So Are You A One Percenter?


Yes you are, if your household income was more than $1.2 million in 2012, about 41 times the average American income and in the top 0.1 per cent if your household pulled in $6.4 million. Better still you are in the top 0.01 per cent if your household made more than $30 million.

wealthymatters

US Wealth Distribution


wealthymatters

wealthymatters

The bottom nine-tenths of the 1 Percent club have about the same slice of the national wealth pie that they had a generation ago. The gains have accrued almost exclusively to the top tenth of 1 Percenters. The richest 0.1 percent of the American population has rebuilt its share of wealth back to where it was in the Roaring Twenties. And the richest 0.01 percent’s share has grown even more rapidly, quadrupling since the eve of the Reagan Revolution.

So where do they have their money?In real estate and bonds.So don’t underestimate their relevance to the wealthy.

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