• Hemingways_Shotgun@lemmy.ca
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    6 months ago

    The top 20% of earners start at $80,000/year

    Jeez…I knew it was bad. But I didn’t realize it was that bad.

    I’m not questioning or anything. Just interested in knowing where you got that number from.

    • Kit
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      6 months ago

      Sure thing, I was quoting this article: https://www.usatoday.com/money/blueprint/investing/are-you-upper-middle-class/

      Bear in mind that’s individual income. If you’re looking at family income it’s around 130k (per the latest census data).

      My household makes more than that and the grocery prices are still hitting us hard. Went from spending ~$150/month to spending almost that much per week. We’re not eating steaks or anything and we cook from scratch. It’s wild.