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What is the combined yearly income of the top 1%?
If you add all the money that the top 1% earns, what will that total be?
Alecon- that is the kind of answer I found on my own. I don't want to just know what the yearly salary range of the top 1% is. I want to know the total - the sum.
Not only does this not give me the answer, it doesn't give me enough info to figure out the answer.
ex - If you told me the number of people (or households) that were in the top 1% AND you told me the average yearly income of those people (or households) then I could multiply those two numbers together and come up with a reasonable estimate of the total income of the top 1%
2 Answers
- AleconomixtLv 79 years agoFavorite Answer
Household income distribution
Source: US Census Bureau, 2006; income statistics for the year 2005
Bottom 10% $0 to $10,500
Bottom 20% $0 to $18,500
Bottom 25% $0 to $22,500
Middle 33% $30,000 to $62,500
Middle 20% $35,000 to $55,000
Top 25% $77,500 and up
Top 20% $92,000 and up
Top 5% $167,000 and up
Top 1.5% $250,000 and up
Top 1% $350,000 and up
- simplicitusLv 79 years ago
About 20% of total national income
http://cbo.gov/sites/default/files/cbofiles/attach...
This page says mean (not median) household income is $60.5K and if you do a little, addition, you can get the number of households too:
http://en.wikipedia.org/wiki/Household_income_in_t...
So now that you have all the data you need, you can stop kvetching and start spending your time learning to do web searches.
