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The Top 0.1% of Americans...in terms of Net Worth.
invite response
2011 Feb 2, 12:00pm 4,185 views 8 comments
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There was a good article in the Atlantic about just this last month.
http://www.theatlantic.com/magazine/archive/2011/01/the-rise-of-the-new-global-elite/8343/
The summary at the top is actually pretty good takeaway from the article:
F. Scott Fitzgerald was right when he declared the rich different from you and me. But today’s super-rich are also different from yesterday’s: more hardworking and meritocratic, but less connected to the nations that granted them opportunity—and the countrymen they are leaving ever further behind.
American in Japan
2011 Feb 14, 11:01am
Thanks for the comments so far.
This may be an important discussion, since this 0.1% has enormous influence over the lives of nearly all Americans. What do others think?
Â¥
2011 Apr 5, 7:42am
One thing I just noticed is that the median household income is ~$50,000 but the average household income is over $100,000. Just shows how skewed the distribution is.
American in Japan
2011 Apr 5, 11:25am
>One thing I just noticed is that the median household income is ~$50,000 but the average household income is over $100,000. Just shows how skewed the distribution is.
More than I had thought...
American in Japan
2011 Apr 6, 11:43am
It is plenty of my business when people from this group have a big influence on the US government spending/taxation with massive lobbying dollars.
I am not blasting everyone in this group, but looking for an analysis, learn how they are investing as well as looking at the whole system to see how they contribute or hamper society.
A curiousity post...
$21,479,000 was their average net worth in 2006 (Forbes 400-sorry it's out of date). I would guess this amount has increased steadily for this group to the present.
Who are they? Is their wealth inherited in most cases? Where did they start out... average, somewhat rich or very rich. Are there many very highly skilled inventors innovators in this group? How do they make life better or worse for the majority of Americans (the other 99.9%)--again focusing on net worth. Would those with more knowledge than myself comment.