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True. But that’s income, to be top 10% in your net worth you need 1.5m USD and 12m USD for top 1%
by martinohansen 1y ago
True. But that’s income, to be top 10% in your net worth you need 1.5m USD and 12m USD for top 1%
- MountDoom 1y agoYeah, but net worth is weird because for most people, it just measures age. When you're young, you have nothing in your 401k and you have a brand new mortgage, so you're worth around $0. Negative if you have any student loans. When you're in your 50s or 60s, the mortgage is repaid, and if nothing blew up, you probably also have a million or two in your 401k, so at that point, it's actually not that hard for a person who had a decent career in the SF Bay Area to be worth $4M+. And many FAANG retirees will probably flirt with $10M+ if they don't spend too much.
- moomoo11 1y agoIs that in the world? Or in the USA. Idk I thought there would be more millionaires.
- Fricken 1y agoEarning $60k/yr would put you in the global 1%.