Source: BroBible
Summary
Research by MoneyLion revealed the average household income required to be considered wealthy in each of the 50 US states. The top 10% of earners in each state were analyzed, with Connecticut having the highest average income at $370,003. The study also found that the top 10% in 11 states earn over $300,000, with California, Massachusetts, New Jersey, and New York rounding out the top five. The disparity between the top 10% and median household income was also highlighted, with some states having a significant gap between the two.
Our Reading
The habit of comparing wealth gets a new name.
Wealth is a state of mind, and a specific income bracket. The top 10% of earners in each state are the new standard for wealth. But what does it take to be considered wealthy in each state? A lot, it turns out. Like, a lot a lot. The numbers are staggering, with some states requiring over $300,000 to be considered part of the elite. But hey, who doesn’t love a good game of “keep up with the Joneses”?
And the original observation: Wealth is just a number, until it’s not.
Author: Evan Null
