Reply With QuoteI am making more than ever, and find myself with less than ever.
Anybody out there getting raises??
I see the cost of electricty, water, sewer, cable, gasoline, diesel, milk, food, transport, health insurance especially, and on an on are rising. We all know boats and vehicles cost more.
What I haven't seen is an increase in wages. I give my guys more when I can, but its tough to keep up. I haven't given myself a raise in 8 years. I raised the rents on my tenants though....
How is everyone coping with the increased costs of day to day living? Are you still saving for retirement? Or are you just counting on the rising equity in your homes and properties to continue to appreciate?
I am making more than ever, and find myself with less than ever.
Nope, no raise for me. We had a real "hard" year last year. Nobody got raises. Funny thing is, I still see the owner's company leased porsche out front. Must not have been too "hard". To quote my manager: "I'm in a bad position right now. Because I'm giving you a good review, but I can't give you any more money. So, good job, but no raise." Kind of pissed me off. It's too bad that gas pumps don't have a button that says "You worked hard but didn't get a raise. Push here for free gas."
The only raise i got was bye looking at cheap porn on the net.....
I've been getting a marginal raise every year but my bonus has gone down to almost nothing. I still make less than I did in 2000. My wife is self employed and business has been doing better every year but taxes are taking a huge bite out of her income
Originally posted by Mandelon
Anybody out there getting raises??
I see the cost of electricty, water, sewer, cable, gasoline, diesel, milk, food, transport, health insurance especially, and on an on are rising. We all know boats and vehicles cost more.
What I haven't seen is an increase in wages. I give my guys more when I can, but its tough to keep up. I haven't given myself a raise in 8 years. I raised the rents on my tenants though....
How is everyone coping with the increased costs of day to day living? Are you still saving for retirement? Or are you just counting on the rising equity in your homes and properties to continue to appreciate?
I see a good raise about every 2 years because I peak out at what I am doing and move on to something better paying. Everytime I do so I usually take a temporary pay cut and in a short period of time end up making more money then ever before.
However, I am young and it is something I have to do to keep up with the rising costs these days. For me to buy a house or a car is no less expensive then anyone else and I have to keep up with the jones's. Doing so requires taking risks. At my age it is easy to do but once I have kids to feed... That's another story.
For someone deep into their career who has spent the last 20 years doing the same thing it is a different story altogether. Both of my parents have been doing the same jobs for years and years now and in all those years there pay has increased maybe 15% (I make more then my parents do and I have only had my career for 5 years) it's really going to hurt them come retirement time. The last of the baby boom is going to get ****ed come retirement time they have an incredible amount of debt and dont have anything saved up. I fear what kind of effect it is going have on my generation when all that debt ends up unpaid.
For those of you who were the product of the baby boom generation I am curious about something. If you had a networth of 0 right now but had the job you currently have could you buy the house your living in right now for current market value and pay for it off of your current wages? Neither of my parents could. My mom had to have my brother help her buy her house because she couldnt afford it and there is no way in hell even with help from me that my father could afford his home at current market value.
Most people would most likely answer no to that question. I am deathly afraid of what it is going to cost for my kids to be able to buy a home when it comes that time. With the cost of things right now most people my age probably wont be able to buy their first home until they are 30 at which point they may still not be able to buy a home because the costs will have doubled by then.
Scary stuff when you really think about it.
Originally posted by Mandelon
Anybody out there getting raises??
How is everyone coping with the increased costs of day to day living? Are you still saving for retirement?
No raise in last 2 years. Still saving for retirement and put the home on a 15 year mortgage for kids college. All this = tighter living. Sucks.
In aerospace we pretty much get the annual 3% or so like clockwork. Positional moves generate more for us.
One of my past managers said it best..."You are worth what you get if you walk out that door. If you can make more out there, you're welcome to go any time." I've remembered those words and every few years when the challenge at one company dwindle I move to another and get another increase. It's worked well so far.
YEp. It's just getting tighter and tighter. My "Entertainment" is almost non existent, especially in the summerAt some point you just get used to having less.
Like 572Daytona said, I too am making less then I did in 2000, ALOT less. Same job, same company.
mirvin
Raises at our company have averaged around 2.5-3% per year for the 15 years I've been working. This year I got 5.5%, better than usual. I've been lucky enough to stay well ahead of the average raises by promotions and timely career moves. For the most part I've been putting about 10% away toward retirement, although there were a few years in there that saw lower contributions.
Posting Permissions