Just read a WSJ article on top 5% income earners in the Millenials generation. To be in that group, you need a household income of min $300k in 2023 which I guess would be like $310k now. Most of them live in HCOL areas. Are you already there? Does it make you feel rich or wealthy?

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I’m a single income of 120k in hcol. I’m basically living like a broke teenager except I’m 31.

Lol... hey you are doing g great. I am sure with time your salary will increase appropriately

I make $70,000 a year, but my husband makes $250,000, so we are technically in that bracket. We're comfortable and I recognize how privileged we are to be in the position that we are. A lot of it gets eaten up by rent and student loans, so it certainly isn't going as far as it used to. I would absolutely say we're not wealthy, but we're definitely doing better than most, even though we're always under the looming threat of layoffs.

Great for you!

I am definitely not there yet. I am in a LCOL area though so that is part of the reason my salary is on the lower side. I am hoping to be up there soon though! Working my way up one day at a time.

I hope you get there!

Not yet, soon. That would be top 5%? Kinda cool

Honestly, i was expecting like 500k but i guess that number is more like top 2% or higher

Everyone has to prioritise their spending based on what makes them feel wealthy. Personally I live in a LCOL area but I don't buy much take out food, so I have loads of money for hobbies and holidays. I know some of my friends live in HCOL and they are having to sacrifice things every month because they can't afford it all.

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