How the rich (the 1 percent) live

They work  long hours.

They pay their share of taxes and are willing to do more to contribute.

They’re more likely to be self-employed.

They give to charity.

Some like President Obama and some don’t. Some sympathize with the Occupy Wall Street crowd while others don’t.

All in all, it’s a broad cross-section, the nation’s wealthiest 1 percent, according to a report in The New York Times.

Which makes it a little harder to pigeon-hole a group that’s  attracted a lot of attention, and drawn a considerable amount of criticism in this political season where the middle class has been designated as the hero.

One key point is that what can be considered wealthy varies a good deal by geography. A person in a smaller, low-cost part of the country can easily be in the top 1 percent in an area with a much smaller income than someone in a higher-priced metropolitan area.

The gap between the richest residents and everyone else also varies by market. While the highest-earning 1 percent in New York make many times what median earners there do, the best-off in Macon, for example, don’t exceed the average-earning resident there by all that much.

12 comments Add your comment

A. S. Mathew

January 17th, 2012
10:03 am

There is nothing wrong with getting rich and those people who can invent a new product or write an
interesting book can get rich fast. But there are a another group of people working through all the
dirty tricks of total and ruthless greed and ripping off innocent people; they must be answerable to
the society and to the Almighty God. There is no excuse for it. The vast majority of the financial institutions have used total tricks and greed to get
rich, and that wealth is not the honest wealth to enjoy life. Robbery is highly punishable but
there a whole lot of legal robbery avenues in the society and many are gettaing rich through that
route. What explanation can be given by the banks to charge 30 dollars or more for a bounced
check of 5 dollars or 10000 dollars, also charging 39 and 49 dollars for being late for 30 minutes?
These are outright robberies of the ordinary people and getting rich that way is not the honest way.
Now they are paying the high price for the old time robbery. If those people who are greatly
interested to get rich in this world (nobody can take that to the other world, still fight and work too
hard to get more and more richer) must at first learn the basic lessons of the nature and of God’s
laws ” we will reap from where we sow”. No change for the location and the seed.

Big Nick

January 17th, 2012
10:50 am

@ AS…If you don’t like the banks’ lending practices, then do not borrow money from them. If you had any money, you would not bitching about it..

Tondalaya

January 17th, 2012
11:14 am

A.S. that expression “the heavy thoughts of a light thinker” would seem to fit you to a tee. Do us all a favor, just tend to your drive-thru window @ McD’s and spare us your mindless ramblings.

Mitzymy

January 17th, 2012
12:20 pm

I applaud anyone who is rich and made their money honestly, not from having cheated or made others poor to get where they are. I think they should pay more in taxes than someone who make less than 40k per year, and there are a lot of people in this category.

Masters Degree

January 17th, 2012
12:45 pm

Two biblical accounts one where the rich man was told by Jesus to leave everything and follow him and he could not.. and the proverb that says it is easier for a camel to go through the eye of a needle than a rich man go to heaven.

Money is not the root of all evil.. it is the Love of money that is at the root. I love my paid of cars and houses that I am on my way to pay off… but I love my God more and I can see both points of Repub and Demo arguments but that does not mean that either one is close to the Truth.

dealO

January 17th, 2012
2:36 pm

maybe one day all that money rich people save in taxes will “trickle down” to non-rich people.

We laugh

January 17th, 2012
3:14 pm

Suckas!!!!!!!!

Dr Fever

January 18th, 2012
12:21 pm

Dear A. S. Mathew -

What?

Tag

January 19th, 2012
10:35 am

The lowest 50% in income pay 4% of the personal income taxes while the upper 50% pay 96%.

no worries

January 20th, 2012
3:34 pm

some people are meant to be rich and some aren’t
money in the hands of stupid people is never good.

Fister

January 21st, 2012
12:39 am

This article is pointless and tells me nothing.

MiddleClassAct

January 21st, 2012
1:42 pm

@Tag, references please? Don’t forget tax loopholes and off shore accounts. The mega rich rarely pay their share. They have a team of tax attorneys if not the whole law firm guarding their money from Uncle Sam.