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
The Kyle Anzalone Show [GUEST] Larry Johnson: Are Russia, China and Iran the Big Winners of Trump and Netanyahu’s War ?
The fastest way to understand the Iran war scare isn’t cable news hype, it’s leverage. We sit down with Larry Johnson to map what Tehran is demanding, why Washington looks desperate for an exit plan, and how a single chokepoint, the Strait of Hormuz, can squeeze the...
