Re:More Americans are considering retirement
by paulpauper on Saturday October 16, 2021 @10:26PM
(#28893438)
It's not like boomers in the '70s and early '80s had $50k just lying around. Even today that is considered a sizable amount of $. Wages were pretty low back then even when adjusted for inflation. Saving $50k would have been a major challenge even for professionals back in the 80s. It's easy to see how cheap things were generations ago and think that this meant things were thus more affordable, but not necessarily so.
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Re:More Americans are considering retirement
by jleyank on Saturday October 16, 2021 @11:17PM
(#28893636)
Fwiw, starting salary for a chemistry PhD in industry was somewhere in the 30-40k usd range in the early 80’s. There was a downturn during that time that made looking for anything but a postdoc difficult.
Edit: unless it’s changed recently, the ACS publishes their salary survey for chemists in the us yearly so you can look it up if you seek data on pharma salaries.
Re:More Americans are considering retirement
by itronitron on Saturday October 16, 2021 @11:01PM
(#28893576)
You make an interesting point, and I wonder if hearing about the very high incomes supposedly being earned by employees at certain tech companies explains the willingness for young people to incur large amounts of student loan debt.