Also if you live in a place like Canada or NY, your income tax over 100K is around 50% (45%)

So you need probably 200K a year considering the income tax at high level that you are paying.

Also if you live in a place like Canada or NY, your income tax over 100K is around 50% (45%)

So you need probably 200K a year considering the income tax at high level that you are paying.

nostr:note1aaexln5hgvnnshyr3h7farjy53a46e4k86tmg27fjhr20gte73zsp3ka8w

Inflation is an insidious thing.

I used 5% and $30k to represent your average kid graduating high school. Disgusting and sad 😡

This likely also has the result of people changing jobs often to up their salary to keep pace instead of negotiating the pay rise. It can be more difficult to negotiate considering that the "official" target inflation rates (e.g. 2%) are usually much lower than the actual rate (best at 7%).

Then add to the mix that the market should be deflationary and your buying power should increase

It's s*(1+I)^n where s is salary, n is years and I is Inflation/100

This game is easy, just set the inflation rate at 2.0%

The average wages in my profession have slightly declined over the past few decades in nominal terms. We're getting royally fucked by inflation. Thank God for Bitcoin.