Top one percent

[Anonymous]

5.8 million is still DCUM poor. You need at least 10 million to even be comfortable. That gives 400k a year which is middle class, barely.

[Anonymous]

Top 1% by net worth is kinda a pointless metric. It will mechanically include retired people, CEOs, and people with lots of real estate. For purposes of the “working” middle class (this includes DCUM frequent flyers like lawyers doctors etc that must work for a living), percentile by household income is much more valuable

[Anonymous]

Anonymous wrote:Top 1% by net worth is kinda a pointless metric. It will mechanically include retired people, CEOs, and people with lots of real estate. For purposes of the “working” middle class (this includes DCUM frequent flyers like lawyers doctors etc that must work for a living), percentile by household income is much more valuable

Huh? We’re not talking about the working middle class. We’re talking about the top 1 percent.

[Anonymous]

Omg not another post that devolves into how do you calculate net worth. Please lock his thread.

[Anonymous]

Anonymous wrote:5.8 million is still DCUM poor. You need at least 10 million to even be comfortable. That gives 400k a year which is middle class, barely.

You assumed they all retired, which is false.

[Anonymous]

Anonymous wrote:5.8 million is still DCUM poor. You need at least 10 million to even be comfortable. That gives 400k a year which is middle class, barely.

Try to be more original. 🥱

[Anonymous]

Anonymous wrote:I’m a poor. Only 1.2 million NW.

I’m a DCUM poor, too. 1.4M NW.

I still get plenty of privilege shaming, but I’m poor to the upper classes of DC, too, so I spend a lot of time doing my own thing.

[Anonymous]

15M here.

Still living like the poors we once were, and happily so.

[Anonymous]

Anonymous wrote:DCUM: always giving me something to strive for.

Just curious, how do you calculate your net worth?

If you died tomorrow, would society be better or worse off?

[Anonymous]

5.8 million?
We have that in our 50s with only 300s HHI, no family money, can’t believe that’s 1%

[Anonymous]

Anonymous wrote:5.8 million?
We have that in our 50s with only 300s HHI, no family money, can’t believe that’s 1%

+1

I think a lot of people do not save money regularly and also like to spend a lot of money. I have amassed a lot without a high income simply because I do not have a penchant for spending and learned to invest early.

[Anonymous]

I understand why the “top 1%” and such are useful ways to help people understand wealth gaps or policy or whatever, but I don’t see how the specifics matter.

[Anonymous]

Well more than that but it took almost 40 years to get there.

[Anonymous]

Anonymous wrote:5.8 million?
We have that in our 50s with only 300s HHI, no family money, can’t believe that’s 1%

Why not? Considering the average person in the US can’t afford a $500 emergency expense, how could you not think $5.8MM is top 1%?

[Anonymous]

Anonymous wrote:

Anonymous wrote:DCUM: always giving me something to strive for.

Just curious, how do you calculate your net worth?

If you died tomorrow, would society be better or worse off?

Worse, since I'm a stay at home mother.