Affluence and economic standing within society are often expressed in terms of percentile ranking. Economic ranking is conducted either in terms of giving lower thresholds for a designated group (e.g. the top 5%, 10%, 15%, etc.) or in terms of the percentage of households/individuals with incomes above a certain threshold (e.g. above $75,000, $100,000, $150,000, etc.). The table below presents 2006 income data in terms of the lower thresholds for the given percentages (e.g. the top 25.6% of households had incomes exceeding $80,000, compared to $47,000 for the top quarter of individuals).
I think in my case it was pure ignorance (high school me). Sure, I could memorize books well, but I had no real connections. I had no experience getting a job. I had no clue how loans worked. I didn’t realize what an in-demand skill was. I wouldn’t be surprised if that is true for more high school students. My girlfriend on the other hand, ended up working for a top consulting firm after getting her masters in corporate finance! While she didn’t know that much about job market, she had really solid parents and great mentors. I think that can make a huge difference.
Jerry is a young aspiring Internet Entrepreneur who started his online business at the age of 18. He is currently a Full-time Affiliate Marketer at Wealthy Affiliate, a community to help anyone start their own online business without prior experience. He actually achieved Financial Independence at the young age of 21. Read more about his story here!