In a recent article titled Where Do You Stand On America's Wealth Spectrum?, author Lee Eisenberg discussed the current annual income of American families. Interesting to note was that if you earn 6-figures, you are in the top 20%...
Income level (percentile) | Median income (rounded)
Level VI (90 to 100) $170,000
Level V (80 to 89.9) $99,000
Level IV (60 to 79.9) $65,000
Level III (40 to 59.9) $40,000
Level II (20 to 39.9) $24,000
Level I (less than 20) $10,000
I have to admit, these numbers actually surprised me. The author notes:
"If you and yours are bringing in $40,000 a year, you're doing better than half the households in America."
As the head of household in a one-income family, I'm doing pretty darn good! No better way to start the week than a nice little confidence boost like that 😉