Forget the ‘1%:' Super-rich 0.1% pull ahead even more

Matt Krantz usatoday.com The "top 1%" might be the primary target of the masses' ire and envy, but it's actually the top 0.1% who are grabbing a bigger slice of wealth. The average household in the top 1% pulled in earnings of $1,264,065 in 2012, according to a just-released analysis by investment firm Sadoff Investment Research. That's 41 times greater than the $30,997 average income of Americans. But even the top 1% can't keep up with the top 0.1%, which posted average earnings of $6,373,782, or 206 times the average families' income, Sadoff found. Nearly a quarter of these uber-weathy work in the financial industry. And 40% are executives, managers and supervisors, Sadoff says. A vast majority of the 0.1% live in New York, Los Angeles, San Francisco, Chicago, Washington D.C. or Houston.