What is the cutoff line for the 1% - strictly in terms of annual gross income?
Estimates vary, but most feel that an
annual income of $350,000 will get you into the bottom of the 1%.
A
net worth of about $5.5 million will get you into the 1% of that category. Being in the 1% annual income wise lets you live well, but being in the 1% net worth wise lets you live secure.
