I assume you got this from the Investopedia article [1]? This seems a little disingenuous, no? To make the top 1% in terms of income, yes, it's $32k/year but t

I assume you got this from the Investopedia article [1]? This seems a little disingenuous, no? To make the top 1% in terms of income, yes, it's $32k/year but to make the top 1% in terms of wealth you would need $770k in net worth, well beyond most Americans, even with assets such as an iPhone and a Starbucks coffee. [1] https://www.investopedia.com/articles/personal-finance/050615/are-you-top-one-percent-world.asp https://www.investopedia.com/articles/personal-finance/05061...