Re:Benefits of a Lifestyle Business
by bittercynic on Wednesday August 09, 2017 @03:30PM
(#14972737)
It may not seem high to you, but to those in the bottom quartile, it may seem impossibly high, with no clear path in anything approaching the right direction.
Now combine two median incomes. You can very easily earn $80,000+ in a household, doing routine jobs without a bachelor's degree (a high school diploma is required), in thousands of typical mid-size locations in the US that are dramatically less expensive to live than the coastal cities.
Meanwhile, job openings have jumped to an all-time high.[2] While the supply of labor is at a very low level.
Pairing two median incomes delivers an upper middle class life, and does so easily given just a few years of continued improvement after reaching the median. That enables you to buy a good house in those other parts of the country (99% of the nation that is) and it enables you to live quite well if you're at all prudent. So there's your target: figure out how to get into the top 50% among the employed, not exactly a high bar.
[1] http://thehill.com/homenews/state-watch/326995-census-more-a...
[2] https://www.bloomberg.com/news/articles/2017-08-08/job-openi...