Top 1% of capital owners are just mostly very old people with comparatively little income. Indeed. Someone who bought their house in the 70s or 80s and has now

Top 1% of capital owners are just mostly very old people with comparatively little income. Indeed. Someone who bought their house in the 70s or 80s and has now paid off their mortgage and also been contributing to a pension fund for a 40-year working life could easily retire with a “net worth” of $770k. It would be a stretch to count them as “rich”.