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Reply to "Top 1% of Retirees Have 16.7M"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]These “top x% have $y” studies are interesting, because they include the outsized mega rich, billionaires, etc. those must pull the numbers up a lot, when it comes to the average of the top 1% figures. I’m curious if you did the average of the top 99% to 99.95% and took off the very top 0.05% what the average would look like. I bet it’s much lower than $16M[/quote] The article notes that 16.7M is the 99th percentile. That means the poorest retiree in the top 1% has 16.7M. The fact that there are billionaires doesn't pull up this number because percentiles don't represent the average statistic of a group but the cut-off to be in that group.[/quote] Agreed. I posted the numbers for averages in general (not specifically retired people) and the "threshold" to enter the top 1% for the US population in 2023 was about 13M. (I posted the breakdown by age group, probably on the 1st or 2nd page of this thread.) [/quote]
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