- To be among the top 1% of income earners in your 40s, you need to pull in more than $400,000 a year.
- Median incomes for people in their 40s hover around $50,000, signaling vast income inequality.
- The wage gap between the top 1% of earners at ages 25 and 49 is $336,000, but median incomes between the two ages differ by only $11,000.
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How much money you need to earn to be in the top 1% in your 40s
One of the most striking ways to view the US income gap is by looking at the salaries needed to be in the top 1% of income earners in your 40s.
As a 25-year-old, reaching the top 1% of incomes in the age group is tough; you'd need to earn $116,000 a year. Being in the 1% of earners at 35 is even harder, as you'd need to make $291,000. By 45, though, it may seem downright impossible.
The top 1% of 45-year-olds pull in at least $458,000 a year.
Income inequality has been growing in the US for decades — the bottom 50% of Americans saw zero income growth over the past 35 years, one analysis found. As the country's richest get richer, America's middle class has been gradually disappearing.
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