this post was submitted on 05 Apr 2024
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I appreciate you actually responding. Your example is 8 years. Also, what is the difference in take home pay after these 8 years?
The person I was responding to said they haven't had any increase in 16 years. So unless bologna has gone up from .75 to 3.29 in 16 years and that ratio is relatable to all of their life then I don't get it.
My situation isn’t going to be all that helpful for you.
My take-home has actually dropped by about $60,000/year, but that’s because I went back to school during that 8 years for a career change after hitting a dead end.
Now, I work far fewer hours than I did in the old career as I’m still working my way up in the new one. Hourly though, I make about 25% more in the new career than the old.
Now I’m single with no kids, so going back to school was an option for me. It won’t be an option for everyone.