People underestimate the income of the top 1%, researchers find
People underestimate the income of the top 1%, researchers find
People selectively underestimate how rich the world's richest people are, according to a study. Increasing income inequality in many countries is driven by steep gains among the top 1% of earners. In the United States, support for policies that would redistribute wealth has not increased since the 1...
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The difference between a million and a billion?
About a billion.
If you take a million dollars away from someone with a million dollars, they would be broke. If you took a million dollars away from a billionaire, they would basically still be a billionaire.
But not part of the 3 commas club anymore.
Just put it all in mutual funds, and you'd earn $80 million a year in growth.