Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (16988)	2/9/2004 2:24:02 PM
From: fatty	Read Replies (1) \| Respond to of 306849

Amy, So with my cousin's 30k a year salary, how can she possibly save $12K a year for 401k in Boston? As a woman, you probably have a better idea what she has to spend to keep up with her social life. I know that in the early 90s, fresh grads with that kind of salary still received financial support from their parents. The situation didn't change until 96/97 when there was a big jump in salaries. Back in the mid 90s, our biggest competitor, Japan, was in decline for years with no hint of recovery in sight. Chindia was barely noticeable as an economy entity. People knew that a new wave of prosperity was coming. Fast forward to 2004, we're seeing a revitalized Europe, two emerging superpowers, a Japan that refused to die, a newly acqainted enemy in the form of a terrorist network and a country sharply divided between the haves (good paying jobs & housing & health care) and have nots. So do you see a few years down the road, there will be another round of big jump in salary? I don't think so!