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?

Question

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?

In: 4977

Answer 1

If 1% own 79% of the wealth then 10% owing 80% could still be true since the 1% is part of the 10%.

In this scenario you would not expect 1 in 10 people you see on the street to have significantly more money than you.