[lotsofpulp]

It is not that uncommon for a household to earn $150k, lots of fields pay at least $70k+ per year.

And families can live on $100k or less per year, so one partner can take a 50% pay cut without it destroying their life.

[abalashov]

Maybe it won't literally destroy their life--and I doubt that's what the parent actually meant, either--but even this ~25% pay cut would greatly affect their life. It's not the nature of life for most people to live greatly below their means, especially over time.

[fatnoah]

I can attest to the pay cut being impactful. With a teen in private school, the cut means things will be comfortable, but we're dialing back eating out, canceling a planned trip to Europe, etc.

[ghaff]

I expect lots of people in tech are seeing large cuts in effective equity grants.