Why People Making $100,000 Per Year Don’t Feel Rich

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$100,000 Per Year. Back when I was in high school that was the ultimate benchmark for “making it” and being considered rich. But is it really still "rich"? We try to answer that question.

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Timestamps:
0:00 - Intro
0:25 - Wage Growth
2:46 - Cost of Living Categories
3:01 - Housing
3:38 - Healthcare
4:07 - Transportation
5:51 - Insurance
6:10 - Education & Tuition
9:18 - Regional Areas & $100,000

References:
https://time.com/6263989/six-figures-inflation-income/
https://insight.kellogg.northwestern.edu/article/wage-stagnation-in-america
https://homebay.com/inflation-housing-market/
https://www.healthsystemtracker.org/indicator/access-affordability/out-of-pocket-spending/#Per capita out-of-pocket expenditures, 1970-2020
https://www.bankrate.com/loans/auto-loans/average-monthly-car-payment/#stats
https://fred.stlouisfed.org/series/MVLOAS
https://www.globalbankingandfinance.com/insurance-and-vehicle-costs-now-vs-years-past/#:~:text=Insurance Costs Have Increased Quickly,the same vehicle and coverage.
https://www.cnbc.com/2022/05/06/this-is-how-student-loan-debt-became-a-1point7-trillion-crisis.html
https://smartasset.com/data-studies/dd-what-100000-is-worth-2023
https://www.zumper.com/rent-research/san-francisco-ca

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PS: I am not a Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel

Видео Why People Making $100,000 Per Year Don’t Feel Rich канала Humphrey Yang