Top 1% in America is $380k income and $8-10mm net worth
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Date: May 26th, 2016 12:03 PM Author: deranged elastic band
So the article assumes people make 1% income ($380,000) from 25 years old until they're 80? lol
Which aspie wrote this?
(http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562811) |
Date: May 27th, 2016 12:01 AM Author: Cream orchestra pit really tough guy
i've seen similar figures--net worth 1% cutoff around $8mm. maybe they are "household" figures though.
It is surprising when you think that if you are at an airport or in a big city, the top 1% cutoff would probably be much much higher.
i guess there is just a lot of wealth sloshing around.
(http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30568285) |
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Date: June 2nd, 2016 12:54 PM Author: Costumed house windowlicker
i'm sure self-made is a rigged definition
jimmy is worth 500k at age 50 when his inheritance comes in at 700k and makes him a millionaire
a self made millionaire, though, since he didn't inherit over a million
jimmy is worth 100k at age 50 when his inheritance comes in at 500k. at age 60, his invested inheritance is now worth 1.3k.
he's a self made millionaire who did it through prudent investing
(http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30608108) |
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Date: June 2nd, 2016 1:01 PM Author: Blathering sanctuary potus
millionaires, yes, but there is a big diff between $1m and $10m net worth
also, people can inherit money when they are younger and it can grow to millions.
a 750k inheritance at 30 at 6% annually is almost $4.5m at 60. If you were successful and amassed $3.5m over your career, now you have $8m.
(http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30608154) |
Date: June 2nd, 2016 11:07 AM Author: light histrionic area
These are household (not individual) figures, and account for adults of ALL ages.
To compare against households your own age, try this calculator: http://www.shnugi.com/networth-percentile-calculator/
For 34-35 year-olds, for example, the top 1% starts at just under $2MM net worth. Consider that much of this is probably inherited wealth, too.
(http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30607455)
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