In 1992 the low end of the top 5% of households was $99,000


In 2018 the low end of the top 5% of households was $250,000

Seems breaking 6 figures isn’t what it used to be

What is “making it” now?

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If you have such a one-dimensional view of making it, I’m afraid you’ll never make it

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For a subjective question like this, I think the answer is 250K or it depends.

likefunny

Actually, based on the data, it would be 251k haha

Making it is setting an arbitrary yet numerically specific salary goal, slogging away the first 8 years of your career to achieve that salary, then cheating on your spouse with the cleaning person because you’re still unhappy and come to realize a number on a paycheck was not what you should have been chasing this whole time.

likefunnyhelpful

100k more than you currently make

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Define “making it”... let’s start there

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Maybe making it is about having enough, and not about having comparatively more

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This. If you can stop working right now and live the life you want you’ve made it. Doesn’t matter if it’s as a ski bum or on a giant yacht

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You need to consider the location as well. $250k in SF or Manhattan is not the same as in Chicago or Dallas. If the increases are concentrated in high growth metro areas with even higher pace of COL increases (housing and tuition) then the statistics are probably not as meaningful

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I feel like that is heavily skewed by the incredible wealth that’s accumulated in the top 1% since 92. FAANG and all that.

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Naw push back M1. Your point doesn’t directly apply, but the FAANG wealth, etc. could make a big enough splash that it changes the shape of the income distribution curve, thus causing some skew!

This is household income right?

This is like a an annual 6% income inflation.

7 figures

Bill Gates

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