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Author: Subject: Who are the wealthiest 10% of Americans?
BDx13
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[*] posted on 9-29-2009 at 05:42 PM
Who are the wealthiest 10% of Americans?


This article is about the widening gap between the rich and the poor. No real surprise there, all things considered. But what I was surprised to learn was the threshold for the wealthiest 10% of Americans.

Don't post the answer, but throw out some guesses - how much do you think you have to make to be among the wealthiest 10% in the US?

http://finance.yahoo.com/news/US-income-gap-widens-as-poor-a...





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[*] posted on 9-29-2009 at 05:57 PM


It's probably not too high. There are 280 million people in America, so being in the top 10% means you're in a select group of only 28 million other Americans. I'll go with $250,000, though I think this is too high.



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[*] posted on 9-29-2009 at 06:00 PM


Real answer is much closer to what I thought. I'm actually surprised at how many fall into the income bracket of the 50-90%.



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[*] posted on 9-29-2009 at 09:44 PM


I would think $100 million.

I say this because of things "widening" and I just assume it is an insane amount.
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[*] posted on 9-30-2009 at 06:16 AM


I am SO disappointed in the Jews...

Ugh!!!...don't get me going...




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[*] posted on 9-30-2009 at 08:56 AM


I would have never thought I was in the top 10%!! This is very interesting.



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[*] posted on 9-30-2009 at 07:56 PM


if you're measuring income disparity wouldn't it be better to cite household incomes than individual incomes? Income disparity will continue to grow because the "rich" have a higher propensity to save and invest than the poor, therefore their income alone can create additional wealth while the poor can't do this, and if they did they would be investing such a little percentage of a relatively small income that the return on their investment would to little to pull them out of poverty in the short term. This also works in terms of potential losses, Forbes just released their 500 list and the list has lost 300 billion dollars and actually includes millionaires this year.
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[*] posted on 9-30-2009 at 08:02 PM


you're absolutely right. may of the statements in that article were a little unclear because the author shifted from individuals to households when making comparisons.




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