What is the 1% in money?

Wow, the “1%,” right? It’s like this mythical group, almost. You hear so much about them. But what does it actually take to be among the financial elite? Well, I was digging around, and get this: you’d need to be pulling in almost $800,000 a year! $788,000 to be exact. Can you even imagine? That’s a lot of zeroes. I mean, I know doctors and lawyers who make good money, but that’s another level entirely. It really puts things in perspective, doesn’t it? The top 5% isn’t exactly chump change either, somewhere around $290,000. Still a huge amount. These numbers are, I think, from the IRS, the 2021 data projected for 2024. Crazy, huh? It’s kind of mind-boggling to think about those income levels. Makes my salary look…well, let’s just say there’s room for improvement! I remember reading this story once about a guy who won the lottery – not even close to 1% money, but still a good chunk – and he ended up losing it all. It really makes you wonder, is it even about the money after a certain point? Maybe, maybe not. But hitting that near $800k mark? Definitely a different world.