Quote:
Originally Posted by vbb
Yeah, maybe my initial impression is off. But people in the "top 5%" of earners (according to the link I posted) are typically not those that have multiple homes and extravagances... that seems to be more top 1% or maybe 2% stuff. Yet I never really imagined that's where the 911 sat. It has long since been referred to a "dentist's car" which are typically people that make good money, but still swipe their grocery story discount card when shopping. Not the wall street, private equity types.
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The top percentages are a lot closer than you expect. We say 1%er expecting it to be like all bezos and those types, but $300k is very in range for a lot of doctors and is 2%. Just over 250k is top 3%. 200k is 4%.
1% is 430k a year. That's a lot of money for sure, but is DWARFED by celebrities, CEOs, etc.