Seeking Hobbes
Recycles dryer sheets
- Joined
- Apr 1, 2011
- Messages
- 103
With all of the hubbub concerning the Occupy Wall Street movement, I was curious about who the 1% really is...
I found this article which, I thought, put the 1% into a fascinating perspective. As you can imagine, there's a huge disparity within the top 1% of US wealth holders.
While many of us fall into the bottom half of the top 1%... the top half and even top tenth is where the serious wealth is.
I found it interesting that the author reaffirmed that the bottom half of the top 1% (while considered "wealthy" by many) is simply the effective minimum net worth required for retirement.
Who Rules America: An Investment Manager's View on the Top 1%
I found this article which, I thought, put the 1% into a fascinating perspective. As you can imagine, there's a huge disparity within the top 1% of US wealth holders.
While many of us fall into the bottom half of the top 1%... the top half and even top tenth is where the serious wealth is.
I found it interesting that the author reaffirmed that the bottom half of the top 1% (while considered "wealthy" by many) is simply the effective minimum net worth required for retirement.
Who Rules America: An Investment Manager's View on the Top 1%