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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]By this report

https://dqydj.com/top-one-percent-united-states/

For most of us, I think it's easier to qualify for Top 1% based on HHI, although relatively late in career. Networth is more tricky, as it depends on what risks you took in the market and if you got lucky with family money, real estate and individual stocks

1. The top one percent of household net worth starts at $13,666,778.

2. $591,550 is the cutoff for a top 1% household income in the United States in 2023. For a single earner, the cutoff is $407,500.

[/quote]

These two figures seem odd to me.  Either the $13.7MM is too high or the the $592k is too low.

I mean, if the top 1% of HHs have a $13.7MM NW, just the annual dividends and interest on that $13.7MM could almost = $592k.  So assuming those $13.7MM NW households are still working, wouldn't their income be far above $592k?[/quote]

No. You don’t understand the first thing about dividends and interest. Most large fortunes are in land, industries and stocks. Not in CDs. Very few stocks give generous dividends, and as an investor who seeks capital growth, it would a very bad idea to seek stocks bearing the most dividends. They’re on opposite sides!

So most high net worth individuals do not reap the crazy dollars in income from that capital that you think they do.

I know. I am in that sphere. [/quote]

Actually I do and there are plenty of good stocks and funds paying fairly good dividends.  A stock like VYM has shown very good capital appreciation and if one had been investing in an ETF like this say starting 10-15 years ago you would have received significant capital appreciation and be at like a 10% dividend yield if reinvesting all the dividends.

Land is not a great investment, so not sure where that came from.

Nobody mentioned CDs.[/quote]

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