Re:Researchers answer a question about the decline of the mi...
by sp332 on Monday May 08, 2017 @03:04PM
(#14294539)
In a CNBC Millionaire Survey it can be observed that a majority of millionaires polled, representing the wealthiest 10 percent of Americans, described themselves as middle class (44%) or upper middle class (40%)... Estimates for the size of this group [upper class] commonly vary from 1% to 2%, while some surveys have indicated that as many as 6% of Americans identify as "upper class." https://en.wikipedia.org/wiki/American_upper_class
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Re:Researchers answer a question about the decline of the mi...
by ryandrake on Monday May 08, 2017 @04:01PM
(#14295047)
And on the contrary, (in an oldish article), 19% of Americans believe they are in the top 1% of income earners, and 20% more believe they will one day be [1].
1: http://www.nytimes.com/2003/01/12/opinion/the-triumph-of-hop...
Re:Researchers answer a question about the decline of the mi...
by labster on Monday May 08, 2017 @03:29PM
(#14294779)
That might well be accurate. Class and income are not the same thing. A college professor is upper class even if they don't make millions, because of connections and authority. Likewise, "a single-digit millionaire doesn't have effective access to the legal system."