3 ms·

I think the story might be more in the variance rather than the mean. Sure, those in the 90th percentile make only a little more, what about the 99.99th percent

I think the story might be more in the variance rather than the mean. Sure, those in the 90th percentile make only a little more, what about the 99.99th percentile? My guess is that the ultra elite still have huge amounts of wealth and the statistic was diluted with a large sample set.

nerdponx 8y ago
You could at least partially address this concern with a non-parametric model of wealth ranking instead of absolute wealth level.