Job Search Human Resources Question

[anonymous]

No, I mean in the general scheme of things. in the world at large. how much buying power does 60k have? It sounds odd, but I am incredibly financially naive. I have never really thought that much about money until very recently. I have no idea what people earn or get paid for what they do.

I've come to suspect that for a long time I have been selling myself short.

maybe I'll do a poll.

[classicman]

Originally Posted by anonymous

No, I mean in the general scheme of things. in the world at large. how much buying power does 60k have?

Depends on where you are - location, location, location.
60k in some areas of CA has a lot less buying power than say Tennessee or Rhode Island, for example.

[skysidhe]

Originally Posted by anonymous

No, I mean in the general scheme of things. in the world at large. how much buying power does 60k have? It sounds odd, but I am incredibly financially naive. I have never really thought that much about money until very recently. I have no idea what people earn or get paid for what they do.

I've come to suspect that for a long time I have been selling myself short.

maybe I'll do a poll.

Originally Posted by anonymous

Is 60k a lot of money?

Middle income especially after taxes. Living as I do now that's twice what I make. (made ) I could save a lot or have much money left over but if I bought a big house with a huge mortgage or as Classic said, moved to a spendy place to live then I could still be hocked up to my nose in debt.

No I don't think it's a lot of money. If you are married and had a combined income of the same then yes it's extra money with buying power.