Hm - well, according to this: http://graphics.wsj.com/what-percent/ 200k/year put you in the top 2% just a few years ago.
WSJ's number is individual not household, and ignores people making $0, most of home are likely in a household with an income-earner.
Well, you weren't either so it seems fair. "1 in 20 people make over 200k / year" -> As you probably meant full income earners it would be interesting to see what it would be if measured actually for "people".
So, they may not be making 420k exclusively from their job, but 200+k / year is surprisingly common.