Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Would a 100k salary in 30 years time be any good, or is it equivalent to an average salary today?
Specifically for someone who graduated with a bachelor's degree in IT.
For example, a 100k salary in 1980 is equivalent to a 280k salary in 2010 when you consider purchasing power.
I'm expected to start on 27k after I graduate, and according to this graph, end on a salary of 100k after 30 years in the career.
Is that even any good? How much would that equate to of a salary today?
4 Answers
- Diapason45Lv 77 years agoFavorite Answer
Such a rate of increase works out at about 4.5% per year.
Over the past 30 years in USA, the rate of inflation has averaged 2.9% per year.
This means that the $100k in 30 years time is roughly equivalent to $43000 today.
I would say that does represent a fairly good rate of increase that will reflect your accumulating skills, knowledge of the business or the industry.
Your salary is meant to rise for two reasons at least:
first, to show your seniority in the business or the industry;
second, to reward you for skill-development and loyalty to the business and maybe to reflect your value among competing firms [to tie you in to the company.]
So, overall, it's a rate of salary-increase that should more than match inflation, based on the past 30 years. You should feel as financially secure then as you would today with a salary of $43000.
- 7 years ago
It really depends on the inflation rate. The inflation rate is not fixed so it's not predictable how much purchasing power your 100k in 30 years will have. My cousin was a CPA accountant in the San Francisco area in 2000 and her annual salary was $50,000 USD, its not much today but back then it was like getting paid $78,000 USD a year according to inflation calculators. The best way to beat inflation is to invest in real assets such as buying a home instead of renting one and having a diverse stock portfolio.
- StormLv 67 years ago
30 years to earn 100K? You'd be in the poor house son. Oh sorry, I finished reading your question. I don't know, I would think maybe a bit more than that, depends on your career but look how much getting your degree cost you? You should hope to make around 35K to start I would think
- Anonymous7 years ago
its not much today but back then it was like getting paid $78,000 USD a year according to inflation calculators.