According to MoneyWeek, who are the top 1% of earners in the United States? What kind of careers do people have to get into the highest-income 1% of rich families club?
From MoneyWeek: Which professions in the US produce the rich
By Joe Lei (from Los Angeles)
President Barack Obama has come up with a slogan that he is going to fight for the 99% of the population in the US, and for the top 1% of the income earners, then I am sorry, but President Obama is going to rob the rich to give to the poor. So who exactly are these top 1% earners in America? What kind of careers do people pursue to get into the top 1% earning rich family club?
Wealthy Americans mostly tend to **** and party
Most statistics on people's income and wealth in the US are based on households. According to the most recent records of household tax returns, in 2009 there were 1.4 million households in the top 1% of income **** in the United States. In the United States, what is the annual income to enter the top 1% income households? According to the 2009 IRS family income categorization statistics, a family's adjustable income has to be at least $343,927 for such an income to cross over into the top 1% of income households. However, a study conducted by the Tax Policy Center concluded that if the income of American families is measured comprehensively, not just from the single figure of adjustable family income, in 2009, in order to enter the ranks of the top 1% of U.S. households, the annual income must be at least $500,000 a year. And statistically, the average annual income of the top 1% of US households is $1.5 million.
The majority of the richest 1% of U.S. households belong to the **** and party or lean toward the **** and party in terms of their political affiliation, though the percentage of people who are conservative is not high. The Gallup survey found that 57 percent of the wealthiest 1 percent of Americans are either *** and party or lean *** and party, 36 percent are Democrat or lean Democrat, and 8 percent are unaffiliated. Among the remaining 99%, 44% are *** and party or lean *** and party, 47% are Democrat or lean Democrat, and 9% are unaffiliated.
It's often said that the *** and Party represent the interests of rich Americans and the Democrats represent the interests of the poor, and that seems to have some truth to it. But American society has grown to hate ideological polarization, so the politically unaffiliated middle-style population is instead growing. Among the richest 1% of the population, the politically unaffiliated centrists make up 41% of the population, **** and partisans make up 33%, and Democrats make up 26%. And among the remaining 99% of the population, the politically unaffiliated centrists make up 39%, **** and partisans 28%, and Democrats 33%.
What is the highest 1% of income
The United States early scholars based on the people's tax records to study the United States of America's top 1% of the population are engaged in what occupations, and the results show that the United States of America's top 1% of the population are not all in the Wall Street to work, but on the contrary, line of work, which one of the industry may produce a rich people. In accordance with the scholars on the 1979-2005 U.S. data analysis of the top 1% of the population, here is a look at what industries are most likely to produce high income people.
If you look at statistics by industry, the management industry is where the most rich people are, and corporate executives are most likely to make a lot of money, with 31 percent of the top 1 percent of U.S. earners in this industry. When the big boss of the company is not easy, the enterprise earns big money themselves to have the space to survive, but the rate of return is also very high. If you can't manage people, not capable of making money for the company, then don't worry, as long as you have the expertise, you can still mix into the ranks of the United States 1% of the high-income people. In this regard, doctors are in a unique position. The United States income of the top 1% of the population of 15.7% of the people are doctors, the proportion is not low. Financial management industry rich people in the United States in the top 1% of the population can only belong to the proportion of "third party", the proportion of 13.9%, far below the business executives and doctors. Business executives, doctors, and financial management of these three professions in the elite constitute the main 1% of the highest-income people in the United States, the number of people accounted for about 61% of the highest 1% of the population.
Being a lawyer in the United States is also a good career, although lawyers are plentiful, but there are still people who are willing to pan for gold in this industry. What percentage of the top 1% of earners in the US are lawyers?3%. Doctors and lawyers are two of the most popular careers in the U.S., but there are also many Americans in the technology industry, and the technology industry is a field full of innovation, and there is a way to get rich in this field. The best of the best in the U.S. computer, math, and engineering industries can also be advanced into the ranks of the 1% of the rich, of course, not everyone is so lucky, the U.S. income of the top 1% of the population in the computer, math, and engineering industries accounted for 4.6% of the incumbents.
If you don't have a genius, but you have a good father, you can be rich. The percentage of people in the U.S. who are sitting on their money through inheritance is 4.3% of the top 1% of earners. Salespeople sell goods, but good sellers are often more likely to be rich than buyers. 4.2% of the top 1% of income earners in the U.S. alone got rich selling goods. With so many poor people in blue-collar industries, is there still a chance to be in the richest 1% of Americans? Scholar's findings are a bit surprising, the top 1% of U.S. earners 4.6% of the people are working in blue-collar industries. What kind of work? The scholars didn't say, but it's not quite like a pretty girl with a big bucks kind of thing. In many countries the rich mostly from the real estate industry, the United States also have such people, but the proportion is not high, the top 1% of the population income 3.2% of people are from the real estate industry. Business managers are also easy to step into the ranks of the richest people, they do not have business executives as high-powered, but is the backbone of the enterprise. 4.6% of the top 1% of U.S. earners are managers.
Corporate presidents and managers are the most likely to be rich
The data listed above are the results of a study of the top 1% of U.S. earners. Based on the IRS's annual tax return statistics, it is possible to take a broader view of what the highest-income family members do for a living. In the United States, the top 1% of the family income, the situation and personal income is somewhat different, because most families are couples have income, so in the United States, the top 1% of the family members engaged in a wider range of occupations, the marriage so that some of the low-income industry employment can also enter the ranks of the top 1% of the family income. However, in the top 1% of families, the income of the head of the family is the main body, and the income of the other half has the flavor of icing on the cake.
In the United States of all occupations, company presidents and managers are the most likely to get rich, do the leadership to be rich first, there is no doubt about it. There are nearly 1 million presidents of all types of companies in the United States, and the number of people who enter the ranks of the top 1% of families with the highest incomes is about 120,000 people, a ratio of 12%. Contrary to popular perception, the percentage of banking CEOs who are in the top 1% of households is the lowest of all categories of CEOs, at 8.4%. The Telecommunications industry has the highest percentage of company presidents entering the top 1% of income households at 16.4%.
The president is the big boss of the company, the following need to have a competent cadres, this managerial management is important. U.S. companies, large and small managerial level management of about 13 million people, of which nearly 360,000 managers can enter the ranks of the top 1% of families, the proportion of about 2.8%. Although all are managers, but the industry is different, the manager's income will be very different, and the odds of entering the ranks of the top 1% of the family income is also very different. There are 20,078 U.S. securities, futures, and investment company managers, of which 24,663 can earn up to the level of the top 1% of households earning the highest incomes, a ratio of 12.3%. In contrast, there are 1.1 million managers in the restaurant industry, of which only 11,116 can reach the income level of the top 1% of income households, a proportion of only 1%. The percentage of medical industry managers who made it into the top 1% of households by income was 7.4%, 5.7% each for managers of computer equipment companies and oil and gas extraction companies, 5.4% for managers of medical equipment companies, 5.3% for managers of advertising companies, and 5.1% for managers of electronic machinery and equipment companies.
Doctors, lawyers, and specialists get rich
U.S. doctors have high incomes for all to see, and the percentage of those who enter the top 1 percent of households with the highest incomes is quite high. There are 360,785 clinic doctors in the United States, of which 97,958, or 27.2%, enter the ranks of the top 1% of households. There are 102,123 physicians in medical service organizations, and 21,281, or 20.7 percent, are in the top 1 percent of households. There are 24,684 physicians working in university hospitals, and 4,692, or 19 percent, are in the top 1 percent of households. There were 370,644 physicians working in hospitals and 63,687 in the top 1% of households, or 17.2%. There are 35,669 doctors in other professions, and 4,750, or 13.3 percent, are in the top 1 percent of households. Dentists in the U.S. have high incomes, with 25,647 dentists out of more than 160,000 clinic dentists making it to the top 1% of households with the highest incomes, a ratio of 15.3%. It can be said that in the United States to engage in the doctor's profession is basically to hold a golden bowl, the opportunity to enter the rich and powerful than when the management is higher.
Lawyers also tend to enter the high-income class, and the proportion is also very substantial. If you work as a lawyer in a securities, futures, or investment firm, the odds of getting into the top 1% of U.S. households are a surprisingly high 29.3%. There are 11,103 people working as lawyers in securities, futures, and investment firms in the U.S., and 3,251 of them are in the top 1% of households with the highest incomes. There are 774,794 lawyers working in legal services in the U.S., of which 113,280 enter the ranks of the top 1% of households with the highest incomes, a rate of 14.6%. There are 198,597 lawyers employed in other professions, with 23,939 entering the ranks of the top 1% of families by income. Of course, the lawyer profession is not all drought and flood, practicing lawyers in the judicial branch of government, to become rich the odds are much lower. U.S. lawyers practicing in the judicial branch of government 155,550 people, of which only 5094 people among the ranks of the top 1% of households with income, the proportion of 3.3%, which is the same as writers, psychologists into the top 1% of households with income about the same odds.
Financial experts seem to be most closely aligned with Wall Street, and the odds of making it into the top 1% of households with income, especially those practicing at securities, futures, and investment firms, are also very high indeed. There are 287,540 financial experts practicing in securities, futures and investment firms in the United States, of which 30,694, or 10.7 percent, are in the top 1 percent of households. However, the proportion of financial experts practicing in other financial institutions who were able to enter the top 1% of income households was not too high. The proportion of financial experts in the U.S. banking industry entering the ranks of the top 1% of households with income is 2.9%, the proportion of financial experts in credit card companies is 3.1%, and the proportion of financial experts in other industries is 2.2%. And as a management expert, the chances of becoming rich are not low, in the management and public relations services companies practicing management experts, 6.8% will enter the ranks of the top 1% of households.
Accountants and auditors are one of the hottest professions in the U.S., with 4.3% of the nearly 500,000 such professionals in the top 1% of households. But accountants and auditors practicing in securities, futures and investment firms have a 7.5 percent chance of being among the top 1 percent of households by income. A salesman's career is hard work, but the financial rewards are worth it. 5.1 percent of U.S. salespeople in the computer industry make it into the top 1 percent of households, compared with 3.9 percent of salespeople in equipment companies, 4.3 percent of salespeople in management services, and 2.7 percent of salespeople in pharmaceuticals and chemical products. Real estate and real estate insurance brokers, do not require a lot of knowledge, but to be good at sales, can make the house sale, the commission will come rolling in. That's why 3.1% of the 1.1 million real estate and real estate insurance brokers in the U.S. are among the top 1% of households in terms of income. There are more than 600,000 brokers in the U.S. insurance industry, and 2.7 percent of them are now members of the top 1 percent of households. While it's not hard to be middle class in the engineering profession, it's a little harder to be rich. 1.3% of computer software development specialists are in the top 1% of households.
Table 1 Occupations in the United States with the Highest Percentage of People Entering the Top 1% of Households by Income
Occupation Number of Practitioners Percentage of People Entering the Top 1% of Households by Income
President of Telecommunications Firms 17,793,2926 16.4%
President of Real Estate Firms 35,877,5658 15.8%
President of Electronic Engineering Company 17091 2694 15.8%
President of Advertising Company 18269 2853 15.6%
President of Engineering Company 24341 3676 15.1%
President of Credit Card Company 19708 2836 14.4%
President of Medical Industry 25888 3519 13.6%
President of a business services company 23644 2719 11.5%
Manager of a securities investment company 200078 24663 12.3%
Clinic physician 360785 97958 27.2%
Physician at a health care provider 102123 21181 20.7%
University Hospital Doctors 24684 4692 19%
Hospital Doctors 370644 63687 17.2%
Clinic Dentists 167140 25647 15.3%
Securities and Investment Firms Attorneys 11103 3251 29.3%
Legal Services Attorneys 774794 113280 14.6%
Securities investment company financial experts 287540 30694 10.7%
Various types of people can be among the richUndeniably, in the U.S. some occupations are really high-income, the chances of entering the ranks of the rich big. But that doesn't preclude some of the best of the best in low-income industries from earning a high income. Every industry, even the store food seller, restaurant serving dishes, to the people as a nanny, there will be a certain number of people into the United States of America's top 1% of the highest-income families, but the proportion is relatively low.
In people's concepts, actors are stars, big names, make money fast and more. Hollywood is the creation of a number of star rich, but overall, in the United States, among the 210,000 actors, directors and producers, the number of people into the top 1% of the family income of only 6,751 people, the proportion of 3.1%, is not too high. In contrast, 3.5% of the 270,000 arts workers in the business services industry are in the top 1% of households, and only 1.2% of the 1 million arts workers in other industries are in the top 1% of households. There are a lot of American sports stars, and the number of people who become rich is not small, in the sports world among the ball players, athletes and coaches, 6.4% of the people into the ranks of the top 1% of households with income.
Some blue-collar industries in the United States, there are many employees, but the overall income level is not high, to become rich is very difficult, but the opportunity is still there. Like restaurant waiters have 2.3 million people, of which 10,688 enter the ranks of the top 1% of families with incomes of 0.5%, while the proportion of chefs entering the ranks of the top 1% of families with incomes of 0.3%. Some of the waiters can get a high income, which is probably related to the American restaurant tipping system, good service, guests give tips naturally generous. There are about 1.9 million homemakers in the U.S., of whom 3,263 are in the top 1% of households by income, a ratio of 0.2%. There are 2.4 million retail store salespeople in other categories across the U.S., of which 19,032 are in the top 1% of households, or 0.8%.
Table 2 Occupations in the United States with the Lowest Proportion Entering the Top 1% of Households by Income
Occupation Number of Practitioners Number of Persons Entering the Top 1% of Households Proportion of Persons Entering the Top 1% of Households
Household Nannies 1.9 Million 3,263 0.2%
Large Truck Drivers 4.3 Million 7,992 0.2%
Physician Assistants 1.2 million 4699 0.4%
Nurse's aides 3.7 million 9135 0.2%
Repairmen 5.1 million 10356 0.2%
Cooks 3.5 million 9701 0.3%
Restaurant cashiers 1 million 4091 0.4%
Technicians 1.4 million 6713 0.5%
Restaurant servers 2.3 million 10688 0.5%
Nursery caregivers 1.1 million 5071 0.5%
Social workers 860416 5564 0.6%
Secretaries 4.1 million 32832 0.8%
Retail store sales clerks 2.4 million 19032 0.8%