Hint: Try aiming for the top 10% instead. Or maybe move to New Mexico.
When you think of the 1%, you probably think of people banking millions of dollars per year, traveling from vacation home to vacation home on their private jets, and spending tens of thousands without thought or care. Those people certainly exist, but they don’t all earn seven-figure incomes.
The Economic Policy Institute (EPI) published a study that looked at income inequality based on 2017 reported wages, and the results may be surprising. While the top 1% obviously out-earn the bottom 90% by a considerable margin, you don’t need to make millions each year to join them. And if you consider yourself relatively well-to-do, you may be in the top 5% or 10% already.