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Fausto said:
In what way? Do they seem low or high?
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i wouldn't expect that only 10% of americans make over $113k, and that 25% make over $67k. i would think the $$ values for top 10% would be higher than that, like where the 5% number starts.

but i guess that is just because I live and work in the DC metro area and have my entire life. the cost of living around here is expensive so people get compensated pretty well too, probably especially when compared to other parts of the country.

cause now that I think about it, people are buying houses for < $100k that are like 2x larger than the houses going for $350k around here. so i'm guessing those people probably aren't making as much as people around here.

EDIT:

and that would surprise me even more if that was household income and not individual income.

it also surprised me considering the jump in % i've made in less than 2 years by switching jobs.
 
CrazyAznDriver said:
Our family is in the top 1% but we don't feel rich for sure, comfortable yes. Student loans, mortgage, cc debt, etc. We went from around 50k a little over a year ago, so I guess we haven't been in the bracket long enough to feel it.
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so you are saying you make over $330k more now than you did a little over a year ago, and you don't feel it?

:confused;
 
purbeast0 said:
i wouldn't expect that only 10% of americans make over $113k, and that 25% make over $67k. i would think the $$ values for top 10% would be higher than that, like where the 5% number starts.

but i guess that is just because I live and work in the DC metro area and have my entire life. the cost of living around here is expensive so people get compensated pretty well too, probably especially when compared to other parts of the country.

cause now that I think about it, people are buying houses for < $100k that are like 2x larger than the houses going for $350k around here. so i'm guessing those people probably aren't making as much as people around here.

EDIT:

and that would surprise me even more if that was household income and not individual income.

it also surprised me considering the jump in % i've made in less than 2 years by switching jobs.
Click to expand...

10% would be over 30 million people.

Seems plenty logical
 
purbeast0 said:
so you are saying you make over $330k more now than you did a little over a year ago, and you don't feel it?

:confused;
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We feel it for sure but we don't feel rich either. I think net worth or savings would be a better indicator of top 1%. We have a mortgage, 200k student loans, private school tuition for 2 kids, cc debt of 80k(almost to 0 now), and found our home inspection missed about 70k of things that should have been fixed. Now in a couple years I expect to feel it more.

Aharami said:
new doctors?
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Yes, my wife.
 
CrazyAznDriver said:
We feel it for sure but we don't feel rich either. I think net worth or savings would be a better indicator of top 1%. We have a mortgage, 200k student loans, private school tuition for 2 kids, cc debt of 80k(almost to 0 now), and found our home inspection missed about 70k of things that should have been fixed. Now in a couple years I expect to feel it more.
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yea that is a lot of stuff to pay off i guess.

but shit ... that is over $30k/month lol. those debts shouldn't take any time to pay off.
 
Fausto said:
It's not $30k/month when you take out taxes, retirement stuff, insurance, etc, etc, etc.
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yea depending on what kinda doctor, medical malpractice insurance can be pretty hefty. I think for anesthesiologists, malpractice can be close to 50% of gross income (or so Ive heard)
 
Aharami said:
yea depending on what kinda doctor, medical malpractice insurance can be pretty hefty. I think for anesthesiologists, malpractice can be close to 50% of gross income (or so Ive heard)
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Yes taxes take a big chunk monthly, but her employer pays all her malpractice so that is good. She is a trauma surgeon.
 
Aharami said:
is that the norm?
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I am not sure, probably not for private groups. She is a hospitalist, employed and base salary from the hospital, it is the way medicine is going. From small groups to large businesses. Trauma in particular is usually run by a university or large corporation from what I have seen.
 
CrazyAznDriver said:
We feel it for sure but we don't feel rich either. I think net worth or savings would be a better indicator of top 1%. We have a mortgage, 200k student loans, private school tuition for 2 kids, cc debt of 80k(almost to 0 now), and found our home inspection missed about 70k of things that should have been fixed. Now in a couple years I expect to feel it more.

Yes, my wife.
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Damn dude, thats alot of debt. I dont have any sympathy for your financial choices but i know where you are coming from. I have a relative who is finishing med school and will start with $160k salary, but with so muh loan debt he wont be able to afford a house down payment for several years.

I cant wait for him to statt living it up, hes all depressed and im like, just wait a few years, youll have 5x an increase in standard of living overnight
 
CrazyAznDriver said:
We feel it for sure but we don't feel rich either. I think net worth or savings would be a better indicator of top 1%. We have a mortgage, 200k student loans, private school tuition for 2 kids, cc debt of 80k(almost to 0 now), and found our home inspection missed about 70k of things that should have been fixed. Now in a couple years I expect to feel it more.



Yes, my wife.
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Sounds like your family's income is way higher than it needs to be. No sympathy. Try donating something to a charitable cause to ease the suffering of others who are not so well off. You'll be much happier.
 
purbeast0 said:
i wouldn't expect that only 10% of americans make over $113k, and that 25% make over $67k. i would think the $$ values for top 10% would be higher than that, like where the 5% number starts.

but i guess that is just because I live and work in the DC metro area and have my entire life. the cost of living around here is expensive so people get compensated pretty well too, probably especially when compared to other parts of the country.

cause now that I think about it, people are buying houses for < $100k that are like 2x larger than the houses going for $350k around here. so i'm guessing those people probably aren't making as much as people around here.

EDIT:

and that would surprise me even more if that was household income and not individual income.

it also surprised me considering the jump in % i've made in less than 2 years by switching jobs.
Click to expand...

If you're a dual white-collar income household the chances of you being in the top 5% of wage earners is quite high.
 
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