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Even if we're talking about wealth and not income, the amount necessary to be in the top 10% wealth is...not that much. It's about $800,000 in net worth: https
by bhupy 5y ago
Even if we're talking about wealth and not income, the amount necessary to be in the top 10% wealth is...not that much.
It's about $800,000 in net worth: https://dqydj.com/net-worth-percentile-calculator-united-states/ https://dqydj.com/net-worth-percentile-calculator-united-sta...
This is largely attainable for the majority of Americans when you factor in the value of one's home, retirement accounts, and general lifetime savings. Keep in mind we're not talking about how much net worth the majority of Americans have at any snapshot-in-time, we're talking about the maximum net worth attainable in one's lifetime, and what that looks like for the majority of Americans.
There's absolutely no evidence that the top 10% wealth holders has been a static group of people over the last 60 years.