Occasionally my wife will comment on how our house is smaller than our friends’, we drive older cars or whatever. As corny as it starts to sound to her, I always remind her that we’re actually better off than most Americans. And most Americans are better off than the rest of the world. So in essence, as far as humankind is concerned, we’re doing pretty damned well. And then she says something like, “yeah but our house is still small” LOL.
Anyway, if it makes you feel any better, perhaps by seeing how you stack up against your fellow Americans when it comes to income, there are a few tools out there that can do the trick. The Wall Street Journal has a nifty calculator showing where you rank (in the context of the 99% vs the 1%) so if you’re curious what it takes to be in the top 1%, it’s about $506,000. And if you’re one of the 53% who actually pay Federal Income Taxes, share your story there too. For the rest of us mere mortals, it’s still fun to find out where you rank and perhaps provide a goal to reach for the next echelon.
How Do You Feel About Where You Ranked?