181–190 of 208 posts
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And just to confuse things a little more we have in the UK: https://www.ordnancesurvey.co.uk/ Which is not a survey of explosive devices.
But it is (or was, originally, when it was named) a survey for directing military ordnance.
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The global 1% are people with about $900k in wealth.
Judging by the comments, or at least by those who comment (semi-)actively, a surprisingly sizeable fraction of HN actives do fit into that bucket. And for a properly demoralising angle, that level of wealth is still a far cry from being fully financially independent.
Really? I feel like if you had 900k in cash, and no debts, you could easily live freely. Maybe not the ultimate lifestyle, but pretty comfortably, even in the US. That's around 50k a year in investments. Even with a partner and maybe even a kid or two, you could get by and have the time to build up your own independent income sources, unless I'm wildly overestimated how much the average person wants to spend to live decently.
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If I had a dollar for every American I've seen working at the same companies that was spending $800+ a month for healthcare insurance coverage for themselves, their spouse, their two kids... And then over the course of a year probably a few-thousand in "co-pays" for doctors visits and minor things where the insurance doesn't pay 100% of the doctor visits. And then they still would have a $8,000+ deductible for many c…
This tax just comes with no guarantees - you're out of the job means all that you've spent is gone. In contrast a decent healthcare system will take care of you even when you're out of a job. A hospital in UK or Germany won't leave you on the street, even if they know you don't have insurance.
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> People don't realise how high incomes in the US are relative to the rest of the world. Gross definitely, but net (after taxes, healthcare, housing and other fixed costs)... not so sure. High CoL - seriously even as someone who lives in Munich, US housing prices are utterly incomprehensible , just how the fuck do y'all even manage to survive?! -, high costs for transportation, the utter madness that is US healthcare…
Median disposable income (after healthcare, taxes, housing, etc.) in the US is the highest in the world aside from Norway I believe.
I imagine it's easy to have high disposable income today, if not allowing for the cancer treatment you may pay for tomorrow.
As said, this is a question. I understand only some people in the USA have full health insurance.
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Judging by the comments, or at least by those who comment (semi-)actively, a surprisingly sizeable fraction of HN actives do fit into that bucket. And for a properly demoralising angle, that level of wealth is still a far cry from being fully financially independent.
> And for a properly demoralising angle, that level of wealth is still a far cry from being fully financially independent. Really? I feel like if you had 900k in cash, and no debts, you could easily live freely. Maybe not the ultimate lifestyle, but pretty comfortably, even in the US. That's around 50k a year in investments. Even with a partner and maybe even a kid or two, you could get by and have the time to build…
It's still cutting it very close. 900k in cash will go by faster than expected due to inflation. A single person in a rural or low COL area for under $2k/month between rent/food/utilities. This isn't really leaving much room for hobbies/enjoyment. I would say that's a bit above subsistence level. Rounding up, that might be $30k/year in basic living, which, in theory would last 30 years. Inflation's going to eat in to that - I can't say how much for sure, but I have a hard time seeing most people make $900k in cash last more than 10-15 years. There will be too many temptations to spend chunks, and there will be legitimate emergencies (thinking primarily of unexpected health stuff).
"50k year in investments" - that 900k would have to be invested moderately aggressively to ensure 50k/year coming off while maintaining most of the principal.
What may be more interesting is seeing what other people might view as "low bar" COL numbers. My mental model for much of the low COL areas of the US would be around $2k/month for a single person to live without being at 'rock bottom', basing mostly on what I see around me as lowish rent, food and utility numbers. I've no doubt some people stretch that number lower, and two people sharing a space would cut the number lower as well. I'd think 2 adults could get by on $3k at 'above subsistence levels' in many areas for a long time. Rounding up a tag, that might put you closer to $40k/year, but you'd still not make that $900k last a long time, between inflation and emergencies.
EDIT: https://www.huffpost.com/entry/how-much-money-you-need-t_b_9... - from a few years ago, there were a lot of numbers in the $40k-$60k range for various spots in the US.
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That's very flawed and naive method for measuring value of one's time.
Why? I’m not saying you’re wrong per se but you offer a stern dismissal without any reason nor alternative. For what it’s worth, I think the GP makes a pretty common opinion. For example people on lower incomes will do more household jobs themselves because it saves them money, whereas people on higher incomes will pay people to do things because it saves them time. The opinion might be dressed up differently when I…
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I suspect the vast majority of people on HN are in the top 1% globally. People don't realise how high incomes in the US are relative to the rest of the world.
> People don't realise how high incomes in the US are relative to the rest of the world. Gross definitely, but net (after taxes, healthcare, housing and other fixed costs)... not so sure. High CoL - seriously even as someone who lives in Munich, US housing prices are utterly incomprehensible , just how the fuck do y'all even manage to survive?! -, high costs for transportation, the utter madness that is US healthcare…
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I'm not GP but as a non-native speaker, thanks for the tip! I never realized :)
I'm a native english speaker, and I also never realized those were two different words.
Also, while I'm a native speaker who does know this one I think it's obscure enough that most don't. In fact I suspect it's obscure enough that the mis-spelling will replace it eventually anyway.
Incidentally the products of magnet fishing often turn up on Reddit's /r/whatisthisthing sub. You also see quite a few munitions. Often enough, in fact, that they have a munitions bot that warns people to contact the authorities (and not, e.g., twist the end to see if it comes off...)
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Oh god yes. Imagine being able to go to a concert and instead of having to go to the port-a-potty you could just deduct a couple dollars from your bank account. That sounds amazing. Also over half? of people wake up to pee at least once. That'd be nice to make unnecessary.
"Also over half? of people wake up to pee at least once. That'd be nice to make unnecessary" And then there is the hazzle of breathing. And walking. And moving around! Oh boy, if only someone could do living for me.