No one wants to be a One Percenter anymore. Including the One Percent.
A new study shows that the vast majority of people earning more than $250,000 a year say they are not in the One Percent. Many of them actually are One Percenters, since the cut-off for the One Percent is $343,000 a year in income.
In the latest Mendelsohn Affluent Barometer, most of the $250,000-plus earners say they’re only in the top 20 percent. In fact, as a group, they’re in the top 3 percent and higher.
Source: Yahoo! Finance