What's with the American obsession with 6 figure salary on Reddit?

Generally speaking, people with a six figure income will certainly have constraints on their spending ("one vacation every two years, new car every five years") but will not be stressed …

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The American Dream Is Unattainable For Many, According To …

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Oct 16, 2024 · The number of people who believe the dream never held true has also increased dramatically, from 4% to 18%. A majority (52%) now feel that while the American Dream was …

forbes.com

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Why So Many Millennials Making 6-Figure Salaries Still Feel Broke ...

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Jan 12, 2020 · Here's why so many millennials making 6-figure salaries still feel broke. ... $100,000 isn't 'rich' ... That means middle-class American households were earning about …

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Is A 6-Figure Salary Really Worth The Hype? | The Vector Impact

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Jun 22, 2022 · What does a six-figure salary even mean anymore? Along my journey to hit six digits, I also discovered something else: the value of a $100k+ salary really doesn’t go as far …

thevectorimpact.com

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American Dream Is Difficult To Attain Even With Six Figures | Fortune

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May 26, 2023 · And about that unattainable American Dream because of student loans ... stating that a low six figure salary isn’t the goal anymore. ... $125,000 doesn’t feel like enough …

fortune.com

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Want To Live The American Dream? You'll Need A Six-Figure Salary

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Nov 17, 2024 · The report added that only 36% of households earned enough to buy a home last quarter, a sharp decrease from the 59% of households that could afford one in 2019. "Housing …

redstate.com

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Why A $100,000 Income No Longer Buys The American Dream In

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Income is the wrong metric for understanding what's necessary to 'buy the American Dream.' It would be more informative to measure how accessible the American Dream is by comparing …

reddit.com

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Six Millennials Say Earning Six Figures Doesn't Add Up To Much

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May 18, 2023 · High-earning millennials say they’re barely getting by on $100k salaries. BY Alicia Adamczyk. Kelly started earning six figures a year ago. Since, she's been playing catch-up …

fortune.com

FAQs about What's with the American obsession with 6 figure salary on Reddit? Coupon?

Is a $100,000 salary enough to buy the American Dream?

Mark Makela/Getty Images A $100,000 salary, now middle class, is no longer enough to buy the symbols of the American Dream. A house, an education, and kids have all become way more expensive, exceeding income increases. High earners are embracing their own version of the "good life," creating a new American Dream. ...

Does a six-figure salary cut the American Dream?

A six-figure salary no longer cuts it for the pinnacle of the American Dream: a house. Home prices have been going up for years, at a steeper rate than they did ahead of the Great Recession. By 2018, first-time buyers were paying 39% more than first-time buyers did at the same age nearly 40 years ago. ...

Is a six-figure salary enough?

Recent studies put the number closer to $200,000, showcasing that the low end of six figures isn’t nearly enough. That isn’t to say you shouldn’t strive for a six-figure salary. It’s better to make enough money for survival than the alternative. However, know that people earning six figures are also struggling. ...

How much is 6 figures a month?

People making six figures earn over $100,000 per year. The six-figure amount refers to the dollar amount of an annual salary. There are six numbers in 100,000. Thus, it’s a six-figure salary. A five-figure salary would be anything under $100,000 per year. How Much is Six Figures Per Month? A yearly salary doesn’t tell the full story. ...

Can you buy a house on a six-figure salary?

Buying a house, paying for college, and having kids is barely attainable now, even on $100,000 a year. A six-figure salary no longer cuts it for the pinnacle of the American Dream: a house. Home prices have been going up for years, at a steeper rate than they did ahead of the Great Recession. ...

Why do people earn 6 figures a year?

A person earning six figures likely has student loan debt to pay, or kids in daycare, costs that eat away even more of their salary. Rising food costs affect them as well. After all these costs, people earning $100,000 per year are lucky if they have extra spending money for a few nights out a month or to put in an emergency savings account. ...