Who Is Really Rich in America? (Hint: Main Street Millionaires)
If you want to understand the wealth of the typical American household, the resources are excellent. Not only are there free public data sources, but there are also many great books that detail how people live across The Wealth Ladder . For example: For Level 1 (
If you seek to understand the wealth of the typical American household, there are abundant free public data sources and insightful books to guide you through. For instance, Level 1 (earning $10k) has Dignity by Chris Arnade, while Levels 2 ($10k-$100k), 3 ($100k-$1M), and 4 ($1M-$10M) are covered in Tiffany Aliche's Get Good with Money.
However, as you ascend the wealth spectrum, data becomes scarcer and less reliable. The wealth of Level 5 ($10M-$100M) and Level 6 ($100M+) individuals is mainly tied up in private businesses, making it challenging to find comprehensive resources on their financial status. Until recently, that is, with the release of The Everywhere Millionaire by economists Owen Zidar and Eric Zwick.
This book delves into the wealth of America's Main Street Millionaires, providing a fascinating insight into who these individuals are and how they built their riches.
Written by urgent.news from Of Dollars and Data's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
