Re:Lifetime Earnings in the United States over Six Decades
by bradlys on Friday May 28, 2021 @04:15PM
(#27319936)
> If you are in the top 5% of earners, you have the ability to save enough money so you can switch to whatever level of employment you want.
I’m skeptical. My peers and I are in the top 1% of earners. We cannot save enough money to just opt out of our 1% incomes. Real estate is too expensive. (Bay Area)
I suspect many people in the top 5% are wage slaves as much as anyone else and have very little available in terms of viable options to continue the same lifestyle.
I’m in the top 1% but I still live in a 400sqft inlaw unit. Real estate is very expensive where you get those high incomes.
I suspect many people in the top 5% of earners aren’t my age though (30) and have generational wealth going on if not wealth from buying their home a long time ago when things were cheaper.
I’m skeptical. My peers and I are in the top 1% of earners. We cannot save enough money to just opt out of our 1% incomes. Real estate is too expensive. (Bay Area)
I suspect many people in the top 5% are wage slaves as much as anyone else and have very little available in terms of viable options to continue the same lifestyle.
I’m in the top 1% but I still live in a 400sqft inlaw unit. Real estate is very expensive where you get those high incomes.
I suspect many people in the top 5% of earners aren’t my age though (30) and have generational wealth going on if not wealth from buying their home a long time ago when things were cheaper.