this post was submitted on 03 Jul 2023
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“Six figures.”
Can we retire this phrase? A lot of these people are earning multi-hundred-thousand dollar salaries. And many of them live in expensive areas where $100k is not some magic number that means you’re rich.
It’s just such a cringey phrase. Not specific enough to be useful, and loaded with economic misconceptions.
Agreed. Between my wife and I we gross close to 200k. With a house in a Boston Suburb and 2 kids, it’s solidly middle class. Certainly a far cry from rich.
I think that’s far from Tesla money. I drive a 10 year old VW (Passat) and she drives a 4 year old Honda (Odyssey).
Do you own the house?
The use of “six figures” as a measure of affluence goes back to at least the 60’s… if we use 1970 as a baseline, a salary of $100,000 then is $800,000 today, accounting for inflation.
Inflation isn’t the whole picture , but helps to demonstrate how dated the phrase is.
This is interesting, thank you for this. Makes me feel less bad
Agreed!