San Diego Housing Market News and Analysis
OT: Net worth of top 1%
User Forum Topic
Submitted by HomeShopping on May 2, 2012 - 8:17pm
Lots of discussion about high incomes. I think high net worth is more interesting. It's a better measure of wealth.
If you believe the IRS, there are 1.8 million Americans with a net worth of at least $2 million, which would be just under 1% of the population. Seems like too low an estimate. Perhaps the IRS data is not complete. Or their assumption that estate tax returns represents the living population is not right.
What's your best guess at the threshold to make the top 1% of net worth?
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