6 ms·

so if the rest of us took a hit and just crashed the market we could even the playing field? asking for a friend who is into stonks. :) </s>

• tomschlick 5y ago
  > and just crashed the market we could even the playing field? Yeah and you'd crash the entire middle class's retirement accounts.
• bellyfullofbac 5y ago
  The rest of us? If you earn more than $201K you're in the top 10%[1]. I wonder what percentage of HN earns more than that. The site also says 33% earn more than $100K. I guess the majority of the leftover 11% is owned by the people in the 10%-33% bracket. [1] https://dqydj.com/household-income-percentile-calculator/ https://dqydj.com/household-income-percentile-calculator/
  • mtnGoat 5y ago
    my comment was sarcasm/rhetorical, 11% cant tank 89% of a market. however, to answer your question, i would guess the majority of US based HN readers are in that 100k+ bracket. the audience here skews very high income i would guess.
  • bgentry 5y ago
    You're conflating income and wealth; the latter is what this article is about. If anybody finds a reliable recent source for this wealth data, please share. I'm not seeing anything particularly trustworthy with a quick search.
    • bellyfullofbac 5y ago
      https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#quarter:127;series:Assets;demographic:networth;population:1,3,5,7;units:shares https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr... Hopefully the Fed is trustworthy enough... 90% to 99% own 35.8% of all assets, and, the remaining 1% own 29.2%. So the top 10% own 65% of all assets.
      • GaryTang 5y ago
        So the top 1% owns almost as much as the 1-10%, wow!
  • bobbyi 5y ago
    That is household income. A lot of households have two adults with jobs, so don't conflate that number with what an individual makes.