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Americans with six-figure incomes are in 'survival mode' (www.usatoday.com)

submitted 2 days ago by return2ozma@lemmy.world to c/nottheonion@lemmy.world

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[–] Bronzebeard@lemmy.zip 4 points 1 day ago

If you save a bunch early on from a big salary, you can kind of coast on a lower wage job (no longer making enough to contribute to your retirement funds, as much at least) until a normal retirement age.

The FIRE community refers to his as being Barrista FI (financially independent), due to, long ago, a few coffee shops having decent benefits before they went all union busting...