Re:The 9.9 Percent Is the New American Aristocracy
by hobls on Monday May 28, 2018 @11:58AM
(#17173097)
edit: Whoops. My recollection of the article was quite wrong!
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No, the article states that the average wealth of the 9.9% is 1.2m. This is of course heavily influenced by people at in the top 1%; people in the 10th percentile are not all millionaires.
Re:The 9.9 Percent Is the New American Aristocracy
by dgreensp on Monday May 28, 2018 @12:13PM
(#17173178)
“As of 2016, it took $1.2 million in net worth to make it into the 9.9 percent; $2.4 million to reach the group’s median; and $10 million to get into the top 0.9 percent.”
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No, the article states that the average wealth of the 9.9% is 1.2m. This is of course heavily influenced by people at in the top 1%; people in the 10th percentile are not all millionaires.