If You Are Making 100K, Are You Under 35?May 30, 2011 5:56 pm
We spotted this today:
“It turns out a major predictor of wealth is one’s earning a high income in his or her 20s. Those below the age of 34 in households earning between $100,000 and $199,999, identified as the “Emerging” tier, have a far greater chance of eventually crossing the golden threshold of $200,000 than those who achieve household income of $100,000 later in life, identified above as “Aspiring.””
Statistics Source: Adage
1. The top 1% alone control nearly 40% of the wealth.
2. 10% of U.S. households “account for almost half of the consumer spending” and represent about one-third of total GDP.