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Putting aside the household income for a moment: "Many" being able to report 6 figure incomes seems quiiiiite a stretch to me, 7 seems insane. Do you have a so

• sokoloff 9y ago
  A million or more 18-20 year olds could no doubt truthfully report 6-figure household income. To me, that's "many". (Slightly over a quarter of households in the US have a household income over $100K as reported on tax returns. Household income for the purposes of credit application can be meaningfully higher than for adjusted gross income tax return concerns.)
  • mmcclellan 9y ago
    That's actually an interesting stat. If there are ~115 million US households and 20% have > $100,000 income, that is ~23 million households. If 18-24 year olds make up ~9.5% of the population, and we 'assume' they are evenly distributed in these households, then this statement (well 18-24) could be true.
    • sokoloff 9y ago
      Per this: https://dqydj.com/household-income-percentile-calculator-2016/ https://dqydj.com/household-income-percentile-calculator-201... it's 26.3% of households with incomes over $100K. I saw another estimate of 125 million households, so it could well be ~33 million households with >=$100K household income. (I'm not so much quibbling with numbers as trying to get across that "it's a lot of people")