{"id":2351,"date":"2019-05-25T06:05:55","date_gmt":"2019-05-25T13:05:55","guid":{"rendered":"https:\/\/propy.com\/browse\/blog\/?p=2351"},"modified":"2025-08-27T02:11:38","modified_gmt":"2025-08-27T06:11:38","slug":"its-official-1-out-of-9-americans-will-make-it-to-top-1-of-income-earners","status":"publish","type":"post","link":"https:\/\/propy.com\/browse\/its-official-1-out-of-9-americans-will-make-it-to-top-1-of-income-earners\/","title":{"rendered":"It\u2019s Official – 1 out of 9 Americans Will Make It to Top 1% of Income Earners"},"content":{"rendered":"\r\n
\"It\u2019s<\/figure>\r\n\r\n\r\n\r\n

With politicians on both sides claiming that the game is rigged, it may be surprising to hear that social mobility still exists. According to a study conducted by Washington University in St. Louis<\/a> and Cornell University<\/a>, the average American has a 1 in 9 chance (11%) of joining America\u2019s wealthiest 1% for at least one year in his or her life. Over half of Americans will spend at least a year in the top 10%, and nearly 70% will spend at least a year in the top 20%.<\/p>\r\n\r\n\r\n\r\n

What\u2019s the Catch?<\/h3>\r\n\r\n\r\n\r\n

Although the ranks of the country\u2019s highest income earners may be more fluid than most Americans realize, few working people who break into the top 1% remain there. Less than 1% of these success stories will stay at the top for more than a decade. <\/p>\r\n\r\n\r\n\r\n

The study\u2019s authors ventured that the main reasons for crashing back to Earth might include losing a job, getting a salary reduction, getting a divorce, and having children. If this is true, it means that a good income is not enough to weather significant setbacks or lifestyle changes. The key to remaining rich is wealth accumulation.<\/p>\r\n\r\n\r\n\r\n

Building Wealth Through Real Estate<\/h3>\r\n\r\n\r\n\r\n

How does one create and maintain wealth? According to commercial real estate firm McKinney Capital & Advisory, real estate is one of the most effective vehicles for wealth accumulation, and it has played a role in creating 90% of the world\u2019s millionaires. Investing in real estate is also a great way to diversify an investment portfolio. For these reasons, it makes sense for any high-income earner to consider branching into this field.<\/p>\r\n\r\n\r\n\r\n

How to Stay There<\/h3>\r\n\r\n\r\n\r\n

The research shows that, while it is not easy, it is also not so tough to make it into the top 1%. However, while a good career or shrewd entrepreneurship can catapult a worker to high places, sticking with the elite requires more than just a good income. To remain at the top, one needs income-generating investments that build long-term wealth through appreciation. These could be stocks, equity in a business, or, as McKinney Capital & Advisory<\/a> suggests, real estate.<\/p>\r\n","protected":false},"excerpt":{"rendered":"

With politicians on both sides claiming that the game is rigged, it may be surprising to hear that social mobility still exists. According to a study conducted by Washington University in St. Louis and Cornell University, the average American has a 1 in 9 chance (11%) of joining America\u2019s wealthiest 1% for at least one… Read More »It\u2019s Official – 1 out of 9 Americans Will Make It to Top 1% of Income Earners<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":2420,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"off","neve_meta_content_width":70,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[19,22,4106],"tags":[7510,7512,96],"yst_prominent_words":[7303,449,7329,6009,7304,1656,7326,380,7306,537,7307,7324,7325,374,575,2544,7302,553,7328],"class_list":["post-2351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homebuyers","category-investors","category-news","tag-americans","tag-capitalism","tag-money"],"acf":[],"_links":{"self":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/posts\/2351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/comments?post=2351"}],"version-history":[{"count":1,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/posts\/2351\/revisions"}],"predecessor-version":[{"id":32849,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/posts\/2351\/revisions\/32849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/media\/2420"}],"wp:attachment":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/media?parent=2351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/categories?post=2351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/tags?post=2351"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/yst_prominent_words?post=2351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}