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Young and Rich: 45 Americans Under Age 26 Earned $10 Million or More
Forty-five single Americans under age 26 filed a tax return for gross income of $10 million or more for 2016.
06 Sep 2018, 09:04 AM IST 
A member of the media uses his laptop computer inside a business class seat of a passenger aircraft. (Photographer: SeongJoon Cho/Bloomberg)
(Bloomberg) -- They’re rolling in dough less than a decade out of high school.
Forty-five single Americans under age 26 filed a tax return for gross income of $10 million or more for 2016, based on data from the Internal Revenue Service. The number with earnings of $1.5 million or more in that age cohort reached a record 930.
About 1,400 under age 26 earned more than $1 million.
The data also show:
- More than 185,000 people under age 26 earned at least $75,000 -- enough to put them in the 1 percent club for their age cohort.
- An income of at least $40,000 was enough to put them among the top 7 percent of incomes. About 60 percent earned as much as $15,000.
To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net
To contact the editors responsible for this story: Kristy Scheuble at kmckeaney@bloomberg.net, Vincent Del Giudice
©2018 Bloomberg L.P.