Quote:
Originally Posted by Unregistered
This is such an absurd comment. Teachers get above median income. Like really, it's not an income problem, it's a spending issue. Probe further and then you can see that these people who complain that they can't retire are just bad at money.
|
100k p.a. TC is not enough for an only child who is married with kids but at the same time is also the sole source of retirement income for both of his elderly parents. It is enough to cope with current CoL, but it will not provide retirement adequacy as savings and investments are not as much.
The median income is a very misleading figure, and ignorant people like to throw it around to downplay real problems. Just because the lower half of income earners are earning less than that, doesn't mean that the upper half never face any difficulties.
Think before you judge and fart out of your mouth.