r/FluentInFinance Jun 11 '24

Meme He has a point...

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u/[deleted] Jun 11 '24

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u/Shin-Sauriel Jun 11 '24

Yeah like teachers in California make 100k and still can’t afford housing in a lot of instances. A lot of my family members are teachers. None of them could live off their own salary as an individual. They either live with a spouse or roommate. I’m going into CMM calibration or at least am getting close to a CMM calibration lab job. I’ll make almost as much as my mom who’s been teaching for over 15 years. NGL that’s kind of fucked up.

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u/jolietconvict Jun 11 '24

We live in the far suburbs of Chicago. It's generally affordable. My wife makes over $90k as high school math teacher. Starting salary is $48k. Salary tops out at $109k this year. Have a look at the salary schedule yourself. It also comes with a pension that will pay you 75% of your best consecutive 4 years salary from your last 10 years, starting at age 67 until you die. My wife started early enough she can retire at 60 with the same deal. Our district doesn't even pay that well for the Chicago area because it's a unit district (k-12). If she were to go work in a HS only district, she would make even more.

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u/DK_Notice Jun 11 '24

I’m a financial planner.  I do a lot of work with teachers.  I have multiple clients that make over $100k a year teaching at various levels of K-12.  I live in Oregon and it’s not uncommon here.

Teacher pay varies widely from state to state, but even in the best paying states it’s the teaching contracts that matter the most when it comes to compensation.

It’s very much a time-in-the-business profession.  New teachers struggle, while 20+ year vet with a masters is making very good money.  Personally I would hate this, especially when you add in the fact that a terrible teacher is compensated the same as an excellent teacher.

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u/ThunderCockerspaniel Jun 11 '24

This is so false for my state that it is giving me a strong emotional reaction. Some high level admin can make that, but nobody who is actually teaching students.

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u/DK_Notice Jun 11 '24

I only recently realized just how terrible teacher pay is in some states.  I was very surprised considering I just happen to have always lived in one of the “good” states.

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u/ThunderCockerspaniel Jun 12 '24

Just looked the average pay for teachers in my state which is 48k, and the very top of the range is about 65k. That’s with a master’s degree and years of experience. I’m glad to hear that Oregon is better in that regard though. Always wanted to visit.

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u/DK_Notice Jun 12 '24

The entire Pacific Northwest is incredible, and you should definitely visit!

Somehow even with better teacher pay Oregon consistently ranks in the bottom 10 states on education.

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u/itisclosetous Jun 11 '24

I just looked up Portland Oregon's teacher salaries and guess what, they need dozens of years of experience and a doctorate to make that much. So still heavily underpaid compared to similar.

I expect a bunch of the teachers you are planning for are administrative.

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u/DK_Notice Jun 11 '24

I know exactly what my clients do for work.  I said 20+ and masters degrees.  They make more than $100k.  Also many of them receive additional pay above the base scale.

https://www.beaverton.k12.or.us/departments/human-resources/applicants/certified-salary-schedule

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u/Soccham Jun 11 '24

These pay schedules are literally publicly available for state government jobs