4 ms·
7 figures is a lot, but it's not really uncommon. Credit Suisse estimates there are 17 million millionaires in the US. I think you may be under-estimating how
by sct202 7y ago
7 figures is a lot, but it's not really uncommon. Credit Suisse estimates there are 17 million millionaires in the US. I think you may be under-estimating how wealthy the people around you are. I know I used to think it was unbelievable that people could earn well into the six figures as individual contributors, until I found out how much some of my friends were earning.
- awinder 7y agoholding a million dollars is way different than earning a million dollars in a given year. the number of people who earn 500K/1M in a given calendar year is a much, much smaller subset.
- sct202 7y agoOh definitely, my general comment is mostly that there are a lot of wealthy people everywhere in the US who don't seem wealthy. In the media, there's a lot of focus on how the average American is in debt or can't save, but those all make is seem like it's exceptional to be able to save or earn 6 figures when it's not.