People selectively underestimate how rich the world's richest people are, according to a study. Increasing income inequality in many countries is driven by steep gains among the top 1% of earners. In the United States, support for policies that would redistribute wealth has not increased since the 1970s, even as the share of incomes held by the top 1% of Americans jumped from 10% to 19%.
  • @[email protected]English
    2•2 months ago

    To me net worth makes the most sense. I do agree 1% isn’t as high as people think. When people talk about the 1% they are probably thinking more about the top 0.1% or even 0.01%.

    Looking just at the states with ~330 million people that would be 3.3 million 1%ers. Tons of people who never made huge salaries, but are great at saving and investing will be in that category.