Is a six-figure salary a good income source?

While a six-figure salary is an active income source, there’s an increasing emphasis on the power of passive income, especially for those eyeing early retirement or more financial flexibility. Whether through dividend stocks, real estate investments, or even digital ventures, creating passive income streams can be a game-changer.

How many people make a six-figure income in 2023?

33,510,143 workers, or 18.8% of all individual workers, made a six-figure income. How many people made $250,000 or more in 2023? 4,946,579 workers, or 2.78% of the workforce, made a quarter million or more in income. How many people made $500,000 or more in 2023?

Would you ever get a six-figure salary?

Over a third said they didn’t believe they would ever achieve a six-figure salary. Thirty-one percent of both millennials and Gen X-ers didn’t believe they would ever pull in $100,000 or more. Unsurprisingly, the number rose for older generations: 36% of baby boomers were downbeat about a potential six-figure salary.