Comment by red-iron-pine
2 days ago
It is a selection bias, plus perception that the people with more (the 0.01%) are a lot more common. "I dream of being rich, and to me rich is..."
More specifically:
To be in the top 10% of earners in the USA, you need an annual income of at least $148,812
To be in the top 5% of earners in the USA, you need an annual income of at least $352,773
The median salary in the USA is approximately $59,428 per year
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