Reply to Why is everyone here so rich

Forum Index » Money and Finances

Reply to "Why is everyone here so rich "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I make 150k as a single and it can feel daunting to read these threads and people boasting of much higher incomes. Then I remind myself 150k as a single is effectively the equivalent of a 300k HHI for a couple, so that starts feeling a bit more understandable.

However, the other thing to keep in mind is that the UMC is very, very wealthy these days. The top 1% earner income (NOT HHI, but individual income) nationally is $819k.

To be in the top 5% of earners nationally is $335k. And that's nationally, with higher numbers in expensive markets like DC. My 150k isn't even in the top 10% nationally either, but in the teens.

Then it starts making sense why we see so many high incomes and high HHIs on this forum. There's a lot of high earners out there.

I now need to figure out why I'm not making 250k, LOL. [/quote]

Those numbers seem high for national statistics. Everywhere I can find the top 1% income for individuals nationally is in the 400’s[/quote]

Not sure where you're looking because "everywhere" I look on google shows much higher figures:

https://www.investopedia.com/personal-finance/how-much-income-puts-you-top-1-5-10/

2021 Average Annual Wages
Group	Avg. Wages
Top 0.1% of Earners	$3,312,693
Top 1% of Earners	$819,324
Top 5% of Earners	$335,891
Top 10% of Earners	$167,639

Breakdown by states:

https://smartasset.com/data-studies/top-1-percent-income-2023

DC's is a cool million to be top 1%.

There does seem to be confusion over whether numbers are individual earning or HHI and I suspect many of these articles blend them,[/quote]

Those numbers are definitely household income not individual income. The second article you linked specifically calls it out. HHI is more commonly referenced in general.

Top 1% individual income (nationally) is closer to 400, DC I’m sure is a lot higher, maybe 600-700. Most people who make this much are older and married to someone else with a career so their HHI would be higher too.

https://dqydj.com/top-one-percent-united-states/#:~:text=%24591%2C550%20is%20the%20cutoff%20for,earner%2C%20the%20cutoff%20is%20%24407%2C500.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics