Some 94 percent of Americans who reach “top 1 percent” income status will enjoy it for only a single year. Approximately 99 percent will lose their “top 1 percent” status within a decade.
Now consider the top 400 U.S. income-earners—a far more exclusive club than the top 1 percent. Between 1992 and 2013, 72 percent of the top 400 retained that title for no more than a year. Over 97 percent retained it for no more than a decade.
– Chelsea Follett, High Turnover Among America’s Rich
James Carden on The Kyle Anzalone Show – Trump, Ukraine, and the New Arms Race: Is the World Past Saving?
A new round of nuclear swagger, a fraying arms control regime, and a grinding war in Ukraine have pushed global risk back into everyday conversation. We bring James Carden of The Realist Review back to map how we got here—starting with the choices made in 1992, when...
