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The volatility goes the other way too - Also 60% of Americans will be in the top 20% of income earners for at least two years during their lives, and almost 40%
by danielvf 9y ago
The volatility goes the other way too - Also 60% of Americans will be in the top 20% of income earners for at least two years during their lives, and almost 40% will spend at least two years in the top 10%.
- noahc 9y agoCan you provide a source for this?
- danielvf 9y agoSure! https://www.npr.org/sections/money/2014/05/05/308380342/most-americans-make-it-to-the-top-20-percent-at-least-for-a-while https://www.npr.org/sections/money/2014/05/05/308380342/most...
- bkohlmann 9y agoWhat you say is accurate, but income and wealth volatility are different things. Do you have any numbers about the percentage of Americans who will spend time in the top 20% or 10% of the wealth spectrum? I'd venture to guess wealth volatility is far lower.