How the Highest-Earning Millennials Made It to the Top of Their Generation
https://www.wsj.com/lifestyle/careers/millennials-money-careers-wealth-analysis-182a1ebb?gaa_at=eafs&gaa_n=AWEtsqcENGHviWXFKPlNVl69ISOum2dlg56RnE9KRWKrBpgS9or0rfX_IwaXCv0P_Bc%3D&gaa_ts=694da141&gaa_sig=kGTl9BpwYLjrCm2vM03jhyS248a_ggSjn2Od1nmlsnJndcf2jlygAB-2y0aoPVa7haGp-5ucRFpL3JPO2dzbvw%3D%3D
Posted by jvnpromisedland
3 Comments
[paywall](https://archive.is/20251225162338/https://www.wsj.com/lifestyle/careers/millennials-money-careers-wealth-analysis-182a1ebb#selection-2191.0-2191.74)
So I’m an outlier.
But fascinating. It will be interesting to see the variance of the economic outcomes overtime, since tech and finance likely have more job instability and more variance in annual earnings.
Healthcare is interesting, however. Unlike law, it’s not over saturated. And we continue to spend more and more on healthcare, as we get older and sicker. I wonder if we also need to look at Baumol’s in the presence of a relatively fragmented for-profit insurance market.
Google says:
> $212,000 in 1990 is worth approximately $525,500 in 2023
And to be top 5% in 1990:
> In 1990, to be in the top 5% of U.S. households, you generally needed an income well into the six figures, with figures around $100,000 to $150,000 or more (in 1990 dollars)
IMHO the article’s $212k seems too high & $300k low.