Aren’t you in CA? You’re like NJ but worse!
their beaches are better…
I am jealous of all these low US tax rates.
My current marginal tax rate is about 60%
Bonus season over here and I am ploughing it all into my pension (to not get it all taxed to death).
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Started at $55k in 2005. Doubled in 5 years. Doubled again in another 5 years. It would be too much to divulge the continued growth over the last 8 years*. In years 6-10 I got my MBA and went from traditional actuary to non-traditional actuary. All in consulting.
*Maybe PM me if you really want to know. I really don’t mind sharing. But don’t want something just sitting out there on the internet.
seriously, Long Island
Not gonna play this game, but I have averaged a little better than 10% increases over my career. The last several years have been usually less than 10%, but last year I got a nice 25% bump with a promotion and market adjustment in the same year.
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i am in the 8.xyz% range. obv, not smooth and even
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Around 9% a year for 20 years.
This thread gives a relative neophyte like me that there is some hope for my career earnings
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Just know that a lot of the big increases involve job switches
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I enjoyed the time when I was looking for work in the US and the HR people were like - what kind of salary do you expect? And I was like - well I make $100k now, so I would hope to at least maintain that. Then they gave me a $100 k USD base salary even though I was quoting CAD.
Switching to the tech industry also represented a large bump, followed by a moderate bump, then another large one. You do the math.
also, much larger when taking (passing) exams
Especially if you’re in a place that pays low. They will always pay low.
Does GEICO still have a bad reputation for low salaries?
Started at $8K in 1972 but it quintupled in 7 years with 70’s inflation and promotions. I am not anonymous so I won’t talk about subsequent decades except to say compensation grew fast enough to retire comfortably at age 58.
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Job switches as in employer switch? Any big bump even at the same company usually involves some sort of move.
Yep, gotta beg, borrow, and steal for bigger jobs. Also as soon as you get people working for you take care of them and they will take care of you.
The house isn’t quite as large as I want but not a hovel. 2018 build, 1700 sq. ft., almost 1 acre with farmland behind us. $271,500 total before closing costs and taxes around $2,300 a year. Although we bought before the housing market exploded. Got quite lucky, there. Might be over $400k today.
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35k 1 yr (1998)
50k 5 yr (2003)
100k not yet
This is me, except that I started at $45k in a different year. But I seem to have doubled it every 5 years (only worked ~10 years so far). For some reason I’ve kept a spreadsheet of every single raise I’ve ever gotten, and taken it with me each time I’ve changed jobs.