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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Interesting..

I always believed the Fed Reserve numbers.  The real 1% might be twice what you think it is or half... that's a big difference.

https://www.financialsamurai.com/obtaining-a-top-1-net-worth-easier-than-ever/#:~:text=According%20to%20the%20October%202023,wouldn%27t%20provide%20false%20information.[/quote]

According to this, $5.8 million in the study is the threshold for 1st percentile for individuals, not households.

Double that to $11.6 million for a household.[/quote]

Lol it’s you again.  And you’re wrong.  [/quote]

Hmmm...not sure what you mean by again as that was my first post in this thread.  Also not sure why you think what I stated was wrong.

The Financial Samurai article states:

"To hold a top 1% net worth in America, according to Knight Frank, a person in 2024 must have a net worth of at least $5.8 million. This amount is at least $7.2 million lower than what the Federal Reserve believes is required to be in the top 1% net worth in America  [i.e., Federal Reserve says $13 million]....

"Perhaps the difference in top one percent figures lies in the Federal Reserve calculating the net worth of families, whereas Knight Frank calculates the net worth of individuals. After all, two individuals generally have a larger combined net worth than one individual. If a family consists of more than two individuals working from the Fed’s perspective, then the discrepancy between the data would be even larger."[/quote]

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