MEME : One Million Dollars

"a million dollars isn't exactly a lot of money these days"—Number Two

A million dollars is actually a vast sum. This table shows how long americans with median [1] pay would have to work and save 100% at present rates to earn one million dollars. In 2006, there were approximately 116,011,000 households in the United States._ibid.

In 2007, the median annual household income rose 1.3% to $50,233.00 19.9 years

The real median earnings of men who worked full time, year-round climbed between 2006 and 2007, from $43,460 to $45,113. 22.2 years

For women, the corresponding increase was from $33,437 to $35,102. 28.5 years

The median income per household member (including all working and non-working members above the age of 14) was $26,036 in 2006. 38.4 years

Households in the top quintile, 77% of which had two or more income earners, had incomes exceeding $91,705. 10.9 years

Households in the mid quintile, with a mean of approximately one income earner per household had incomes between $36,000 and $57,657. 27.8 and 17.3 years

Households in the lowest quintile (20%) had incomes less than $19,178 52.1 years

and the majority had no income earner. 1,000,000 years could pass long before a lowest quintile majority household accumulates one million dollars.

In 2006 1.93% of all households had annual incomes exceeding $250,000 4 years or less

In 2007, the median annual household income rose 1.3% to $50,233.00	19.9 years
The real median earnings of men who worked full time, year-round climbed between 2006 and 2007, from $43,460 to $45,113.	22.2 years
For women, the corresponding increase was from $33,437 to $35,102.	28.5 years
The median income per household member (including all working and non-working members above the age of 14) was $26,036 in 2006.	38.4 years

Households in the top quintile, 77% of which had two or more income earners, had incomes exceeding $91,705.	10.9 years
Households in the mid quintile, with a mean of approximately one income earner per household had incomes between $36,000 and $57,657.	27.8 and 17.3 years
Households in the lowest quintile (20%) had incomes less than $19,178	52.1 years
and the majority had no income earner.	1,000,000 years could pass long before a lowest quintile majority household accumulates one million dollars.
In 2006 1.93% of all households had annual incomes exceeding $250,000	4 years or less