I added the wage data for each bracket to the OP for reference. I did have an error where I was dividing the Median and Top 5% annual wages by 40 instead of 52 to get the weekly wage. I fixed that and updated the OP. The average wage for the Top 5% in 2020 is $447,570 annually or $8,607 weekly, so for $16k tuition it would take 1.86 weeks of saving for a Top 5% earner. However the average tuition is $9349, so it would only take 1.09 weeks for a Top 5% earner to save that much.
I added the wage data for each bracket to the OP for reference. I did have an error where I was dividing the Median and Top 5% annual wages by 40 instead of 52 to get the weekly wage. I fixed that and updated the OP. The average wage for the Top 5% in 2020 is $447,570 annually or $8,607 weekly, so for $16k tuition it would take 1.86 weeks of saving for a Top 5% earner. However the average tuition is $9349, so it would only take 1.09 weeks for a Top 5% earner to save that much.