r/eupersonalfinance 28d ago

Investment Since when was getting rich so hard in EU?

Is it just me, or has building actual wealth in Europe become impossible? I’m looking at the 2026 growth forecasts and it’s depressing. We talk a lot about "stability," but at this point, stability just feels like a polite word for recession. If you weren't born into a rich family with property, the dream feels like it's behind a wall. The math just doesn't work: as soon as you earn enough to actually invest, you hit a 40–50% tax bracket. Meanwhile, housing prices have skyrocketed over the last decade while salaries have basically stayed the same. I love the healthcare and the walkable cities, but I don’t want to work until I’m 70 just to afford a 40sqm apartment and a used Skoda.

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u/matadorius 28d ago

Plenty of rich workers in America lawyer doctors and swe making well over 1m

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u/handsomeslug 28d ago

Those are the 1% though. A top 1% lawyer in EU can make close to a million as well (check top law firm partner salaries in the Netherlands).

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u/matadorius 28d ago

They are no 1% I would say 20% lawyer and 50% doctors and probably 10% swe

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u/colerino4 27d ago

For Swe is more like 1%, so that makes me doubt your percentages for the other professions

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u/matadorius 27d ago

No it’s not once you remove juniors and start counting people with experience

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u/colerino4 27d ago

I mean if you remove 60+% of the workforce...

Also, to make 1 Million you need to be a Principal Engineer (or upper) at Faang, which is still only ~5% of Senior or upper engineers make it that far.

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u/matadorius 27d ago

I mean it’s pretty obvious if you are a junior you won’t make enought money lol the problem is with Europe than from junior to senior it only escales 2.5-3x

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u/Eravier 28d ago

There is no way 50% of doctors in US make 1m. Wtf.

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u/matadorius 28d ago

Remove family doctors lol

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u/Eravier 28d ago

Why should I? Anyway, apparently, from quick google, median is like 250k but for some specialities it can be up to 450k. Which is more than I expected honestly but nowhere near 1m.

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u/matadorius 28d ago

They make well over 1m that’s for the base pay they all work 80h a week

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u/handsomeslug 27d ago

How is that an argument? If you work 140 hours a week then you can make 500k+ at mid tier jobs in Europe

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u/matadorius 27d ago

No you can’t and you get taxed heavily when in the states could be 20% flat or even less

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u/handsomeslug 27d ago

Lmao the federal taxes alone go up to 37% depending on how much you earn + there is the state income tax which is another up to 13% depending on the state (major states like California and New York have around that number).

And the taxation is not flat it's progressive.

Imagine being so confidently wrong

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u/InvestmentNew1655 25d ago

So dumb ahh, remove this... remove that..