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Reply to ""mid-6 figure" means what? ~150K or ~500K??"
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[quote=Anonymous][quote=Anonymous]If I can be allowed to be candid and earnest here, I think I do understand the confusion. Though I agree with PPs that the logical answer is low (1-3), mid (4-6), and high (7-9), I think I understand why people sometimes confuse this and say 150k is mid-6 figures. The reason is that this phrase (mid-6 figures) is tied up with salary. And most ordinary people don't really comprehend possibilities of 700k salaries. For many ordinary people (not DCUM land), hitting 100k salary is a major milestone -- something they look to achieve and perhaps a benchmark of "success." When they hit that mark, they have hit a 6-figure income, and "made it." But, they don't see that 100k as part of number line that goes up to 1M. They see it, maybe, as a number line going up to 200k at the absolute highest imaginable. Thus, "mid-6 figure" morphs into a confusing phrase they intend to convey -- midway between 100k and 200k. But, again, I agree with PPs that this usage is erroneous and confusing.[/quote] Yep. They aren't doing the exponential math and think "mid-5s" was 50k, so "mid-6s" is 50k above the beginning of 6 figures. Also agree that for many saying that, so DCUM HHIs are unfathomable. [/quote]
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