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this post was submitted on 10 Jan 2024
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I think I crack the top 10 percent income earner I agree (not sure where I am in the USA net worth wise). I don't consider myself rich, but that is very much in part because I live in NYC, but if I didn't live there I probably wouldn't be 10% earner. A big market change could have very significant impacts on my life, housing, etc. Fuck the 1% percent though.
One thing I have noticed about folks that talk about income and wealth in my bracket is that they talk about Stock benefits like options, RSU's, and ESPP as income. When I was making salary and around folks under 75k no one really talked about those types of benefits as income meaningfully (partially because they didn't get it or didn't get a significant amount of it). But for those high income earners in the top 10% that factor their stock as part of their income lifestyle, that puts them more at risk for greater income swings in the event of market crashes to a certain degree (assuming job loss doesn't occur).