Hacker News new | ask | show | jobs
by HEmanZ 2032 days ago
In the USA top 5% income is about $300k USD[1]. With the relatively low tax rates, I would expect you can take home at least $200k (depends on the state). Like the original poster said, it's not that hard to live off of $50k in most of the US (even in the bay or NY, but you live like a college student). That leaves savings of 150k USD/yr from one source of income. Many families have two working professional adults and can almost double these numbers. Add in investment returns and $2.5 mil becomes a very achievable goal. I know a lot of people in their 30s like the poster and am closing in myself, it is not that uncommon in the US tech community.

[1]https://www.investopedia.com/personal-finance/how-much-incom...

1 comments

>Many families have two working professional adults and can almost double these numbers

It happens, but only if you have a loose definition of "many". If a family makes $531k, they are in the top 1%

https://dqydj.com/average-median-top-household-income-percen...

I think the GP way trying to say that if you are a high income earner you tend to attract/marry other high income earners.
You're right, thank you for the correction. In fact, although it's been awhile since I've read up on it, two high income earners marrying is a major contributor to the growing wealth inequality. Decades ago it was more common for a high income earner to marry a non-high income earner but (IIRC) that trend has been decreasing