I recently got a pay raise, one of those cost of living
things of 2-3%. I’m not sure about your
cost of living, but mine sure feels like it’s increasing by more than 2-3%.
One of the interesting things about our generation is that
salaries have skyrocketed since we entered the workforce and now it seems like
we are making exorbitant amounts of money, compared to what we started out
making, but we still have to scratch our heads and wonder where it’s all going.
I guess it is human nature to live on what you make. When your salary goes up you get a few new
things or make a change or two to your life style, but either way, you continue
to live on what you make. Of course, I
have a savings plan, a 401K and some stock, so I’m trying to build as big of a
nest egg as I can, but I always wonder how much is enough?
I now make more than I’ve ever made before in my life. I’m not as close to 6 figures as I’d like to
be, but maybe one of these days I’ll get there.
I do know this much, I probably make more in a year than my Dad saw in
his life.
When I look at that, it looks odd. It looks like I’m bragging about making a ton
of money, but I don’t. Dad was a
farmer. He raised almost everything they
ate, so he didn’t need to buy most of the food they needed. If he didn’t grow it, he would trade
something he grew for it. Plus, he owned
the farm so there was no mortgage to worry about. So money, at least to my father, was
necessary but not of the importance it is now.
He was used to not having much, if any, for long stretches of time.
If I lost my job, there is no way I’d get by. I would adjust obviously, as I’m sure we all would, but I don’t know that I could adjust to using a minimal amount of money. I don’t know beans about farming (pardon the pun), so I would need some cash flow.
When I started working for a wage at 14, the minimum wage
(if I remember right) was $1.25, or thereabouts. A 40 hour week earned me a whopping 50 bucks,
before taxes. I drop more than that now just taking the family out to dinner.
When I started work at Maremont right after graduation, I think I made $1.40 to
$1.50 an hour - a little bit more, but no gold mine. In comparison, my youngest son worked a
summer job the past two years and at times, depending on where they worked, he
could get as much as $22 an hour. He
thinks he’s broke if he has no folding money.
If he cashed in all the coins in his room and car, he could get $10-$15,
but all he sees is coins. My, how times
have changed.
Then in November of 1970, I joined the AF. I made a staggering $62.00 every two
weeks. I made more at 14 than I did at 19. And, if that wasn’t bad enough, I got married
with that salary. Talk about tough
times! But, you know how it is when
you’re 19 and think you know everything.
Then in September of 1972, Tricky Dick signed a bill that
gave me a 100% pay raise. We ballooned
up to $125.00 every two weeks. That
helped, but our life style adjusted to our new windfall in no time.
But in all fairness a coke was 10 cents, a pack of
cigarettes was 27 cents and a gallon of gas was about 25 cents. I could take $10 on payday, fill the car with
gas, and buy a carton of cigarettes and a case of beer. Oh, those nasty, costly habits.
Actually, looking at it that way, I make more in a year now
than I made in the first 10 working years combined. So, I out earning me in a way too, just like
I did my Dad.
I think Dad was more at peace with the world, though.