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Millennials are exhausted by working more for less.
(www.theguardian.com)
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And that’s basically it!
My situation isn’t going to be all that helpful for you.
My take-home has actually dropped by about $60,000/year, but that’s because I went back to school during that 8 years for a career change after hitting a dead end.
Now, I work far fewer hours than I did in the old career as I’m still working my way up in the new one. Hourly though, I make about 25% more in the new career than the old.
Now I’m single with no kids, so going back to school was an option for me. It won’t be an option for everyone.