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People underestimate the income of the top 1%, researchers find (phys.org)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 35 points 2 months ago (1 children)

The difference between a million and a billion?

About a billion.

[–] [email protected] 1 points 2 months ago (1 children)

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.

[–] [email protected] 4 points 2 months ago (1 children)

But not part of the 3 commas club anymore.

[–] [email protected] 2 points 2 months ago

Just put it all in mutual funds, and you'd earn $80 million a year in growth.