Putting aside the household income for a moment: "Many" being able to report 6 figure incomes seems quiiiiite a stretch to me, 7 seems insane.
Do you have a source for this? Or can you define "many" some more?
Do you have a source for this? Or can you define "many" some more?
(Slightly over a quarter of households in the US have a household income over $100K as reported on tax returns. Household income for the purposes of credit application can be meaningfully higher than for adjusted gross income tax return concerns.)
it's 26.3% of households with incomes over $100K. I saw another estimate of 125 million households, so it could well be ~33 million households with >=$100K household income.
(I'm not so much quibbling with numbers as trying to get across that "it's a lot of people")