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Cool headline, but given the population of China, we're probably talking children of the 0.001%
by gd1 11y ago
Cool headline, but given the population of China, we're probably talking children of the 0.001%
- k__ 11y agoWasn't "The 1%" really "The 0.001%" in the US already?
- 0xcde4c3db 11y agoPretty much. The bottom of the 1% is the elite of people who still actually work for a living, such as lawyers, dentists, and doctors.
- sulam 11y agoAnd software engineers. :)
- djhn 11y ago1% in terms of income, or in terms of wealth? A low-to-mid 6 figures household income? Definitely possible. 8 million net worth? You're gonna have to be a rather.. senior software engineer.
- nostrademons 11y agoOr picked the right startup to work for.
- sulam 11y agoI've heard numbers for the top 1% in wealth for Americans being more like $14M. At any rate, most doctors and lawyers I know get there by saving their 1% incomes, which software engineers can also do (although I think it's easier for a lawyer/doctor to get north of $300K than it is for a software engineer, excluding stock) And speaking of stock... you can get lucky that way, although you still need to save / diversify!
- cryoshon 11y agoThis is why wealth is a better measure than income in terms of inequality. It'd also help if people's first homes to own weren't counted, too. You'd see a real disparity.
- yakshemash 11y agoYu must be the new alias for milli
- sgustard 11y ago"The top 1% of Chinese families hold an average of $1.6 million in assets ... an annual income of $91,639 puts you in the top 1% in China" http://blogs.wsj.com/chinarealtime/2013/09/23/what-percent-are-you-in-china/ http://blogs.wsj.com/chinarealtime/2013/09/23/what-percent-a...