Salary and tuition numbers in 1990 verse today.

[redfish955]

These numbers are converting that years dollars to today's dollars. Based on inflation the average Pharmacist salary was $85,000 and tuition was $12,000 in 1990. There was a bubble in the early 2000s in which pharmacist earnings outpaced inflation that saw salaries reach as high as $130,000 a year for the national average in today's dollars. Today's salaries across the nation are $115,000. Today's average tuition is $25,000. In 1980 pharmacist salaries were $80,000 a year in today's dollars. In the last 50 years there has been a swing of $50,000 annually. There has been a low of $80,000 and a high of $130,000. Another thing not being mentioned. The higher the graduating debt the more difficult it is to retire at 59 1/2. This will lead to pharmacists working later into their lives which means more working pharmacists. I would balance my budget for an $80,000 salary and save the rest. I would make it so that my monthly reocuring payments never surpass 36% of what an $80,000 salary would let you take home a month.

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[mentos]

This was hard to follow but I think all life was easier back in 1990. There were still many families living the American dream back then: a working husband and stay at home mom raising the kids in an affordable house just about anywhere in the country.

 

[redfish955]

This was hard to follow but I think all life was easier back in 1990. There were still many families living the American dream back then: a working husband and stay at home mom raising the kids in an affordable house just about anywhere in the country.

The salaries in 1980 were $80,000 a year which is much lower than it is today. They were at an all time high of $130,000 around the year 2000. Don't be surprised if salaries return to $80,000 since they have been there before.

 

[mentos]

The salaries in 1980 were $80,000 a year which is much lower than it is today. They were at an all time high of $130,000 around the year 2000. Don't be surprised if salaries return to $80,000 since they have been there before.

I won't be surprised if they drop to 80k. Only difference is a house in southern CA in 1990 was $200-300k but today it's $1.5mil+.

 

[MatCauthon]

i don't see that many students coming out with only 25k in debt. several schools are over 200k just for tuition

 

[King2440]

These numbers are converting that years dollars to today's dollars. Based on inflation the average Pharmacist salary was $85,000 and tuition was $12,000 in 1990. There was a bubble in the early 2000s in which pharmacist earnings outpaced inflation that saw salaries reach as high as $130,000 a year for the national average in today's dollars. Today's salaries across the nation are $115,000. Today's average tuition is $25,000. In 1980 pharmacist salaries were $80,000 a year in today's dollars. In the last 50 years there has been a swing of $50,000 annually. There has been a low of $80,000 and a high of $130,000. Another thing not being mentioned. The higher the graduating debt the more difficult it is to retire at 59 1/2. This will lead to pharmacists working later into their lives which means more working pharmacists. I would balance my budget for an $80,000 salary and save the rest. I would make it so that my monthly reocuring payments never surpass 36% of what an $80,000 salary would let you take home a month.

Do you mean $25,000 a year for tuition ? That seems more believable.

 

[redfish955]

Yeah, per year. In 1990 tuition was 12000 a year and today it is 25000 a year both numbers adjusted to today's dollars. If schools keep letting oogles of people in the tuition will be forced back down eventually sure to salary numbers.

 

[mentos]

Yeah, per year. In 1990 tuition was 12000 a year and today it is 25000 a year both numbers adjusted to today's dollars. If schools keep letting oogles of people in the tuition will be forced back down eventually sure to salary numbers.

LoL tuition will never go down. It goes up every year like clockwork just like property taxes.

 

[NITRAS]

If the government gets out of the student loan business, tuition willl drop on most degrees. Not saying it’s likely, but I think it’s true.

 

[SevenPharmacyCalls]

If the government gets out of the student loan business, tuition willl drop on most degrees. Not saying it’s likely, but I think it’s true.

idk because look at cali north state... they aren't eligible for loans but they have such high tuition

 

[mentos]

If the government gets out of the student loan business, tuition willl drop on most degrees. Not saying it’s likely, but I think it’s true.

The kids and their parents will sign their life away through private loans.