Join Early Retirement Today
View Poll Results: How much will US Real Median Earnings grow over the next 20 years? annual : compound
+2.0% : +49% 0 0%
+1.5% : +35% 1 25.00%
+1.0% : +22% 1 25.00%
+0.5% : +10% 1 25.00%
0.0% : 0% 0 0%
-0.5% : -10% 1 25.00%
-1.0% : -18% 0 0%
-1.5% : -26% 0 0%
-2.0% : -33% 0 0%
Voters: 4. You may not vote on this poll

Thread Tools Search this Thread Display Modes
Earnings Growth?
Old 01-06-2011, 07:58 AM   #1
Thinks s/he gets paid by the post
Join Date: Oct 2006
Posts: 3,635
Earnings Growth?

Many of us are expecting or hoping to get some benefits from Social Security and Medicare. It seems to me that the willingness of working people to fund those programs depends partially on how much money the working people will be earning when I want to collect. Hence the poll.

I could have used per capita GDP in the poll instead of median earnings, since GDP is a broader measure of the economy. I went with median earnings because everybody can vote, and these programs rely on political support not just a strong economy.

Just to clarify the question. Choosing the first line means that you're estimating the increase in real median earnings over the next 20 years will average 2.0% per year, and 2.0% per year compounds to 49% for the 20 year period.

For perspective, median CPI-adjusted earnings for full-time year-round male workers have been essentially flat since the early 1970's, possibly going up 1-2% over the entire period. They've been close to $46,000 for about 3 decades.

Female earnings have increased about 16% in the last 20 years, growing from about $31,300 to $36,300.

See Table P-38 here:
Independent is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Taxes, W2 and 1099 Earnings Alex. Young Dreamers 5 12-08-2008 08:10 PM
GM Releases Earnings....ouch!! FinanceDude FIRE and Money 6 08-01-2008 11:20 AM
Google - Earnings godoftrading Stock Picking and Market Strategy 3 07-18-2008 09:24 AM
Apple Earnings godoftrading Stock Picking and Market Strategy 5 04-25-2008 08:44 AM
Kid's earnings Nords FIRE and Money 1 02-05-2005 03:56 PM


All times are GMT -6. The time now is 03:31 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.