this post was submitted on 07 Oct 2024
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[–] Copernican 9 points 5 hours ago* (last edited 5 hours ago) (1 children)

I think people underestimate lifetime earnings. Let's assume 35 years of salary work to retire at 65 (it takes a while to get a career going an maybe a layoff and parental leave...) That would be about 125k a year. Make that a dual income family and that's 2 people making 63k a year. It's a bit hard to understand pre and post tax though because some of the calculations like retirement are pretax. And then factor in gains from investment...

So isn't this calculation saying a 2 family income making median can live the dream? That's not great for 50% of Americans and probably means a lesser proportion of Americans can attain the dream than before. But that number 4.4 million actually is not crazy high.

[–] [email protected] 8 points 4 hours ago

Add the expense of having kids.
Add the expense of looking after parents.
Add the expense of healthcare costs.

[–] njm1314 19 points 8 hours ago (1 children)

How many um, how many lifetimes do I get again?

[–] EmpathicVagrant 15 points 7 hours ago (2 children)
[–] Akagigahara 4 points 7 hours ago

I feel like that's higher than the actual livable and free lifetimes the average person has.

[–] over_clox 5 points 7 hours ago (1 children)

I believe it's more like 0.7² lifetimes, approximately 0.49 lifetimes.

[–] EmpathicVagrant 4 points 7 hours ago (1 children)

Advertised lifespan vs actual right here

[–] [email protected] 3 points 7 hours ago* (last edited 7 hours ago)

Nah it would be advertised as .9⁸ instead (which is 0.43)

[–] Myxomatosis 2 points 6 hours ago

Hooray for capitalism.