Who are they? Why do we focus on them?
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The top 10% wealthiest U.S. Households based on Net Worth |
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Nearly 11 million households who can choose to live a 360-degree luxury lifestyle |
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Own 64.6 % of all assets and 77 % of all stocks and mutual funds |
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Average net worth of $2.7 million |
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Average annual income of $270,000 |
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Earn 45% of the aggregate annual income in the U.S. |
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For most luxury goods and services firms, these are the 20% or less of the clients who deliver 80% of the profits. |
Sources: Federal Reserve Bank, Economic Policy Institute, AARC, Businessweek
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