September 23, 2023

How to make it to Collorado's top one percent

 Axios - You need to make at least $709,092 a year to be among the top 1% of earners in Colorado, according to a recent SmartAsset analysis of IRS data. That's the seventh highest amount among all states in 2020 — and roughly $56,000 more than the national household figure of $652,657. The top 1% of U.S. families held more than a third of the country's total wealth in 2019, the Congressional Budget Office reported last year.  Meanwhile, "families in the bottom half ... held only 2% of total wealth," per the report.

Nationally, joining the 1% club is most expensive in Connecticut, where residents need to make at least $952,902 to be a member.   It's cheapest in West Virginia, where residents need to make $367,582 to be among the state's top earners.


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