Even the average college grad’s earnings are thought to be $2.4million over their lifetime. This means they AVERAGE $53k per year. This is pretty close to the median income for the US.
I am a college grad, as is my wife. We were making the median income for earners when we were 30-35. That gave us 30 years of above median income before retirement.
Again, these numbers seem to be applied to college grads who are working low income jobs. That doesn’t tend to be how it works.
I guess if you assume these are all single earning households, it might apply. But the traditional American Dream calls for a family. That’s more than one person earning.
The last 10 years I’ve earned ~ $1.7 million. The math adds up...
Kids in their 20s - 30s are earning $100k...