Harder To Be In The Top 1% -- Investor Insights from Glen Eagle

Harder To Be In The Top 1%

March 5, 2024

Enjoy this week's "Investor Insights," a weekly newsletter highlighting the financial news you need and providing tips and tricks to help you make better investment decisions.

Breaking into the top 1% of wealth in the US is becoming more challenging. Individuals now would require at least $5.8 million to join, nearly 15% higher than the previous year. ₁

$100K invested 30 years ago would have very different values on an inflation-adjusted basis depending on where it was placed. A cash investment would have lost 52.5% of its value, a bond investment would be up 55.2%, and a US stock investment would be up 766%! _*2

In 2023, the US experienced the highest number of major work stoppages since 2000, involving 33 strikes with over 1,000 workers each. Among the 459,000 striking workers, 48% worked in education or healthcare and 43% in information services. ₃

The top 20% of income earners in the US drive nearly 40% of consumer spending, while the lowest income group contributes only 9%. ₄

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Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.

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