If the top 10% of Americans own 80% of the wealth, does that mean 1 in 10 people I see on the street have significantly more money than me?
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The people with significantly more money do not have a habit of walking the same streets as you, if they are to be found on any street. They live in gated communities and hire people to do their chores. If you have an average job then your manager will be definition have an above average job. And if you can imagine someone managing nine other workers they make a pretty descent amount of money. Enough that they can buy a house in a descent neighborhood, buy a couple of nice cars, pay for deliveries, etc. But they are at best in the lower part of those 10%. They have a boss as well who makes even more money. And people work as managers in above average work such as law firms, accountants offices, investment firms, etc. So you start to see a lot of wealth being accumulated among these people.
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