Quote:
Originally Posted by Conissah
Quote:
Originally Posted by LQM5
California = Hard pass. Yeah I guess living in the wealthiest state, making 7 figures, and sunshine everyday (at least in Palm Springs) sucks.
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Seems more like the exception rather than the rule. What percentage of the US do you actually think makes 7 figures...?
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Roughly 300,000 per year. And the percentage of those who do it in consecutive years is much lower.
Cashing out stock options, selling property or inheritance frequently lift people into the category, but those are clearly limited occurrences.