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Top 10percent

All articles tagged with #top 10percent

GOP Tax Law Mainly Benefits the Rich, Worsening Inequality

Originally Published 5 months ago — by MarketWatch

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Source: MarketWatch

A recent analysis by the Congressional Budget Office indicates that President Trump's new tax law benefits the top 10% of earners by approximately $13,600 annually over a decade, with middle-class households also gaining modestly, while the poorest Americans face financial losses and increased health coverage gaps due to cuts in social programs.

Retirement Reality Check: Are You Saving Enough to Join the Top 10%?

Originally Published 2 years ago — by Yahoo Finance

A study by the Economic Policy Institute (EPI) reveals that the average earnings of the top 10% of Americans in 2020 were around $173,000. To retire among this group, it is recommended to accumulate at least $2.5 million in retirement savings. Starting early, investing consistently, diversifying investments, living below your means, and seeking expert advice are key strategies to achieve this goal.