alt Hacker NewsEhhhhhh I like Europe, a lot, but when you're in you're 20's or 30's and looking at $300k in SF or €80k in Paris (and better access to investment products and lower taxes in the US to boot), suddenly clocking off at 16:00 on Fridays doesn't seem as nice as being able to retire in your 40's.
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kevin_thibedeau • today at 8:11 PM
Most American's don't have that opportunity either or don't want to make the sacrifice of living in soul crushing circumstances.
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300k in SF or NYC is FAR from early retirement unless you live 'frugally' - Manhattan average rents are 5K for 1 bed. You pay city, state and federal tax. Food and alcohol are 30-50 percent higher than Paris. And no one talks about property taxes.
In the US, local and federal taxes plus property taxes are easily 50-60 percent of your income.
Inflation runs higher in NYC than the rest of the country, as well.