Your Dreams Are All Dead
• $100,000 isn’t that much anymore, says BankRate. “The overwhelming majority of Americans still look up to a $100,000 income, but the expectations of what comes with that income are rapidly slumping.”
• Making partner at a law firm isn’t always a big payday, and “it is not uncommon to make partner and not see a bump in guaranteed pay at all,” says Above the Law.
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Previously on The Billfold
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Guaranteed pay bump or not, the life of a partner at a law firm still looks totally fabulous to me.
So 100k in 1976 is 381,000 today. Ugh, today’s Billfold is depressing!
“$100,000 isn’t that much anymore.”
Yes. Yes it is.
@MuffyStJohn I thought we weren’t allowed to make class-based critiques in comments.
@MuffyStJohn I know, right? It is SO MUCH.
@deepomega Holy hypersensitivity and misreading, Batman!
Since it’s not a lot of money I guess I shouldn’t think twice about asking for a little 100k salary bump yes?
I think what they want to say is just “$100,000 per year will probably not get you fabulously wealthy,” which is true. It is still a lot of money and much higher than average/median incomes.
@ThatJenn Exactly, it’s enough for a comfortable life but it’s not retire at 35 kind of money.
Well, $100,00 is a lot more dollars than I personally have. So I’m pretty sure it’s still a lot of money.
It’s not that much, but it is so much.
considering $100,000 would solve all the financial problems i currently have, i’m gonna go ahead and keep dreaming about it.