Who are the top 1 percent?

The "top 1%" refers to the highest earners or wealthiest individuals, requiring roughly $730,000 to over $1 million in annual income nationally to be in the top 1% of earners in the U.S., depending on the state, though this threshold changes yearly and varies significantly by location. These households are often composed of executives, managers, doctors, lawyers, and financial professionals, with a disproportionate representation in major metropolitan areas. The top 1% also holds a significant concentration of wealth, with the threshold for top 1% net worth being much higher, around $5.8 million or more.

Who is considered top 1 percent?

The "top 1%" refers to the highest earners or wealthiest individuals, primarily executives, financial professionals, doctors, lawyers, and entrepreneurs, with the income threshold varying significantly by location, often requiring over $1 million annually in high-cost states like Connecticut or California, but around $400k-$700k nationally. These households are disproportionately found in major metropolitan areas and benefit from diversified investments, owning a significant chunk of national wealth. 

Who is the 1% in the US?

The top 1% of Americans refers to the wealthiest households, controlling about 30-31% of the nation's wealth, with household net worths starting around $11-13 million or higher, often generating income from investments and businesses rather than just wages, and representing about 1.3 million households, a group that could theoretically buy most of the country's homes.
 

What is the upper 1% in the US?

Top earners across the United States earn nearly least six figures, with an average income of over $99,971 for those in the top 10% in 2022. Earners in the top 1% need to make $1 million annually in states like California, Connecticut, Massachusetts, New Jersey, and Washington.

Is top 1% considered rich?

To keep things simple, let's consider where the Internal Revenue Service (IRS) sets the bar for the top 1% of earners first. According to a 2025 SmartAsset study, you need $731,492 to be in the top 1% of earners nationwide. An annual income anywhere in the vicinity of that figure would certainly make you rich.

Who Are The Top 1 Percent?

What percentage of Americans make over $150,000 per year?

Over one quarter, 28.5%, of all income was earned by the top 8%, those households earning more than $150,000 a year.

Where does Trump rank in wealth?

(In 2018, this was 766th in the world, 248th in the U.S. In 2019, this was 715th in the world, 259th in the U.S.) Bloomberg Billionaires Index listed Trump's net worth as $2.48 billion on May 31, 2018, and Wealth-X listed it as at least $3.8 billion on July 16, 2018.

How many Americans have $2 million in the bank?

Only about 1.8% of U.S. households have $2 million or more in retirement savings, a figure from the Employee Benefit Research Institute (EBRI) using Federal Reserve data (2022 Survey of Consumer Finances). This places them in a very small minority, with even fewer (0.8%) reaching $3 million in retirement funds, highlighting that significant wealth accumulation for retirement is rare for most Americans. 

What percentage of Americans make over $500,000 per year?

While just 0.79 percent of jobs in the country paid more than $500,000 per year, that's well more than 1 million positions. Per the Quarterly Census of Employment and Wages, average annual employment in the United States during 2023 was 153,140,899, or 131,289,681 if only the private sector is included.

Is Taylor Swift or Kim Kardashian richer?

As of late 2025 reports, Kim Kardashian is generally considered richer than Taylor Swift, with Forbes valuing Kardashian around $1.7-$1.9 billion primarily from her SKIMS business, slightly ahead of Swift's $1.6 billion, largely from her music empire and Eras Tour. While Taylor Swift is the wealthiest female musician, Kim's successful ventures like SKIMS and SKKN By Kim have propelled her net worth past Swift's, making her richer overall, say Yahoo, Fox News, and 93.3 The Beat. 

Who is the #1 richest family?

The Walton family, founders of Walmart, are consistently ranked as the world's richest family, with their fortune estimated at over $500 billion in late 2025 by Bloomberg and CultureMap Fort Worth. Their wealth stems from their significant ownership in Walmart, the world's largest retailer by revenue, with family members like Jim, Rob, and Alice Walton holding substantial stakes.
 

Who will be the 1st trillionaire?

While no one is a trillionaire yet, Elon Musk is widely projected to be the first, potentially by 2027, driven by his stakes in Tesla, SpaceX, and X, with some forecasts suggesting SpaceX's potential IPO could significantly accelerate this. Jeff Bezos and Jensen Huang (Nvidia) are also in contention, but Musk's diverse and rapidly growing ventures place him at the forefront, with a major Tesla pay package potentially adding to his net worth, notes PBS News and Yahoo Finance.
 

What is a good net worth at retirement?

A good retirement net worth varies, but common rules suggest saving 10 times your final salary by age 67, or having enough for 25 times your estimated annual retirement expenses, often aiming for 80-90% of pre-retirement income, while specific benchmarks are around 10x salary by 60-67 and 25x expenses by retirement. Factors like lifestyle, location, and other income (Social Security) greatly influence the "magic number," with many needing $1.5M to $2M+ for a comfortable retirement, but benchmarks depend heavily on your income level and marital status, notes T. Rowe Price. 

What percentage of Americans have $1 million saved?

Data from the Federal Reserve's Survey of Consumer Finances, shows that only 4.7% of Americans have at least $1 million saved in retirement-specific accounts such as 401ks and IRAs. Just 1.8% have $2 million, and only 0.8% have saved $3 million or more.

What percentage of Americans make $130,000?

They found that the top 20% of all Americans earn over $130,000 in income. Thats over 5 times more than the bottom 20%.

How many Americans have $500,000 in their 401k?

Believe it or not, data from the 2022 Survey of Consumer Finances indicates that only 9% of American households have managed to save $500,000 or more for their retirement. This means less than one in ten families have achieved this financial goal.

At what net worth are you considered wealthy?

Being considered wealthy varies, but Americans often cite a net worth around $2.2 to $2.5 million as the benchmark for being wealthy, though this changes by location and age, with some viewing $1 million in investable assets or being in the top 10% ($1.9M+) as wealthy, while the top 1% starts at over $13 million. Financial comfort is lower (around $778k), but "wealth" implies financial freedom, security, and control, not just a high income. 

Who owns 90% of the wealth in the US?

The top 10% own 87.2%, and the bottom half owned 1.1%. Corporate equities and real estate facilitated the accumulation of wealth for baby boomers. In 2024, the Silent Generation and baby boomers represented 25% of the population, but held 65% of all wealth in the US.

Who is the wealthiest president in the US?

While Donald Trump has the highest recent net worth as President (estimated billions), George Washington is often considered the wealthiest in historical context, with estimated wealth in the hundreds of millions (adjusted), followed by Thomas Jefferson, but Trump's wealth significantly surpasses both when considering contemporary figures, though valuations vary widely. 

What was Obama's net worth before becoming president?

Before becoming president, Barack Obama's net worth in 2008 was estimated around $1.1 million to $3.7 million, primarily from book royalties (like Dreams from My Father) and significant investments in U.S. Treasury notes and bills, with earnings boosting his finances as his 2008 campaign progressed. 

How rare is a 150K salary?

A $150k salary is relatively rare but not elite, placing you in the top 10-12% of U.S. earners, well above median income, yet it can feel middle-class in high-cost areas due to inflation and housing costs. While significant, it's not "rich" (top 1% needs ~$785k+) but puts you in the upper-middle-class bracket in most locations, with the actual feel depending heavily on your state and living expenses. 

How many Americans make over $400,000?

Fewer than 1% of American wage earners make over $400k, but more households cross that threshold, with estimates around 3.8 million households or roughly 3% of the total, though figures vary by source and whether it's individual or household income, with the top 1% of earners generally starting around $500k-$800k depending on the study. While it's a small slice of the population (less than 1 in 100 earners), it represents a significant group within the top income brackets, especially in high-cost areas.