this post was submitted on 03 Sep 2023
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[–] Kushan@lemmy.world 8 points 1 year ago (1 children)

I suspect his information is out of date, $50k isn't a lot of money but 10 or 20 years ago it was.

[–] uberkalden@lemmy.world 2 points 1 year ago (1 children)

Was it? I made that out of college almost 20 years ago. It wasn't what I would call rich

[–] III@lemmy.world 4 points 1 year ago

Yes, it was. If it helps, $50K then would be $81K today. The average minimum wage these days across the US is $8.5 an hour, or $17K per year.

So it is... it absolutely is. Even today it is quite a lot to many people.