There are a lot of people making 100-200k salaries.
There are also a lot of people making subsistence wages in a system with no universal public health care and meager government benefits.
Those are two very different voting blocks. The first group doesn't want to do anything too radical to rock the boat and mess up the good thing they have going. The second group wants radical change but has trouble organizing against the high paid lobbyists and campaign donors.
And then the really mind bending thing is those two groups often vote for the opposite party you would expect, considering their economic position.
It's not Goldman Sachs we're talking about here.
Is this the norm definitely not but there are a lot of good companies out there paying well.
Currently, a family of 4 would spend $35k plus or minus $5k on premiums, plus the $34k you need on hand for out of pocket expenses because it’s per calendar year, so if something happens at the end of the year, you need to be able to pay for 2 years worth of out of pocket expenses.
And that is today, so account for quite a bit of inflation if you are starting a family in your 30s, you need to be able to providing until 55 to 60, when the kids should be able to provide for themselves (at your expected quality of life).
Plus education prices, and insuring yourself from legal expenses. I know, 90% of Americans are not and will never be insured against these risks, but once you are in the $200k to $400k income range, you can actually achieve it and come to expect it.
Yet, everything changes if you consider housing, medical expenses, childcare, pensions: ta-dah the ratio between income and expenses is worse than in Europe.
Then count your real working hours over a 30-years period and redo the math.
In my part of Canada, a decent dev salary for a new grad is about 45k USD. After taxes you'll be left with about 32k USD. Rent for a 1 bedroom apartment within a half hour drive of the city is about 1k USD, food for one person for a month is 200-250 USD if you don't eat out but do eat reasonably healthy (frozen vegetables, ground beef or pork chops, pasta, stuff like that). After internet, power, car expenses, telephone costs, etc. come out, you're maybe left with 10k USD to spare each year.
If a new grad in California making $180k+ is left with that little after the same expenses in the USA, I'd be impressed.
Granted, other things become more expensive later on. No doubt childcare is more expensive in California, as is housing. But it's not cheap here - a cheap house within a 30 minute drive of the city here costs about 500k USD, while that might be, what, 1-2 million in California? But a senior dev salary here is about 80k USD, vs 300k+ in California. And sure, the ratio might seem not too bad - 80k vs 300k is like a ~4 times difference, 500k to 2 million is like a 4 times difference. But after you deduct living expenses, you're looking at a much different ratio - unless every living expense is 4x more in California. But I'd be shocked if, for example, 1kg of medium ground beef that costs $10 USD in Canada costs $40 USD in California. Or if a $100 internet plan for 100 Mb/s up/down here costs $400 in California.
The theory says that once those older folks start to die off their children will inherit the windfall, but I'm not really that sure. Its definitely not true for my parents which for various reasons didn't manage to benefit from the real estate/stock market booms over the past ~50-60 years. I know a couple people like this (they have middle class jobs and live in apartments while their parents have tens of millions), while others are like me because their parents burned up imense amounts of money in their later years with travel/health care/etc.
this is a gigantic cope. it may be true for lower middle class earners, but in the tech sector american workers really truly are staggeringly more affluent than their british and european counterparts even after you subtract the tuition money and healthcare costs and all the other shit americans have to put up with.
