Re:Evidence from leaked account data on how elites use offsh...
by lend000 on Saturday May 08, 2021 @05:51PM
(#27091074)
It's all relative. But no, making 400K after 10 years does not result in $4M. If you make that 400K as an engineer in a coastal tech hub and put all the savings in the bank after taxes and expenses, you have 1M after 10 years. Not much more than the median price of a home in LA county, and far below the median in SF.
In other words, you have accumulated 1/10000 the wealth of your FAANG employer.
In other words, you have accumulated 1/10000 the wealth of your FAANG employer.