Nicole Lapin
Who the Heck Are the “Top 1%”?!!


In case you missed my CNN segment on it, here are 5 things you need to know:

1. To get into the “top 1%” of Americans you don’t need to be a billionaire or millionaire or half-millionaire. The minimum wage earners in that group make about $343k/year.

2. Financial services professionals (a.k.a. “Wall Street”) average $311k/year — so they technically don’t make it into the top 1% if you look at the mean.

3. Financial services professionals don’t actually make up a majority of the “top 1%” of Americans.

4. The biggest chunk of the “top 1%” are executives and managers outside financial services at 31%; medical professionals make up 16%; financial services professionals make up 14%; 9% lawyers.

5. The “top 1%” of wage earners earn 17% of the nation’s income.


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