3 ms·
This article [0] suggest that the median net worth of a 60 year old to be $187,300. I'm not sure why you're limiting your number to professionals. There's a lo
by dfxm12 6y ago
This article [0] suggest that the median net worth of a 60 year old to be $187,300. I'm not sure why you're limiting your number to professionals.
There's a lot of room between the top 1% and the majority of Americans, so even those "well outside" the top 1% are still likely to be economically disconnected from the majority of Americans.
0 - https://www.marketwatch.com/story/whats-your-net-worth-and-how-do-you-compare-to-others-2018-09-24 https://www.marketwatch.com/story/whats-your-net-worth-and-h...
- Retric 6y agoCongress is paid $174,000 per year which hasn’t increased since 2009 and was worth more back then. That’s a much larger difference than the amount of savings they have. Anyway, 95 percent of today’s House members and 100 percent of the Senate’s have a bachelor’s degree or higher. 1/2 have a law degree and they include several doctors etc. So, based on their current salary and likely professional background having 500k vs 300k of savings actually seems kind of low IMO. I mean running for congress takes more drive than the average person, so presumably higher net worth should be expected. By comparison the net worth of the top 1% for all 60 year olds, collage education or not is over 4 million.
- bostonpete 6y ago> I'm not sure why you're limiting your number to professionals. Because pretty much every one in Congress has a professional background? I guess this begs the question whether Congress should be more representative of the population as a whole. To take a (perhaps?) extreme example -- if 6 percent of Americans are high school drop-outs, should 6% of our lawmakers be as well?