Sun 22 Oct 2006
When $100,000 = $61,915.41
Posted by RichSlick under Money Management, The Fed
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The year was 1990 and the Berlin Wall had just come down. The future was so bright you nearly had to wear shades. Everyone was predicting East & West German re-unification. At the time I think most people considered a six figure salary as the panacea that would be the key to the lifestyle that they really wanted to experience. Sixteen years later the median household salary (two income earners) across the nation is around $60,000 which is way short of the $100,000 goal. Unfortunately for many, even if they achieved a 100k salary today, after factoring in inflation (3% annually), 100k today is really only worth $61,915.41 in purchasing power.
What would you need to earn today to be at that 100k panacea? $161,510










