Salaries of the Rich and Wealthy
Federal Reserve Shareholders (aka global elite?): Unknown but the Fed owns 4.5 trillion in assets so the shareholders’ wealth makes even the top 1% look poor.
Top 1%: $423,090
Top 10%: $157,479
Notice these numbers are flawed if the top 10% includes the top 1%.
If salaries were grades then even 100k means you’re a B student.
Although these official salary figures are dismal for the majority of Americans, the average starting salary for our tech graduates at BYU puts them above 80% of the nation.
As an entrepreneur supporting a family of nine, my annual salary has varied from no income to six digits. When we suffered through very difficult financial times, rather than reward us for paying off debt, credit accounts were automatically closed, keeping our credit score in the low 600s.
In other words, although failed entrepreneurs are more likely to succeed in the future, once they fail it is almost impossible to recover and get capital.