Taxable income is $131,000, while average income is... - Deepstash
Persuasive storytelling

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Persuasive storytelling

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  • Taxable income is $131,000, while average income is $247,000.
  • Note that those who have incomes in $500,000 to $999,999 (8%) and more than $1 mil (5%) skew average upward
  • Average household net worth $3.7 mil
  • 6% have over $10 mil which skew average upward
  • Typical millionaire household has a net worth of $1.6 mil.
  • We live in less than 7% of our wealth
  • 97% are homeowners. Live in home value average $320,000. 50% occupied same home more than 20years
  • 80% are first generation affluent

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MORE IDEAS ON THIS

Ask Yourself

  1. Does your household operate on an annual budget?
  2. Do you know how much your family spend each year on food, clothing, and shelter?
  3. Do you have a clearly defined set of daily, weekly, monthly, annual, and lifetime goals?
  4. Do you spend a lot of time planning your financia...

47

422 reads

Millionaire On Credit Card

  • Most wealthy household have a MasterCard and Visa
  • Millionaire household is 4 times more likely to hold a Sears card (43%) than a Brooks Brothers card (10%)
  • Both Sears and Penney's cards are significantly more popular among the wealthy than the cards if status retailers

35

384 reads

Portrait Of A Millionaire

  • 75 years old male, married with 3 children. 70% of us earn 80% or more of our household's income
  • About 20% is retired. 66% who are working are self employed.
  • Self employed people make up less than 20% of workers in America but account for 66% of millionaire
  • 75% self ...

42

740 reads

  • 20% are not college graduates
  • 18% have master's degree
  • 6% Ph.D
  • 8% law degree
  • 6% medical degree

37

521 reads

  • 17% of us or our spouses attended private school but 55% of our children currently attending one
  • 66% works between 45-55 hours per week
  • Invested nearly 20% household realized income yearly
  • 79% have at least one account with brokerage company but make our own investmen...

36

395 reads

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ianpuang

Welcome, I post what i read Everything I post is in the book, I'll quote it if it's my own opinion

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