Give me 400k right now and I’ll buy a house and live forever on fuck all because I’m safe and secure in my own home. That means so much, owning your home is wealth.
Edit: I said that based on this. I think the Wikipedia link is about wages specifically (e.g. it counts only full-time employees), not about income in general?
Not only is that data from 2013, but it makes no sense. Why would you include people who don’t make income (children, retirees, unemployed) in an income measurement?
It’s like looking up safety statistics on cars and finding out their diluted with people who don’t own cars, broken cars that don’t run, etc. Only working cars that drive should be included.
If you click on the link Grandpa, you will see the words “European countries by monthly median wage”.
Did you read that section? Did you know that “average” is a colloquial word for a variety of maximum likelihood estimators? Are you trying to sound smart while putting in a minimum of effort?
So you found the 2400 in the list and you completely ignored that people here pay taxes and in the end its 1600 bucks a month?
So the German median? How is that triple?
So you finally read the link, didn’t acknowledge that you were wrong, found the 2400 in the list, and didn’t notice that it was net (after tax) in Euros?
Since I have to do everything for you, “gross, in local currency” is 3,672 EUR (3,913 USD). That’s $47K per year, 3x $16K. You have to compare amounts before taxes, because you would pay taxes on the $16K too.
$400K isn’t “wealthy” by any calculation. It’s not nothing, but it’s not enough to live on. Unless your expenses are like $16K per year.
Give me 400k right now and I’ll buy a house and live forever on fuck all because I’m safe and secure in my own home. That means so much, owning your home is wealth.
Getting $400k in one go absolutely makes you wealthy. This isn’t $400k over a lifetime.
Kentucky is also a fairly low cost of living state which is something to factor in too.
My husband and I combined make waaaaaaay the hell less than 400k a year and we aren’t rich but I’d say we live fairly comfortably here.
It goes pretty far in a shithole like Kentucky. You’re right that it’s not wealthy, but it is wealth.
so, like, the median income in Germany?
Edit: I said that based on this. I think the Wikipedia link is about wages specifically (e.g. it counts only full-time employees), not about income in general?
No? Germany is 3x that amount:
https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wage
That’s only for full-time employees, I believe. I edited the comment to add the source I was looking at :)
Not only is that data from 2013, but it makes no sense. Why would you include people who don’t make income (children, retirees, unemployed) in an income measurement?
It’s like looking up safety statistics on cars and finding out their diluted with people who don’t own cars, broken cars that don’t run, etc. Only working cars that drive should be included.
Median and average are 2 completely different things my child
If you click on the link Grandpa, you will see the words “European countries by monthly median wage”.
Did you read that section? Did you know that “average” is a colloquial word for a variety of maximum likelihood estimators? Are you trying to sound smart while putting in a minimum of effort?
So you found the 2400 in the list and you completely ignored that people here pay taxes and in the end its 1600 bucks a month?
So the German median? How is that triple?
So you finally read the link, didn’t acknowledge that you were wrong, found the 2400 in the list, and didn’t notice that it was net (after tax) in Euros?
Since I have to do everything for you, “gross, in local currency” is 3,672 EUR (3,913 USD). That’s $47K per year, 3x $16K. You have to compare amounts before taxes, because you would pay taxes on the $16K too.
You dumbass.
If you had 400k invested you wouldn’t pay taxes because the taxes would already be paid by your broker