3 ms·
So the top 1% of income is currently ~$570k. The vast majority of people will never see that. But more relevant is the top 1% of net worth is currently ~$11.6M
by jmyeet 10mo ago
So the top 1% of income is currently ~$570k. The vast majority of people will never see that.
But more relevant is the top 1% of net worth is currently ~$11.6M [1], which is vastly more unattainable.
Also, the net worth of the bottom 99% is skewed by house prices. You might be sitting on a house worth $1M but when every other house also costs $1M and you have to live somewhere, you don't really have a net worth of $1M.
[1]: https://finance.yahoo.com/news/among-wealthiest-heres-net-worth-173043075.html https://finance.yahoo.com/news/among-wealthiest-heres-net-wo...
- llmslave2 10mo agoIn the states, yes. But globally it's like ~$35k. I don't know how that particular poll was worded, but in general if your a politician who rails against the top 1%, you might suffer from the fact that people have widely varying conceptions of who the 1% are.
- jmyeet 10mo agoIt was about the American presidential election. The audience was Americans. About America.