More generally, college education is strongly correlated with household income. Furthermore, nearly half of those in the wealthiest group have postgraduate education, versus 16% of all others. The Gallup analysis reveals that 72% of the wealthiest Americans have a college degree, compared with 31% of those in the lower 99 percentiles. The official top 1% of American households in 2010 includes those with incomes of at least $516,633, according to data from the Tax Policy Center as reported in The Washington Post.Īdvanced Education Separates the 1% From the 99%Īpart from their bank accounts, Gallup finds education to be the greatest difference between the wealthiest 1% of Americans and everyone else. The resulting sample includes nearly 400 adults in households earning $500,000 or more annually, and more than 65,000 in households earning less than that. To better understand who makes up the top 1%, Gallup combined 61 of its nationwide surveys conducted between January 2009 and November 2011. The Occupy Wall Street movement has made the contrast between the economic circumstances of the nation's wealthiest 1% and the remaining 99% the focus of its criticism of the nation's economic system, and particularly of the financial services sector. Among the very wealthy, 39% say their political views are conservative, 41% call themselves moderate, and 20% liberal, similar to the percentages seen among all others. When the party leanings of independents are taken into account, 57% of the nation's wealthiest adults associate themselves with the Republican Party, compared with 44% of the "99%." At the same time, Gallup polling finds little difference in the two groups' ideological views.
This is a mirror image of the "99%," a third of whom are Democrats, with 39% independents and a quarter Republicans. One-third of the nation's "1%" identify themselves as Republicans, 41% as independents, and 26% as Democrats. PRINCETON, NJ - Politically, the wealthiest 1% of Americans - those in households earning $500,000 or more annually - are somewhat to the right of the remaining 99%, but more in terms of party identification than self-professed ideology.
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