It's not just inflation it also has to do with what part of the country you live in. Where I'm at if you have a 2 Income household grossing 120k annually you are comfortable, house in a good neighborhood 2 cars etc.
But if you compare that with California or New York 120k will put you in the low middle class compared to the wages those areas
The fact that I will have a halfway decent retirement has nothing to do with FedEx, and that's the point I'd like to make to my "buddy" DEX01. No dick measuring...just fact. I've basically worked a second job for the last 10 years to compensate for my low FedEx wages. I live a very modest lifestyle, thanks to Mr. Smith, and I'll work a lot longer than I'd like to because we make so much less. My crap Traditional Pension will be less than half of a UPS driver, and he/she probably didn't have to scrimp and save like we do over here.
My newest car is 10 years old, and that's because I didn't feel I could afford a new one, nor have I ever taken a lavish vacation etc. You are absolutely correct that where you live has everything to do with it. If I wanted to live in a dump like Memphis, or somewhere similar, maybe my FedEx retirement would be adequate (LOL), but I don't want to live in a shathole.
Bottom line is that our retirement sucks, we are underpaid, and that Fred isn't going to be handing out money to us until we force the bastard to do it. If anything, he's looking to
take more...and he CAN because of the RLA etc. Our wages have been headed backwards for a long time, and even if you're topped out in a high-level market, you aren't making good money considering how crappy our benefits are and that there is basically no real retirement plan any longer...just the ridiculous PPP.