Young and rich: 45 Americans under age 26 earned $10m or more
File image
INTERNATIONAL – They are rolling in dough less than a decade out of high school.
The young and single.
FILE PHOTO: American dollar notes are seen in this picture illustration
The young one percent.
The top earners.
Forty-five single Americans under age 26 filed a tax return for gross income of $10 million or more for 2016, based on data from the Internal Revenue Service. The number with earnings of $1.5 million or more in that age cohort reached a record 930.
The young and single.About 1,400 under age 26 earned more than $1 million.
FILE PHOTO: American dollar notes are seen in this picture illustrationThe data also did show:
More than 185,000 people under age 26 earned at least $75,000 — enough to put them in the 1 percent club for their age cohort. An income of at least $40,000 was enough to put them among the top 7 percent of incomes. About 60 percent earned as much as $15,000.
The young one percent. The top earners.– BLOOMBERG
Source: iol.co.za