Are You In The 1%? Find out Here.

October 19th | by Hillary Reinsberg

There’s a lot of confusion about Occupy Wall Street — “What is this movement even about?” many have asked. But what about that message of the 1% versus the 99%? What, after all, makes you part of the 1%? It’s actually less than you may have thought.

The Wall Street Journal put together a “percentage” calculator that allows you to enter your annual household income and find out what percentile you fall it.

So what does it take to be a part of the 1%? Around total household income $507,000 a year. Though half a million dollars a year is a huge amount, it’s important to recognize this means the 1% isn’t just relegated to famous Wall Street CEOs. There are bankers and traders in their late 20s Wall Street who easily make that much. Surgeons and dentists can make that much as well. We don’t want to politicize anything here — it’s just something worth noticing and observing.

Interestingly, there was debate a few years ago about a $500,000 a year “salary cap.” There was lots of outrage over it, but if you think about it, it theoretically only would have affected just over 1% of people. Again, just interesting to observe.

1% aside, wondering how you might stack up? What percentage do you fit in to?

Even those not making half a million are still in higher percentiles than you might expect. $1,000,000….$99.5%
$250,000…..96%
$100,000…..81%
$50,000……56%
$30,000……37%
$20,000……25%

The 50% mark, by the way, is at $43,000. Are you surprised by where things really fall?

via Are You In The 1%? Find out Here. | Mogulite.

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