4 ms·
If you relax the constraint a bit and replace top 1% with top 5%, then almost 40% of Americans will make it at some point. And 12% of them will hit the top 1%.
by evanpw 12y ago
If you relax the constraint a bit and replace top 1% with top 5%, then almost 40% of Americans will make it at some point. And 12% of them will hit the top 1%.
Source: http://www.nytimes.com/2014/04/20/opinion/sunday/from-rags-to-riches-to-rags.html http://www.nytimes.com/2014/04/20/opinion/sunday/from-rags-t...
- ryandrake 12y agoCool follow up link, however it distinguishes between the difficulty of reaching the 1%/5%/etc. for a single year vs. sustaining this state. I'd argue the concept of "being one of the 1%" implies being able to sustain this level for longer than a year.