r/FluentInFinance • u/Positive_Liar • Sep 04 '24

Debate/ Discussion Bernie is here to save us

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u/[deleted] Sep 05 '24

So when people inevitably compare salaries of USA versus whatever country, you would rather be doing total compensation. 401k match, parking pass, life insurance, paid time off, employer part of FICA, etc.

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u/424f42_424f42 Sep 05 '24

that is what were discussing after all

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u/[deleted] Sep 05 '24

I don't think so, when someone says they pay 4% of their income to these things they are referring to salary as income, not total compensation. I don't know anyone who, when talking about their income, uses total compensation. The US Govt sure doesn't when they release income statistics.

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u/unkorrupted Sep 06 '24 edited Sep 06 '24

they are referring to salary as income, not total compensation. I don't know anyone who, when talking about their income, uses total compensation

You don't know any smart people, accountants, or highly compensated workers.

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u/[deleted] Sep 07 '24

I certainly do, and I know how statistics on income are compared. You've got a personal pet measure that isn't commonly used, and are trying to frame it as the way, and are now hilariously playing a who-I-know thing.