$100,000 income: No big deal anymore

[clayinaustin]

Good article...

$100,000 income: No big deal anymore


"What would have cost you $100,000 in 1976 would cost you $381,000 today. That's just the inflation, and there are so many other things that have grown very expensive," says Mari Adam, Certified Financial Planner and president of Adam Financial Associates in Boca Raton, Fla.

 

[Sea-Dated]

"What would have cost you $100,000 in 1976 would cost you $381,000 today. That's just the inflation, and there are so many other things that have grown very expensive," says Mari Adam, Certified Financial Planner and president of Adam Financial Associates in Boca Raton, Fla.

No Chit:boxing_smiley:

 

[PARADOX]

You live in Boca, you need to add a few zeros to anything. THat's one of the reasons I got out of there. :ack2:

I would happy to do the $100,000 thingie.

 

[ChiefApache]

Thanks for depressing me even more than I was today.

And here I was thinking I was making something of myself. :leaving:

 

[OldSchool]

Clay,
Thanks for the kick in the nuts to bring me down to earth!!!


:cuss::cuss::cuss::cuss::cuss:

 

[inbetween]

I guess I need a second job :cuss:

 

[ImaPoser]

Many now consider $250,000 the new $100,000 income. Adam says that level of income is typically required to provide what many have before expected of a six-figure salary.

Crap. That's gonna take a lot more work.

 

[Perlmudder]

so does that mean the 250,000 dollar income in 1976 would be comparable to a million dollar income today?

 

[db71]

No it means that $250,000 in 1976 equals $952,500 today.:26:

 

[Perlmudder]

No it means that $250,000 in 1976 equals $952,500 today.:26:

you so wise!!:26:

 

[Cash Bar]

You live in Boca, you need to add a few zeros

Boca Raton has plenty of ZEROs. Most are offset by the 10s though. :sifone:

 

[DollaBill]

Boca Raton has plenty of ZEROs. Most are offset by the 10s though. :sifone:

LOL :rofl: