One more example of why income is not the right measure: Naples FL is always on these lists, a place I'm very familiar with. There are a few hedge fund types u

One more example of why income is not the right measure: Naples FL is always on these lists, a place I'm very familiar with. There are a few hedge fund types using Florida as a haven from state income tax, they have big houses on the beach. That's your 1% of Naples. Then there are tons of retired folks from across the wealth spectrum. Retired people can be quite well off and have a low "income."