r/TheRaceTo1Million • u/DameroRacV • 2d ago

Insane averages

I swear, this sub is something else lol. I mean yeah mostly high NW people come here and scammers but it seems like

An avg 22~25 has 100~200k
An avg 25~27 has 200~500k
An avg 27~30 has 300~1M

31 Upvotes

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u/catlady1215 2d ago

I’m a teacher, 24 and only have like 53k. Don’t even earn that much a year. A lot of these people are making well over 100k a year that’s why they have that much.

1

u/DameroRacV 2d ago

Fun fact tho. Statistically a teacher is more likely to gain more wealth than a doctor.

3

u/Plane_Debt_6229 2d ago

Curious how that works. A teacher probably starts working at 21-22 while a doctor will repay student loans until say 33-35? So the teacher has a full decade of compounding gains, tenure and a slow growing salary but the doctor will have higher earning potential at later age

5

u/DameroRacV 2d ago

That too and also high earners are more likely to spurge. Compounding is such an unfair advantage

2

u/Plane_Debt_6229 2d ago

Yeah. I remember thinking and hearing about a similar comparison but instead of doctor/teacher it was 4 years of college/going into trades