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The top 10% for individuals is 114k[0] and for a household is 178k[1]. They may eventually get to millionaire status, but there's still a long way to go. Basica
by RobAtticus 7y ago
The top 10% for individuals is 114k[0] and for a household is 178k[1]. They may eventually get to millionaire status, but there's still a long way to go. Basically, getting to 100+k at the end of a long career and plenty of saving & investing (which Americans are not great at [2]) may get you there, but I don't think those stats you provided really bear out the case.
[0] https://dqydj.com/income-percentile-calculator/ https://dqydj.com/income-percentile-calculator/
[1] https://dqydj.com/united-states-household-income-brackets-percentiles/ https://dqydj.com/united-states-household-income-brackets-pe...
[2] https://www.cnbc.com/2019/03/14/heres-how-many-americans-are-not-saving-any-money-for-emergencies-or-retirement-at-all.html https://www.cnbc.com/2019/03/14/heres-how-many-americans-are...
- monocasa 7y agoMillionaire status has been retconned to mean $1M/yr in income, to keep it out of the realm of something you can just work for and achieve with a middle class lifetime.
- castlecrasher2 7y agoI find it strange you're pulling out stats to refute the person you're responding to and prove an oddly specific quote that I believe misses the point entirely.
- RobAtticus 7y agoWhy? A bit of context to clear up a misconception or a misleading stats isn't a bad thing.