this post was submitted on 23 Jan 2024
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Tax the rich (lemy.lol)
submitted 8 months ago by [email protected] to c/[email protected]
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[–] [email protected] 9 points 8 months ago (1 children)

Even with the value of your house and 401k, it's still very hard to believe. I just did a quick Google search and the 90th percentile in 2001 is 1.6 million, which seems more accurate.

[–] [email protected] 7 points 8 months ago (1 children)

The top 10% includes all the people in the top .01% which skews the average higher. You might only need about 1.6 million to be in the top 10% but the average will be higher.

[–] [email protected] 1 points 8 months ago

Ah, that makes sense. Appreciate the explanation.