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The top 10% is not a static category. People move in and out all the time as a result of ordinary life changes (rising income as you enter prime working years,
by chmod600 5y ago
The top 10% is not a static category. People move in and out all the time as a result of ordinary life changes (rising income as you enter prime working years, selling assets to buy a house, selling a house, job loss, etc.).
It doesn't really make sense to be mad at the 10%, because it will probably include you or others in your family unless you are really stuck.
And there are a lot of people who are stuck. Let's not diminish that. But we will never address that if we are conflating them with young people who just happen to have a low income today but have every reason to see themselves in the middle class.
- pedrosorio 5y ago> People move in and out all the time as a result of ordinary life changes (rising income as you enter prime working years, selling assets to buy a house, selling a house, job loss, etc.). The article refers to the top 10% wealthiest, everything you mentioned is related to income.