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Reply to "The 1% in the household income and net worth distributions in the US in 2020"
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[quote=Anonymous][quote=Anonymous]I think people are not thinking through this. You will always have a higher percentile for income then net worth unless you have an inheritance or are older. Let’s say you are 40 and just started making a 98th percentile income, there is no way to have a 98% net worth without an inheritance or lottery type win when you were younger. Moving up in net worth takes years of sustained high income and market returns. If the 40 year old keeps making a 98% income for the next 20+ years then they have a chance of also having a 98% net worth or possibly even more.[/quote] Software engineers and entrepreneurs at startups that develop successful products will have higher net worth than income for most of their lives.[/quote]
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