When I hear someone say ‘income inequality must not be that bad since you only need a few $100,000 to be in the top 1%.’ 
This is correct, if you make approximately $343k, you are technically the 1%. (CNN/Money

However, that misses the full wealth disparity issue.

To see where the money is, you need to look into the top 0.5%, 0.1%, 0.01%, and lastly the top 0.001%.

  • Top 1% = $368,238 (20.9% of income)
  • Top 0.5% = $558,726 (16.8% of income)
  • Top 0.1% = $1,695,136 (10.3% of income)
  • Top 0.01% = $9,141,190 (5% of income)

(If this is interesting to you in the slightest, you should pick up Twilight of the Elites: America after Meritocracy by Chris Hayes.

[Chart: Catherine Mulbrandon, An Illustrated Guide to Income in the United States]

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  28. adenostoma said: Thanks for posting! Are those numbers household income or individual income?
  29. blondewonk posted this