Fascinating (and short) article in the economics blog of the NYT yesterday. I tended to attribute the income inadequacy feeling to a 'keeping up with the Jones' but this article makes a good point:
Those in the middle earn a little less than people a few percentiles up from them, whereas those at the top earn a lot less than their counterparts in nearby, higher percentiles. For example, those who aspire to hop from the 30th percentile to the 35th percentile would need in increase their cash income by $4,000 annually (or by about 17 percent); those who aspire to hop from the 91st percentile to the 96th percentile would require an increase of $324,900 (or 171 percent).
Good stuff (Hat tip TBP)
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