Charlie Buttrey

March 6, 2019

Despite the fact that women earn half of all law and medical degrees, there is only one women for every 21 men in the top 1 percent of earners, and that figure has not changed in 20 years.

According to this article on the msnbc.com website, the best route for a woman to reach the top 1 percent is to marry rich: “Women were 84 percent less likely than men to have a personal 1 percent status, and only 4.5 percent of women could earn enough themselves to qualify for the top 1 percent, according to the analysis of Federal Reserve data from 1995 to 2016.

“Married women, on the other hand, had much higher odds, largely due to their spouse’s incomes. They were 991 percent more likely than single women to be in the top 1 percent, compared to married men at 71 percent.”

To make the top 1%, by the way, you need a minimum household income of $845,000.

 

© 2019 Charlie Buttrey Law by Nomad Communications