answersLogoWhite

0

How rich are the richest Americans?

Updated: 8/22/2023
User Avatar

Howarthe

Lvl 1
13y ago

Best Answer

It depends on location, and who we are talking about. Many people see America as a rich place where everything is "la de da, I live well because I have money." People assume Americans are arrogant, rich snobs who could care less about the rest off the world; but when you talk to one you become under the impression that they are generally poor or are lower middle class. This is true in part to stereotypes. People see America as a place that can accomplish anything with a little money and some military power. The reality is, a lot of what America "does" is not really even up to them. For instance, lots of things the American government does that is stupid or regarded as "narcissistic" so to speak, is the work of politicians, not the people.

America is a Representative Democracy; meaning that we "choose" who the next leader will be. When I say this, people will assume I am talking about the president. In reality, I am referring to Congress, since it is a (little known) fact that congress has more power than the president does. Sure, he controls the military, but when a president refuses to do his duty he agreed to while taking his inauguration, he is impeached.

The reality is that Americans don't have too much choice when it comes down to electing a leader. Sure they may be able to "pick the person", but when they are all corrupt greedy politicians, what choice do you really have? The bottom line is America is not as great a place as people think. People think if you don't like a law or something you can just set out and change it. People think you can just keep whats yours when a 60 year old man hundreds of miles away says its his. America is great, don't get me wrong, but it isn't as much a democracy as people believe.

So to answer your question, a lot of Americans (maybe 50 -60 %) are actually in middle to lower class. Ask any of them, and I'm sure you will hear a similar answer.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

13y ago

Answer from Building a Better America - One Wealth Quintile at a Time

The Top 20% of Americans control 84% of the wealth of America.

The 2nd 20% of Americans control 11% of the wealth of America.

The Middle 20% of Americans control 4% of the wealth of America.

The 4th 20% of Americans control 0.2% of the wealth of America.

The Bottom 20% of Americans control 0.1% of the wealth of America.

Answer from the U.S. Census Bureau (2008)

The Top 20% of Americans earn at least $55,000 in annual income.

The 2nd 20% of Americans earn between $32-55,000 in annual income.

The Middle 20% of Americans earn between $20-43,000 in annual income.

The 4th 20% of Americans earn between $10-20,000 in annual income.

The Bottom 20% of Americans earn less than $10,000 in annual income.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How rich are the richest Americans?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the adjectives in Mrs Turner is rich but Mr James is richer Mrs Yates is the richest?

Rich, richer and richest are the adjectives.


What is the superlative of the word rich?

richest


What is the superlative form of rich?

richest


Who is the richest person in Alaska?

There are none listed with Forbes 400 richest Americans.


What is the degree of rich?

"Rich" is the positive (as opposed to "richer" and "richest," which are the comparative and superlative).


Is Barack Obama one of the richest African Americans?

No. He can't compete with Oprah Winfrey and a host of professional athletes and entertainers. He was not at all rich before he got into politics.


Is the slovak republic a rich country?

no slovak is not the richest country. luxumberg is the richest country in the world


Is aubrey drake Graham rich?

he is super rich and he the top rapper in the universe. and the richest


Who is the richest out of jls?

they are all as rich as each other.


How can you be the richest man with nothing?

It depends on your definition of rich.


What is the comparative and superlative to the word rich?

richer and richest


How much rich is aminu dantata?

the richest in africa