Posts Tagged ‘OWS’

Think global: Are you in the 1% ?

March 15, 2012

If you’re a loyal HomaFiles reader, you bet you are.

Even the Wall Street Occupiers are the 1% by Global Standards 
 
According to HBR’s Daily Stat:

Many of the occupiers who have been decrying the wealth of the “1%” probably are the 1% if you look at it in a global context.

Because the developing world is so poor in comparison with the U.S., the cutoff for the global 1% is an income of about $34,000.

Reference: Foreign Policy

Thanks to Tags for feeding the lead

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How do the super rich earn their $$$$ ?

January 2, 2012

According to a recent report cited by the Mankiw Blog

Those folks in the top 1/10% – the super-rich – are:

  • 18% financial professionals
  • 7% lawyers
  • 6% medicine
  • 6% not working or dead
  • 4% real estate
  • 3% in arts, media, or sports

* * * * *

  • 42% are executives, managers, or supervisors in nonfinancial businesses
  •   More than half of the 42% are in closely-held (i.e. small) businesses.

  * * * * *

Ken’s Take: Over 75%  make their money the old fashioned way … they earn it.

Thanks to Tags for feeding the leading

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