George Kamel: Here’s What Puts You in the Top 10% of Americans

Core Insights - The article discusses the financial benchmarks for being in the top 10% of Americans, focusing on income, emergency savings, and retirement savings [1][2]. Income - To be in the top 10% of earners in the U.S., an individual must earn at least $234,769 annually, which is nearly three times the median income of $80,020 [3]. Emergency Savings - Approximately 49% of Americans have $1,000 or more in emergency savings, with a median emergency savings balance of $10,000. To be in the top 10% for emergency savings, an individual would need around $20,000 or more [5][6]. Retirement Savings - To be among the top 10% of retirement savers, an individual needs at least $460,000 in retirement accounts, while the median retirement savings amount is only $13,000 [7].