Wharton, one of the best business schools in America, is obviously populated with students who haven't lived in the real world for a while, if ever. Over 25% guessed >$100,000 and one student guessed $800k. The real number: ~$53k. (
https://www.marketwatch.com/story/n...ot-make-800-000-11642680985?mod=mw_latestnews)
I'd be really interested to know if any of these 'elite' students who represent the best and brightest of business students in America have ever held a job (outside a work/study)? They may have discovered that not everyone goes to the country club every weekend, the Hamptons for holiday, owns multiple homes, drive a new $50+k car, etc.
And then we wonder why our political leaders (of both stripes) who've gone to private schools and elite universities, have so little perception of how their constituents live and the most important issues to them. I guess if everyone you know all live like royalty, you come to believe that that is the norm.