I was actually curious what the ratio is for normal vs rich in the US. If we look at who we call rich, we need to set a boundary first. A normal family that saves and invests right should retire at just over a million dollars. If you have a well paying job even 4-5 million is very attainable. Then you look at people with a well paying job in an expensive city, like what this post is centered around, we could realistically see someone as affluent but not truly rich at about 10 million. I would draw the line there though. To attain more than that by retirement age, you were definitely rich and living rich at some point in there, even in a big city.
A quick search tells me that there are about 900,000 people in the US above that number, possibly more depending on whose number you take, but I think the best study put it there. The population is about 340,000,000. If we put this as a ratio trying to figure out 1:xxxx people and move some numbers around we end up with 1 rich person (over $10M) for every 378 normal people (under $10M).
I was actually curious what the ratio is for normal vs rich in the US. If we look at who we call rich, we need to set a boundary first. A normal family that saves and invests right should retire at just over a million dollars. If you have a well paying job even 4-5 million is very attainable. Then you look at people with a well paying job in an expensive city, like what this post is centered around, we could realistically see someone as affluent but not truly rich at about 10 million. I would draw the line there though. To attain more than that by retirement age, you were definitely rich and living rich at some point in there, even in a big city.
A quick search tells me that there are about 900,000 people in the US above that number, possibly more depending on whose number you take, but I think the best study put it there. The population is about 340,000,000. If we put this as a ratio trying to figure out 1:xxxx people and move some numbers around we end up with 1 rich person (over $10M) for every 378 normal people (under $10M).