6 Figure Salaries and the Myth of the American Dream
Explaining A Six Figure Salary
In today’s world, it can seem like everything is getting more and more expensive. We have a war in Asia directly affecting the price of our Tesla’s, we have drug cartels limiting the avocado supply, and inflation is doing its best Miley Cyrus impression and coming through like a wrecking ball.
All of this being said, however, the economic conditions we’re in today have given rise to some of the most leverage the American worker has ever had. Talent is now in short supply, and companies are doing whatever they can in order to get great employees through the door, including paying out the nose for them.
As a quick note, you’ll usually hear these terms of six, seven, eight and nine figures in reference to net worth, rather than a paycheck. Having a six figure net worth is actually pretty common, while having a six figure salary is really not. However, since it’s way more fun to look at high paying jobs rather than someone’s personal balance sheet, let’s do that instead.
Today, let’s cover what a these salary ranges actually mean, who makes all this money, and why it might not matter anymore.
Related: How I Doubled My Income In One Year