4 ms·

edit: Whoops. My recollection of the article was quite wrong! ---- No, the article states that the average wealth of the 9.9% is 1.2m. This is of course heavi

by hobls 8y ago

edit: Whoops. My recollection of the article was quite wrong! ---- No, the article states that the average wealth of the 9.9% is 1.2m. This is of course heavily influenced by people at in the top 1%; people in the 10th percentile are not all millionaires.

dgreensp 8y ago
“As of 2016, it took $1.2 million in net worth to make it into the 9.9 percent; $2.4 million to reach the group’s median; and $10 million to get into the top 0.9 percent.”