Composition Of Top 1% US Income By Type
#4 Off Topic Contributor
- Investor
- Round Rock, TX
I found this chart recently while tooling around online:
I found it a bit disconcerting because it basically represents that about 3 in 1000 people derive more income from capital than from labor in our country. That seems pretty small, but does seem to align with my experience over the last 15 years.
Do you all feel like this chart is accurate? Would the chart change materially if the abscissa was measured with different units? It is unclear whether these units are income dispersion or wealth dispersion.
Any thoughts? Since most people on this site are hoping to achieve financial independence this seems like a good topic to discuss.
Most Popular Reply
It has always been shown since the very beginning that it was only a matter of time before labor income would take a nose dive. This is a direct result of globalization. Many of the labor intensive jobs are no longer here. People in America who are on the Capitalist side of the spectrum tend to fair well nowadays.
Nice chart! Love Texas by the way. I was there with my wife last year (we were by Dallas).