly 1.5 million people out of 250 million wage earners who make over 90k. Ash_F Dec 2014 #36
My husband was fortunate enough to make it to that point at one point during his career. liberal_at_heart Dec 2014 #49
Thank you for sharing your experience. /nt Ash_F Dec 2014 #74
Oh, there you go again with your numbers and statistics. uppityperson Dec 2014 #58
Why are you calling this a "fact" when it seems to be your opinion? RadiationTherapy Dec 2014 #55
We saved. The interest rate is far less than the inflation rate and that's in this time of low JDPriestly Dec 2014 #40
You may have heard of Elizabeth Warren? Or do you think she is lying when she points out that jtuck004 Dec 2014 #50
Or be part of the lucky sperm club? NoJusticeNoPeace Dec 2014 #51
Are you out of you mind .. step into reality. People don't have any money to put away .. get it? YOHABLO Dec 2014 #68
Median household income in the US is 52k taught_me_patience Dec 2014 #80
I am sure you are well aware that median income is basically meaningless since living costs Live and Learn Dec 2014 #91
Personal responsibility... LawDeeDah Dec 2014 #73
But what if there is no money to save? Just go get another job right? Rex Dec 2014 #76
save more? demigoddess Dec 2014 #77
Yeah. If they are out of bread let them eat cake. GoneFishin Dec 2014 #84
that's right, I posted before reading the replies eShirl Dec 2014 #94
One of my fb friends featured a local ad for arikara Dec 2014 #89
Don't get a 1bd taught_me_patience Dec 2014 #105
"Until you are making more money" Wow. You really just don't get it. liberal_at_heart Dec 2014 #106
And if they have no bread, maybe they should eat cake? eShirl Dec 2014 #93
When has this ever NOT been the case? Indydem Dec 2014 #7
My grandparents were farmers. They did not have "savings" sitting around, but they owned JDPriestly Dec 2014 #46
Good post LiberalLovinLug Dec 2014 #109
And the last 15 years the billionaires extreme greed has reached catastrophic levels. Initech Dec 2014 #8
31 years, the Reagan revolution ruined the New Deal intentionally. Dont call me Shirley Dec 2014 #11
I agree, but many on DU seem to think Reagan economics were not so bad, currently many DUers Bluenorthwest Dec 2014 #23
Sit down for this statistic. hifiguy Dec 2014 #12
Whaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaat?????? Initech Dec 2014 #16
They are begging for the guillotine at this point. hifiguy Dec 2014 #19
When the revolution happens I don't want to be them. Initech Dec 2014 #21
They should reflect on the fates of the Ceaucescus, hifiguy Dec 2014 #28
Neither did the French Revolution, former9thward Dec 2014 #38
"Poor people will rise up and take what's theirs" Tracy Chapman Dont call me Shirley Dec 2014 #30
We have no retirement. We are trying to pay off our house before retirement so we have a roof over Dont call me Shirley Dec 2014 #14
Kick,kick,kicked&Recommended! butterfly77 Dec 2014 #27
I'm surprised it's even anywhere near 50%. Erich Bloodaxe BSN Dec 2014 #29
Especially because 23% of the population is below 18 and not even working taught_me_patience Dec 2014 #44
There is some truth in your post. JDPriestly Dec 2014 #66
Great post covering a lot of matters. truedelphi Dec 2014 #71
Great post, you were so babylonsister Dec 2014 #85
yes, impressive nt steve2470 Dec 2014 #97
The average American 401(k) has around $80,000 in it. liberal_at_heart Dec 2014 #70
Those of us who understand what the disparity in wealth could do not just to individuals who lose JDPriestly Dec 2014 #88
K&R. JDPriestly Dec 2014 #32
kick for Bernie. 840high Dec 2014 #39
Imagine the country we'd have if even a third of our leaders were on the same page as Sanders. k&r polichick Dec 2014 #42
'Cause we're poor shenmue Dec 2014 #52
Ten thousand? TEN THOUSAND?? In SAVINGS!? BAAAAAAAAAAHAHAHAHAHAHAHAHAHAHAHA RadiationTherapy Dec 2014 #54
The text is too small to read, but let me hazard a guess: Quantess Dec 2014 #61
Bernie is right to a point......... RationalMan Dec 2014 #62
Sorry but just like white people will never be able to understand being black, those liberal_at_heart Dec 2014 #65
You missed the point of my post..... RationalMan Dec 2014 #96
My husband made a good living for a while and made some friends that have a good liberal_at_heart Dec 2014 #101
Because.. mvd Dec 2014 #63
One of the most revealing quotes ever: hifiguy Dec 2014 #72
K&R! This post deserves hundreds of recommendations! Enthusiast Dec 2014 #81
WE THE PEOPLE, not I the people aspirant Dec 2014 #95
I know why millions of OUR people are "stressed out" ... 1StrongBlackMan Dec 2014 #102
K & R! lonestarnot Dec 2014 #103
K&R A representative of the people woo me with science Dec 2014 #113
It's a reality that interferes with the illusion of being middle class...nt Jesus Malverde Dec 2014 #114
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