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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I urge everyone to Google the share of Millionaires in the DMV. This thread makes it seems like every other person is a millionaire in the DMV lol. [/quote]

Women love to underestimate what other people are making. Especially women who took mom track jobs or left their careers.

Google says that there are 15,000 lawyers at biglaw in DC. Which seems low if anything.  Because there are more than 100 biglaw firms in DC, and i'd bet most have more than 200 lawyers.  But even if 15,000, 2/3 of those are going to be senior enough to have $1m. So there are 10,000 people right there- active lawyers in biglaw senior positions.

I don't think i could name a friend in my age cohort who doesn't have $1m.  It's a pretty low threshold these days.

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Sounds like you should make some normal friends. [/quote]

Other people are posting stats to support the fact that $1m hhi is not unusual in dc.  If it’s three percent of all of dc, now narrow it down to people in their forties and fifties with jobs. Ie dcum readership. It’s going to be a lot higher than three percent of people in their forties on this site. That is people MAKING $1m a year.

Now back to the pp I posted, where I wasn’t even talking making $1m per year. I was just talking about net worth of $1m. Again, if you’re talking about people in their forties and fifties with jobs, ie people I’m friends with, who doesn’t have $1m by fifty in this town? You’re doing something very very wrong if you don’t have $1m in worth by fifty in this town, if you’re working. [b]People with pensions are a bit different[/b], because it’s hard to value those dollar to dollar. But otherwise, this is not a big number. If you don’t have $1m in net worth by fifty with a job, how are you going to survive after 67?

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I posted early in the thread and said I’d guess our answer would be “no”. We’ve never figured exact NW. Ages 54/55, both career k-12 educators. I didn’t include pensions, which is where a good amount of our pay goes. We also had almost 20 years of 529 contributions. I figure we are close, but fall short with home equity and 403b values.

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