Friday 4 August 2017

A $100,000 salary doesn't put you in the top 1% of income at any age

A $100,000 salary doesn't put you in the top 1% of income at any age

A lot of people are overjoyed to cross the $100,000 threshold in annual income. And they should be — a six-figure salary is nothing to sneeze at. But as income inequality in the US continues to worsen, a $100,000 salary creeps ever-closer to being an upper-middle-class income, not a sure sign of wealth. In fact, according to a Business Insider analysis of US Census data, the $100,000 distinction isn't enough to put anyone, at any age for which there is reliable data, in the top 1% of personal incomes.
Read more: http://www.businessinsider.com/six-figure-salary-not-top-1-percent-2017-8?source=Snapzu

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