Tag: top 1%

America’s 1% hasn’t had this much wealth since just before the Great Depression

Via Marketwatch

It’s not fashionable to wear flapper dresses and do the Charleston, but 1920s-style wealth inequality is definitely back in style.

New research says America’s ultra-rich haven’t held as much of the country’s wealth since the Jazz Age, those freewheeling times before the country’s finances shattered. “U.S. wealth concentration seems to have returned to levels last seen during the Roaring Twenties,” wrote Gabriel Zucman, an economics professor at the University of California, Berkeley.

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This Map Shows the Average Income of the Top 1% by Location

If you cheap bastards would just donate a few hundred thousand to TBP, I could make the top 1%. Let’s do it!!!!

Courtesy of: Visual Capitalist

This Map Shows the Average Income of the Top 1% by Location

To be considered in a top 1% earner in the United States, the magic number that must be reached is $521,411 per household.

However, it turns out that on a county level, the income of the Top 1% varies wildly based on location. For example, if you want to be in the “1% Club” in New York City, you’re going to have work extremely hard, get very lucky, or preferably, manage some incredible combination of those two things.

Meanwhile, if you want to be in the crème de la crème of the social scene in Jackson, Kentucky or Chattahoochee, Georgia, things might seem a little more realistic. In fact, if you’re doing well for yourself, you may even be able to do it based on your income today.

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