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Top 1% by income or by wealth. The former is less meaningful as it ignores your cost of living.
by chgs 2y ago
Top 1% by income or by wealth.
The former is less meaningful as it ignores your cost of living.
- iLoveOncall 2y agoIncome, like the article used.
- fancyfredbot 2y agoThe proportion of people who will be in the top 1% of annual income for at least one year of their lives is quite high. I am too lazy to look it up now but I think it's about 20%. The majority of people who earn a top 1% income only manage to do so for a short period. As a consequence the overlap between top 1% by income and by wealth is small. They are (broadly speaking) different groups.