4 ms·

Just to throw a concrete number on this, extrapolating from Wikipedia, about $350k family income will put you above the 1% mark. I assume IPO-windfall would be

Just to throw a concrete number on this, extrapolating from Wikipedia, about $350k family income will put you above the 1% mark. I assume IPO-windfall would be considerably higher than that and maybe be at least top 0.1% that year ($2M+), which would be a different discussion. So, mathematically, the number must lie between 1% and 30% that will be in the top 1% over a 30 year career. The question that remains is where in that range, which gives a measure of economic mobility for a country.

anonymouskimmer 3y ago
For those calculating based on average house sales prices, I think the current threshold for a 1% income is just under $550k per year now in the USA. https://taxfoundation.org/data/all/federal/summary-latest-federal-income-tax-data-2023-update/ https://taxfoundation.org/data/all/federal/summary-latest-fe... > Income Split Point $548,336