Monday, September 26, 2016

My One Percent is richer than yours!

In America, following the “Occupy Wall Street” movement, we've been talking a lot about that rich “One Percent” of the population.

According to a recent study by the Economic Policy Institute, it takes a minimum yearly household income of $389,436 to belong to the club while the average earnings of America’s 1-percenters is $1,153,293, but this threshold varies a lot per region as a recent article in the New York Time just showed.

Around Jackson Hole, in Wyoming is where the richest of America’s 1-percenters live; its 1-percenters earn more than $2.2 million. New York County, or Manhattan, ranks second, with a $1.44 million, followed by nearby Fairfield County, in Connnecticut, with just under $1.4 million. On the oposite side of the spectrum, if your household makes just $97,000a year, you'll be a 1-percenter in Holmes County, Mississipi, or in Lamar County, Alabama!

Ski resorts counties are all doing well too and that of Summit, which is Park City's own, is ranked #5 nationally with an annual threshold income of $1,207,000 per family. We seem to even do better than San Mateo County, home of Silicon Valley where they earn at least $1.1 million.

Enough said, I need to go out to work now, if I want to be in the club!

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