2 ms·
It seems there is a rule of thumb: the top 10% holds half of the assets. top 0.1% $23T (those with $46M) top 1% $52T top 10% $113T (t
by akomtu 9mo ago
It seems there is a rule of thumb: the top 10% holds half of the assets.
top 0.1% $23T (those with $46M)
top 1% $52T
top 10% $113T (those with $2M)
It also seems to apply to spending too: "Consumers in the top 10% of the income distribution accounted for 49.2%"
- etyhhgfff 9mo agoBetter calculate the mean not avg.