Reply to How much do I need to earn per yr to be considered millennial one-percenter?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Top 1% of income is quite quite different from top 1% of wealth. To be in the wealthiest 1%, you need assets of more that 8.4 million. Superwealthy folks in this bracket own around a third of the US financial assests (wildly disproportionate to their share of the population).

The world's eight wealthiest people own the same amount of wealth as half of the human population.

These are the true measures of income inequality[b]. A 30 yo earning +100K is upper middle class.[/b][/quote]

Nah. A [b]household[/b] earning 100k is already richer than 76% of households in the country. An individual earning that much is not middle class except in his or her head.[/quote]

They are absolutely still middle class.  You don't start getting into the true upper class until you get into the top 3% range (or around there)

And it's always been that way.  Class has never been divided into equal thirds.  It's always been that the upper class occupies a tiny group or percentage of the population [/quote]

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