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@FluentInFinance@mastodon.social

2026-08-23 20:43 UTC

If your parents made $50K in the 90s, you need to make $130K in 2026 to have the same buying power. $130K is the new $50K Let that sink in

Replies (4)

  • @johnefrancis@cosocial.ca 2026-08-23 21:38

    @FluentInFinance@mastodon.social average inflation, or housing inflation? Housing inflation matters more for this income level, so much income will go to housing.

    Open ##5143351

  • @FluentInFinance@mastodon.social my parents made ~$50k in the 90s, with no student loans, had a mortgage on a 4-bedroom house with a basement, 3 cars, and were putting one kid through college with plans in place for two younger kids. I was making more than $130k before I was laid off, and it was barely enough for my student loans, a mortgage on a 2-bedroom condo, 1 car, and no kids. It’s nowhere fucking close to equivalent

    Open ##5143355

  • @FluentInFinance@mastodon.social Comparing the Social Security cap today vs a prior year is also a good metric. At one time I made close to the cap, but then the cap ran away.

    Open ##5143361

  • @ringtail@c.im 2026-08-24 18:18

    @FluentInFinance@mastodon.social is there a link to an article or the math involved for this? I wanna share with folks, but need more first.

    Open ##5143366