The Economist, September 6th-12th, 2003
On Pg. 28, "Would you like your class war shaken or stirred, sir?"
Interestingly, Americans are usually over-optimistic
about their chances of promotion. An opinion poll a couple
of years ago found that 19% of American taxpayers believed
themselves to be in the top 1% of earners. A further 20%
thought they would end up there within their lifetimes.
Also interesting from the article:
Take wealth rather than income, and America's
disparity is even more startling. The wealthiest 1% of all
households controls 38% of national wealth, while the bottom
80% of households holds only 17%, according to the Economic
Policy Institute (EPI). Around 85% of stockmarket wealth
is held by a lucky 20%.