Think about this, in the US the top 20% households make $107,628 annually. If your networth is more than $415,700 you are also in the top 20%. Here is the total breakdown:
Household Income Annually
|
|
Top 1%
|
$521,411
|
Top 5%
|
$208,810
|
Top 10%
|
$148,688
|
Top 20%
|
$107,628
|
Household Net Worth
|
|
Top 1%
|
$6,816,200
|
Top 5%
|
$1,863,800
|
Top 10%
|
$952,200
|
Top 20%
|
$415,700
|
WSJ: 2012 data from Tax Policy Center
To put this into further perspective what is considered the
poverty line for a two person household is $15,510. Meaning that a two person
household making $46,530 makes 300% more than someone in poverty. (http://aspe.hhs.gov/poverty/13poverty.cfm)
So who is rich anyway? This week I was reminded that the
little things in life are what matter most. I read an interesting article about
Brett Favre. When asked if he would return to the NFL with all the injuries to
key quarterbacks, he simply said no. A man who made millions upon millions (top
1%). He thought he put his family on hold for 20 years and couldn’t stand the
idea of putting them off any longer and he gets to fulfill being with them
doing the things he loves, which actually isn’t football related. I found that
refreshing, that someone who was defined by their work became something more, a
father. No matter how much money he made he ultimately valued the things money
and fame couldn’t buy.
What are you striving for today, this week, or in life? Do
you have more than you need, or do you constantly need the next best thing? We
all, including myself need to be reminded that what we have is enough. Don’t
let money rule your life, for you might find out it’s not that satisfying.
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