Question of wealth ownership and control

[PartisanZ]

”an economic social class (5–10%)which owns the means and instruments for producing and distributing wealth.”

Where might I get accurate recent  backup figures for this assertion?

Links or such would suffice.

[Dave B]

There are obviously, as they say lies, damned lies and statistics

 

But recently in the US the top 5% of households had income of over $250,000.

 

But mean number of earners was about 2?

 

So two earners getting 125K each would just scrape in.

 

That would include 2 well paid ‘workers’ ; presumably like doctors and computer programmers etc?

 

To get into the top 1%, household income needs to 475K.

 

Which might be moving more into the area of the capitalist class and CEO area?

 

Eg;

 

…..What is the top one percent household income in the US in 2019?

 

 

To be top 1% in the United States in 2019, you had to earn $475,116.00 or more as a household between January and December 2018…..

 

https://dqydj.com/household-income-percentile-calculator/

 

There probably isn’t a necessarily direct correlation between ownership of wealth and ‘income’.

 

[Dave B]

The issue of ownership of wealth can be distorted somewhat as ‘ordinary’ workers can have pension pots of 200K+, and houses etc.

 

But it would be a bit of stretch to describe them as part-capitalist; although it has been suggested before.

 

[PartisanZ]

Thanks Dave.

It is tricky, as income and assets ownership and control don’t quite equate to the same thing.

This gave an 80-20 ratio but with a lot of formulaic stuff my head screams at.

https://en.m.wikipedia.org/wiki/Pareto_distribution

This one with Ultra High Net Worth (UMHNW) figures looks as if it might give me what I am after.

I’ll download the PDF and give it  go.

https://www.wealthx.com/report/world-ultra-wealth-report-2019/

 

[Author]

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