Quote:
Originally Posted by cologal
I know I will be slammed for this but.....
$50,000 sounds like a lot of money but that is about the starting salary for persons with a college degree. Then you have to look at the amount of their college loans...I have a niece and nephew both MD's they make about that, interns and resident, and you wouldn't want to know the amount they owe. (they do get healthcare) Then you need to factor in where these people live...any big city has big housing and cost of living.
It is not all black and white....
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Agreed there are alot of people in that situation. There is, however, alot of blue collar people who are in the $30,000-40,000 bracket who have to work alot of overtime or a second job to reach that plateau. You know...like Caterpillar where they are still looking for those jobs to come back as promised if the gigantic bill was passed by congress.