Correlation versus Causation – The 1%

I recently mentioned some statistics regarding the 1%, in an attempt to define the other 99%. To summarize:

The Top 5 Facts about the 1%:
1) Owns 40% of US wealth
2) Takes home 24% of the nations income
3) Owns 50% of the country’s stocks, bonds and mutual funds
4) Has only 5% of the nation’s personal debt
5) Takes in more off the nation’s income than at any other time since the 1920s

This list got me thinking;

Are these 5 things something that all 1%ers do? Does the list provide us a glimpse of some “secret” school of thought that the “rich” teach their children (aka Robert Kiyosaki and Rich Dad Poor Dad)?


Are “1%ers” created by doing these 5 things? Is a path to wealth that any one of us can execute and reach the 1%?


The Top 5 Facts About America’s Richest 1%
Stacy Curtin | Daily Ticker – Oct 11, 2011

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