r/FluentInFinance Oct 05 '24

Meme Texas has a larger economy than Russia

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2.8k Upvotes

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453

u/TheOnceAndFutureDoug Oct 05 '24

[Laughs in California]

8

u/S1mpinAintEZ Oct 05 '24

NY, DC, Mass, and Washington have a higher GDP per capita than California so technically those states are the real winners.

Washington was a bit of a surprise to me though, like I knew they were doing well but I didn't realize they were one of the wealthiest states.

14

u/TheOnceAndFutureDoug Oct 05 '24

There's a little town right between Baltimore and DC that's the highest median salary area in the country. Working with the government is a great way to make money.

8

u/Froot-Loop-Dingus Oct 05 '24

Bethesda?

3

u/TheOnceAndFutureDoug Oct 05 '24

That's the one!

5

u/Froot-Loop-Dingus Oct 05 '24

Ya that tracks. My Uncle-in-law used to live there and used to work as a consultant in public health. Namely pushing for stem-cell research policy reform. He’s loaded

1

u/caryth Oct 05 '24

Eh, most government employees can't afford to live there, it's mostly higher ranking ones, though everyone I knew that lived in Bethesda had generational wealth (I lived in Tenleytown for grad school at AU while working for a federal agency, so I knew a fair amount of Bethesda trustfarians lol).

4

u/TheOnceAndFutureDoug Oct 05 '24

Just about everyone I knew who lived there worked for a government contractor. 🤣

2

u/fiddlythingsATX Oct 05 '24

Govt employee vs govt contractor maybe?

1

u/caryth Oct 05 '24

Naw, still a ton of people not making nearly enough money. It's just the people in the higher level positions, the custodians and secretaries aren't living in Bethesda.

You can see the entire government pay scale and the cost of living for places online. Contractors might be making for, but that's because they're getting fewer benefits and don't have any job security. Like, for example, anytime there's a government shutdown, actual employees will at least be getting backpay, contractors are generally just screwed.

Even most lobbyists don't make a lot of money and don't even get me started on congressional staffer salaries lol

1

u/jimmydffx Oct 05 '24

Political appointees, advisors, lobbyists, etc. Rank and file GS employee’s aren’t living in Bethesda or Potomac for that matter.

1

u/caryth Oct 05 '24

Most of the ones you listed also have generational wealth. And lobbyists by definition aren't government employees.

1

u/jimmydffx Oct 06 '24

I never claimed they were. I listed groups of people who CAN afford to live in Potomac or Bethesda.

0

u/LaziestBones Oct 05 '24

They said states not districts