Search results
Results from the WOW.Com Content Network
Country % of income of the richest 1% Albania 8.2 Algeria 9.7 Angola 15.2 Australia 9.1 Austria 9.3 Bahrain 18.0 Belgium 7.8 Benin 17.5 Bosnia and Herzegovina 8.9
Top 1%: $1,199,812 As you can see, you need an income well over three times the national average to crack the top 10%. It takes another $140,000 on top of that to make the top 5%.
Category. Total cohort wealth (share) Wealth per household. Average wealth. $154.39 trillion (100 percent) $1.17 million. Average wealth of bottom 50 percent
During the same time period, the 60% of Americans in the middle of the income scale saw their income rise by 40%. From 1992 to 2007 the top 400 income earners in the U.S. saw their income increase 392% and their average tax rate reduced by 37%. [33] In 2009, the average income of the top 1% was $960,000 with a minimum income of $343,927. [34 ...
From 1992–2007 the top 400 income earners in the U.S. saw their income increase 392% and their average tax rate reduced by 37%. [39] In 2009, the average income of the top 1% was $960,000 with a minimum income of $343,927. [34] [40] [41] In 2007 the top 1% had a larger share of total income than at any time since 1928. [34]
While the income of the top 1% varies, Forbes reported in 2023 that the bracket's minimum net worth is much higher — a cool $11.1 million.
One 2009 empirical analysis analyzed an estimated 15–27% of the individuals in the top 0.1% of adjusted gross income (AGI), including top executives, asset managers, law firm partners, professional athletes and celebrities, and highly compensated employees of investment banks. [27]
For those looking to have a more reasonable goal, a household net worth of $1.17 million will get you into the top 5%, and about $970,000 earning your household a spot in the top 10%.