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I suppose you could apply that to the "top 1%" group as well .. people are constantly entering and leaving that category.
by HPsquared 4y ago
I suppose you could apply that to the "top 1%" group as well .. people are constantly entering and leaving that category.
- coldtea 4y agoOnly when it comes to wages. When it comes to wealth, the 1% of wealth arrive there and stay there (their families) for centuries... The 1% from wages is their high-level employees That said, I pretty much doubt the 1% of wages is that volatile too...
- Retric 4y agoPeople tend to fall out of top 1% income earners for all kinds of things like retirement. However, for a great many things it’s lifetime earnings or wealth that matter. A billionaire who lost money this year isn’t the same as a poor person.