Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by gitgudnubs on Thursday October 24, 2019 @03:49PM
(#21348496)
Geometric average returns for stocks are over 7%, and that accounts for inflation. The scenario presented to me included no investments, and a flat career.
I think the high cost of living in San Fransisco was a reasonable assumption for someone in the top 1% of income. I think the complete absence of investment in my analysis more than makes up for a flat career. It's not even clear that modeling a flat career growth increases the number, since income tends to peak around 48.
I think the high cost of living in San Fransisco was a reasonable assumption for someone in the top 1% of income. I think the complete absence of investment in my analysis more than makes up for a flat career. It's not even clear that modeling a flat career growth increases the number, since income tends to peak around 48.