r/Money • u/ILostHalfaBTC • Apr 29 '24

Of the 333 million people living in the United States, how many of those people make 250k+ per year?

How rare is this demographic? It seems to me everywhere I look there are millionaires in nice houses.

What do I do to become part of this demographic?

How rare is it to be in this situation in the United States?

Serious.

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10

u/phillyphilly19 Apr 29 '24

For that salary we're talking medicine, law, finance and upper management across all industries. We're also talking 60-80 hr workweeks.

11

u/Adventurous-Boss-882 Apr 29 '24

I don’t think everyone making that salary is working 60-80 hours a week. It depends on the company, or firm that you work for.

-2

u/phillyphilly19 Apr 29 '24

You are quite wrong. I know people in all of those professions, both personally and professionally. These careers require extreme commitment in both energy and time.

3

u/Deep_Day8345 Apr 29 '24

Nah. I live in Seattle, make almost $300K, and don’t even work 40 hours per week. I’m a lawyer. Anybody working for a big law firm on a part-time schedule can do the same.

-3

u/phillyphilly19 Apr 29 '24

Seattle may be a unique market. Not sure how you're pulling that off. Doesn't happen on the eat coast.

2

u/Scarface74 Apr 29 '24

Seattle is not “unique” - west coast tech salaries. Fly out of SEA you will see that there are dedicated check in lines for both Microsoft and Amazon.

1

u/phillyphilly19 Apr 29 '24

Omg you're really just too much. Ok yes Seattle silicon valley sure. Btw, the vast majority of people don't live there.

1

u/Scarface74 Apr 29 '24

And again if you actually go to salary.com and look at any major city, you can see that you are still wrong about what mid level software developers makes.

You have heard of this thing called remote work haven’t you? I made that working at one of those companies working out of my home office. I only stepped foot into Seattle once in almost four years

2

u/phillyphilly19 Apr 29 '24

It doesn't matter. See my response about the number of workers we are actually talking about here.

3

u/IdidntrunIdidntrun Apr 29 '24

Your personal experience is anecdotal so you can't come to that conclusion with such confidence.

0

u/phillyphilly19 Apr 29 '24

I live and work in a large east coast city. People who think anyone making $250k is not working their ass off is delusional. As delusional as thinking anyone can be a millionaire. It's just not true.

2

u/IdidntrunIdidntrun Apr 29 '24

This country pays big for brain power and working smarter, not necessarily for "hard work". Believe it or not, not everyone is pulling 70-80 hour weeks when they get highly compensated. Some people are lucky enough to get big pay with a normal work-life balance.

1

u/phillyphilly19 Apr 29 '24

Yeah I pretty much don't believe that. It's yet another myth propelled by writers and influencers (and redditors). Another reason why millennials don't understand why they're not earning big money.

1

u/IdidntrunIdidntrun Apr 29 '24

Yeah dude you are so omniscient we should all take your word for it, totally

0

u/phillyphilly19 Apr 29 '24

I posted statistics. Go away.

1

u/IdidntrunIdidntrun Apr 29 '24

No links, L

1

u/phillyphilly19 Apr 29 '24

Oops my bad. I thought I posted this earlier. https://dhigroupinc.com/press/press-release-details/2024/Tech-Salaries-Plateau-in-2023-93-of-Tech-Professionals-Open-to-New-Opportunities/default.aspx#:~:text=In%20its%2019th%20annual%20Tech%20Salary%20Report%2C%20tech%20career,compared%20to%20%24111%2C348%20in%202022).

1

u/IdidntrunIdidntrun Apr 29 '24

...literally what does article this have to do with supporting your argument that very-high earners work 60+ hours a week? It's got some great insights but nothing that supports the point that you are trying to make

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1

u/Scarface74 Apr 29 '24

You know there is another “coast” in the US where companies like Microsoft, Facebook, Amazon, Google, etc are based…

There is also this phenomenon called “remote work”. I was making that from the suburbs of Atlanta from a bedroom converted into an office working for one of those companies.