Being in the top one per cent nationwide requires you to have a household income of $383,001. These people are affluent but they aren’t exactly fat cats.
But the top one per cent in the following 10 cities is loaded, according to Sentier Research.
The highest cutoff is in Stamford, Conn. — America’s hedge fund capital — where you need a household income of $906,006 to be in the top one per cent. That’s right, you could bring home $900,000 and still be grouped with the 99 per cent.
Here are the cities where it means something to be in the 1 per cent:
What people should be talking about when it comes to inequality is the upper 0.1 per cent, which has seen really impressive income gains in recent decades.
[Chart provided by Sentier Research, which tracks information about household income arount the country.]
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