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What's with telling YEARLY salaries? (lemmy.zip)

submitted 1 year ago by Blizzard@lemmy.zip to c/asklemmy@lemmy.ml

136 comments fedilink hide all child comments

I think this is mostly a US thing. Why use yearly salary? You're not paid once a year, are you? Most likely once a month. Referencing monthly salary makes much more sense.

"I'm making 50k". Great, now I have to guess - dollars? Monthly? Yearly? If yearly then what's the monthly paycheck? Net? Gross?

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[–] Tuss@lemmy.world 3 points 1 year ago (3 children)

Is 50k per year below average in the US? Is it hard to survive on that amount?

[–] Atropos@lemmy.world 8 points 1 year ago

It depends significantly on location and living situation, but 50k ranges from moderately comfortable all the way to poverty line.

[–] MNByChoice@midwest.social 2 points 1 year ago (1 children)

To add to the other poster, in the USA we have calculators for these things.

There is lots of info available, but a short answer is:

The real median earnings of all workers aged 15 and over with earnings decreased 1.2 percent between 2019 and 2020 from $42,065 to $41,535

[–] Tuss@lemmy.world 2 points 1 year ago

Comparing that to where I live.

The median is about $37k per year.

On the other hand. I make around $13k, single household, studio flat close to the city center and I make do just ok. Wouldn't hurt to earn a bit more. But on the other hand I work a bit less than 50%. It's hard to find work though and inflation is making living harder.

[–] thisbenzingring@lemmy.sdf.org 1 points 1 year ago

If you have a family it's poverty wage.