"one-percenters" got a bashing in the last economic recession. Many physician specialists are in this group. Despite the protests though we have little or no political or economic clout (at least as an individual). I recently dug around to see what the 1% even is and I found it interesting. You get different numbers from different sources but there is some consistency. I hate to hear doctors complaining about money or pay cuts. All the doctors I know are in the top 5% of US or higher (around 215K). Most specialists I know are in the top 1-2% of U.S. based in income or assets. Here are a few of those points I ran across:
World wide top 1% income: 32K
World wide top 1% net worth: 770K
Top 1% US income: 360-440K
Top 1% US net worth: 4-7M
Doctors do very well in the US, especially when compared to the rest of the world. Nevertheless, it is the 0.01% (worth 125M) who really have the political influence in the U.S.
For more if interested:
http://www.investopedia.com/news/how-much-income-puts-you-top-1-5-10/
http://www.investopedia.com/articles/personal-finance/050615/are-you-top-one-percent-world.asp
http://wealthydoc.com/blog/how-rich-is-rich
World wide top 1% income: 32K
World wide top 1% net worth: 770K
Top 1% US income: 360-440K
Top 1% US net worth: 4-7M
Doctors do very well in the US, especially when compared to the rest of the world. Nevertheless, it is the 0.01% (worth 125M) who really have the political influence in the U.S.
For more if interested:
http://www.investopedia.com/news/how-much-income-puts-you-top-1-5-10/
http://www.investopedia.com/articles/personal-finance/050615/are-you-top-one-percent-world.asp
http://wealthydoc.com/blog/how-rich-is-rich
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