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Also the top 1% covers everything from the very affluent middle class to billionaires - the distance from the least rich part of the 1% to the richest part span

by hnhg 1y ago

Also the top 1% covers everything from the very affluent middle class to billionaires - the distance from the least rich part of the 1% to the richest part spans billions, much greater than the rest of the distribution's 99%.

cloverich 1y ago
top 1% net worth is around 10 million says google. That's enough to live off and not need to work at any age. It's clearly not middle class.
- hnhg 1y ago
  It depends on where you are. There are parts of the USA where a 10 million net worth does not mean you are "yacht rich" (but certainly very comfortable).
  - ethbr1 1y ago
    No one has a right to live anywhere specific. That seems like an individual's problem rather than a government's.