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Encyclopedia > Six figure income
Luxury vehicles are some of the most common status symbols in western society and are often associated with six figure income households or persons.
Luxury vehicles are some of the most common status symbols in western society and are often associated with six figure income households or persons.

Six figure income is a term used most commonly in the United States and Canada to describe individuals or households whose income exceeds one hundred thousand dollars a year. Six-figure incomes are often seen as a great status symbol and one of the primary symbols of economic success.[1] In the United States 15.8% of all households had annual incomes of $100,000 or more.[2], many of whom also had a net worth of over one-million dollars.[3] These households are sometimes viewed as being above middle class, as the middle class is defined as having annual incomes between $25,000 and $100,000.[4] ImageMetadata File history File links Download high resolution version (1226x576, 642 KB) Summary 1998 - 2002 Lincoln Town Car Picture by Gerdbrendel for Wikipedia Town Car article Licensing I, the creator of this work, hereby release it into the public domain. ... ImageMetadata File history File links Download high resolution version (1226x576, 642 KB) Summary 1998 - 2002 Lincoln Town Car Picture by Gerdbrendel for Wikipedia Town Car article Licensing I, the creator of this work, hereby release it into the public domain. ... A luxury vehicle is a vehicle which provides a great abundance of ease and comfort. ... The term Western world or the West can have multiple meanings depending on its context. ... A household refers to those who live in the same house, who may or may not make up a family. ... The median household income in 2003 according to the US Census Bureau was determined to be $43,389 a year[1] with the median income per household member being $23,535. ... Net worth (sometimes net assets) is the total assets minus total liabilities of an individual or company. ... A millionaire is a person who has a net worth or wealth of more than one million United States dollars, euros, British pounds or units of a comparably valued currency. ... The median household income in 2003 according to the US Census Bureau was determined to be $43,389 a year[1] with the median income per household member being $23,535. ...


See also

The median household income in 2003 according to the US Census Bureau was determined to be $43,389 a year[1] with the median income per household member being $23,535. ... The median household income is commonly used to provide data about smaller geographic areas. ... The Lorenz curve was developed by Max O. Lorenz in 1905 as a graphical representation of income distribution. ... This graph shows the American definition of social class according to the New York Times using the quintiles as measurement for class. ... Upper class refers to a group of people at the top of a social hierarchy. ... A millionaire is a person who has a net worth or wealth of more than one million United States dollars, euros, British pounds or units of a comparably valued currency. ... Income, generally defined, is the money that is received as a result of the normal business activities of an individual or a business. ...

References

  1. ^ Market Wire, stating six-figure incomes as a symbol of success. Retrieved on 2006-06-30.
  2. ^ US Census 2005 Economic Survey, income data. Retrieved on 2006-06-29.
  3. ^ CNN money, number and percentage of millionaire households. Retrieved on 2006-06-30.
  4. ^ USAToday, the definition of middle class income. Retrieved on 2006-07-14.

 
 

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