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by jltsiren
453 days ago
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And I'm from Finland. Nurse salaries have been a major talking point for decades. While only a small fraction of nurses move to Norway, it's still enough people that it gets mentioned in the news once in a while. Especially around elections. The official languages of Finland are Finnish and Swedish. If you speak one as a native language, you must learn the other. If you work as a nurse in Finland, it's quite likely that you have to use Swedish at work. At least occasionally. If you are comfortable doing that, learning Norwegian is not such a big deal. I studied computer science and eventually ended up in the US. And I'm still here after a surprisingly long time. Based on what I have personally seen, Finns who move to the US for work are less likely to stay than those who move to Sweden, UK, or Switzerland. The culture is just too different. And if you have kids, the salaries are not actually that high. The consensus seems to be that for those with kids, 300k in the US is worth about as much as 100k in Finland. At least in the areas where immigrants with nominally high salaries are likely to live. |
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300K as a family in even midwestern US cities (far cheaper than the coasts) is not crazy for a college educated couple. My US friends and entire extended family earns roughly 100-150Kish per year living in the US midwest (so roughly 300k household income per couple, yet at much lower tax rates).
On this salary they afford childcare, houses 2-3X the size of the average Finnish house in Metro-Helsinki (not kidding), expensive vacations, two new cars, fantastic health insurance via employer, and maxing out retirement accounts -- which has MASSIVE benefits over the Finnish pension system where the government takes control of your money and invests it in crap 0% yielding bonds. I personally know many US couples who are liquid millionaires already by their mid 40s just from working normal jobs w/ 401ks, and much of this is tax free wealth that importantly, they have full control over.
In Espoo/Helsinki/Vantaa, 100k household income gets your family a tiny 3-bed row house, one used Passat, a trip to the canary islands, and yes government childcare/healthcare. The main difference though, the Finnish family making 100k never accrues any actual wealth or sizable investment assets like stocks (And even if they did, government eats 20% more than in the US with higher cap gains tax). They will never reach financial independence. They will be begging the future austerity government for permission to retire at 70 (age keeps going up, so not unlikely). Hopefully the economy doesn't keep stagnating and the population doesn't keep declining, because it's not even really their money, it can easily be squandered by the collective.