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People who make 6 figures are rich?
Depends what end of 6 figures. That's a pretty broad range.
According to this website about 41% of US households make at least 6 figures pre-taxes. Not that rich apparently.
EDIT: Got the numbers mixed up, initially I wrote 59% - which is the percentage of people making less.
I am a 59%-er and this feels much less freedomish than being a kid with dad making only 35k. Where does my money go?
Into the pockets of billionaires. If you're not in the 1% these days you aren't rich, you're middle class.
According to every other website I went to, only around 34% make at least 6 figures.
https://www.supermoney.com/how-many-people-make-over-100k
https://www.marketingscoop.com/small-business/how-many-people-make-over-100k/
https://spendmenot.com/how-many-people-make-over-100k/
https://www.fool.com/money/personal-finance/articles/heres-how-many-families-make-100k-or-more-per-year/
These links cite out-of-date numbers. The latest numbers are significantly higher.
Roughly 40% of households are currently over $100K, which is not that different than the 45% of travelers who are over $100K.
This person needs to check their math...
Yeah, I laughed at how badly that last one messed up their math.
I fixed my post - according to my source 59% make less than 6 figures, not more. It's still different to your sources, but not by as large a margin. Thanks for cross-checking!
I went to that site, and I interpreted it exactly like you did. They really were not clear about how they presented their data.
So... that leads me to think 45% of travelers having incomes over 100k this thanksgiving means they're underrepresented and thus are not dominating travel in the slightest?
Assuming the 59% number is correct, then you're right.
EDIT: The number is not correct. It is closer to 33%.
I don't know shit about taxes in the US, but a solid guess would be that 45% is actually proportional to the amount of households making 6 figures post-taxes.
We don't generally measure post-tax (or "take-home") income in economics discussions. Gross income is the preferred measure because it allows for a more like:like comparison.
If you don't have at least $10 million in liquid assets then you aren't rich. In a less fucked up timeline what this article is calling rich would have been qualified as middle class. They're just trying to shift the definitions to hide how out of control income inequality has gotten and how rampant poverty is becoming. With the current market prices, nevermind the absolute shit show it's about to become, an income of less than $50k should be considered below the poverty line.
Laughable tbh. You aren't rich until you can stop working.
I consider someone who makes 900,000 a year rich.
Nice pulling a number out your ass. Now do the math from the article
Households of 100k...for two earners.
Can you divide 100k by 2 kid?
No no you can't apparently cuz it's not 900k
Go Google non sequitur.
What do you mean pull it out of my ass? The article said six figures. Is 900k not six figures? Is 900k any less six figures than 100k?
Also I'm not sure what math you're quoting here. None of that's in the article. Children aren't even mentioned.