High income earners in the USA - Page 3 - Home Brew Forums
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View Poll Results: percent of high income earners from disadvantaged backgrounds
0% - 24% 10 55.56%
25% - 49% 4 22.22%
50% - 74% 1 5.56%
75% - 100% 3 16.67%
Voters: 18. You may not vote on this poll

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Old 01-30-2013, 02:12 AM   #21
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Originally Posted by Reelale View Post
Is that $250k per annum? Or for a lifetime? If it's for a lifetime, a lot of disadvantaged people would make way more than that if they lived a long time. I would say it's well over 100%.
Per year, thanks for asking.
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Old 01-30-2013, 02:16 AM   #22
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Originally Posted by OrdinaryAvgGuy View Post
Per year, thanks for asking.
You're welcome. Just wanted to clear that up in my own mind.

 
Old 01-30-2013, 02:21 AM   #23
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I think that it would depend on your geographic location. Meaning that where you live would taint your belief of how successful people are. Most folks do not travel enough to have formed a well rounded number.

I would hesitate to guess but I would think over 25% Maybe even much higher

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Old 01-30-2013, 02:28 AM   #24
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$250k isn't much in some places. It's a fortune in others (like here in Arkansas). I would say about 85%+ of the wealthy come from families with money already. The sad reality for those that do make that kind of money (or at least the potential to do so) without wealthy families is the student loan racket. Just like charging 200%+ interest over the life of a mortgage, the highly unregulated student loan industry can seemingly change the rules even after signing. I'm friends with several doctors and attorneys. For the doctors, they don't see the $ until they're done with residency, etc which can take several years. Then imagine having to pay what amounts to a mortgage to pay for school. I know several attorneys in the same boat. I know one attorney that worked in a large firm in Little Rock and could only afford a small apartment because the loans were so high. So thankful I had an academic full-ride. The libertarian in me says "tough... You made your bed, people." But there's another part of me that thinks (probably what you intended with the original post) that the rest of Americans (the have-nots) need SOME way to "make it" even if they have to sacrifice for years. I'm not wealthy. My wife and I are securely middle-middle-class and we associate through church and friendships with a lot of "the haves" in the upper-middle and upper-classes. I appreciate where I am SO much more. I enjoy working 40 hours, from home, stress-free, being able to spend every night and weekend with my family. My intentions in college were to get a degree in political science then go to law school. I finished the poli-sci, and said the heck with law school. I love my life the way it is. Mo money, mo problems.

I don't ever plan on being "rich" like those $250k/year cats, but my wife and I are 2 years into a 15 year mortgage to save money. The next big deal that we are doing is taking an ACTIVE role in teaching our children. Helps my wife is a math teacher, and I'm a history and science buff. Our plan isn't to start a college fund or to get loans. Build them up for the academic scholarship. Again, we're not rich and never will be, but we have every plan to be financially stable and instill the same mindset in our children so that if they have the talent and choose to do so, they can be "haves".

 
Old 01-30-2013, 02:32 AM   #25
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Quote:
Originally Posted by Varmintman View Post
I think that it would depend on your geographic location. Meaning that where you live would taint your belief of how successful people are. Most folks do not travel enough to have formed a well rounded number.

I would hesitate to guess but I would think over 25% Maybe even much higher
Exposure is a huge factor IMO.

For whatever its worth, I agree with your guess.

It seems as if some of the most driven individuals out there start from the bottom and float to the top all because they were told it was impossible to do, given their disadvantaged upbringing.
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Old 01-30-2013, 02:32 AM   #26
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AB bash still going? I'll have to drop by and maybe add a little fuel to that fire.

I definitely agree. As the even progresses the drunk posting will increase.
Be careful you don't burn yourself there, OAG.
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Old 01-30-2013, 02:40 AM   #27
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Quote:
Originally Posted by ArkansasRazorbacks View Post
$250k isn't much in some places. It's a fortune in others (like here in Arkansas). I would say about 85%+ of the wealthy come from families with money already. The sad reality for those that do make that kind of money (or at least the potential to do so) without wealthy families is the student loan racket. Just like charging 200%+ interest over the life of a mortgage, the highly unregulated student loan industry can seemingly change the rules even after signing. I'm friends with several doctors and attorneys. For the doctors, they don't see the $ until they're done with residency, etc which can take several years. Then imagine having to pay what amounts to a mortgage to pay for school. I know several attorneys in the same boat. I know one attorney that worked in a large firm in Little Rock and could only afford a small apartment because the loans were so high. So thankful I had an academic full-ride. The libertarian in me says "tough... You made your bed, people." But there's another part of me that thinks (probably what you intended with the original post) that the rest of Americans (the have-nots) need SOME way to "make it" even if they have to sacrifice for years. I'm not wealthy. My wife and I are securely middle-middle-class and we associate through church and friendships with a lot of "the haves" in the upper-middle and upper-classes. I appreciate where I am SO much more. I enjoy working 40 hours, from home, stress-free, being able to spend every night and weekend with my family. My intentions in college were to get a degree in political science then go to law school. I finished the poli-sci, and said the heck with law school. I love my life the way it is. Mo money, mo problems.

I don't ever plan on being "rich" like those $250k/year cats, but my wife and I are 2 years into a 15 year mortgage to save money. The next big deal that we are doing is taking an ACTIVE role in teaching our children. Helps my wife is a math teacher, and I'm a history and science buff. Our plan isn't to start a college fund or to get loans. Build them up for the academic scholarship. Again, we're not rich and never will be, but we have every plan to be financially stable and instill the same mindset in our children so that if they have the talent and choose to do so, they can be "haves".
For most areas in the US $250k would be considered a high income. Other over inflated areas, not so much. Here in NC, an annual salary of $250k would appear to be high to some while others would say that you make a good living.

Keep in mind that the "college education" is not the only way to the top. While I spent 7 years at a university and believe in education, I met a handful of folks with a HS diploma or less earn an income in 250k range.
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Old 01-30-2013, 02:42 AM   #28
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Be careful you don't burn yourself there, OAG.
No worries my friend. I'm trying hard to keep myself out of trouble. Sometimes it is difficult but I try.
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Old 01-30-2013, 02:46 AM   #29
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I have researched all sorts of data. what we're looking for is a specific correlation. I have failed to find a pattern. yep, it makes no difference. either that or my Give-a-damner is busted again. bwahahahahhahaa!!!
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Old 01-30-2013, 02:49 AM   #30
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Before this gets kicked to the premium side, I'll say it's not impossible to climb from nothing to being a high income earner. Lots of people do it. That said, it's much easier to come from money to get rich. Mitt Romney for example made his own wealth, but he was able to go to the best schools and have high connections cause his father had money.

That said if you eliminate the athletes and musicians from the nothing to rich list, it's probably not a big list of people who went from nothing to rich.

 


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