from financial information company SmartAsset broke down how much money people need to make to be among the top 1% of highest earners in each state. This data, which was pulled from the IRS and Bureau of Labor Statistics, found that slightly over $650,000 is the national benchmark to be considered in the top 1%.of the nation's wealth. The bottom half of households, on the other hand, hold just 2%.
Most states had a higher threshold this year than in 2022, though New York stayed around the same at around $777,000.this drastic variation was due to differences in tax filing procedures, movement of high-earners, and income changes. Americans across the wealth spectrum have felt the impact of higher prices over the last few years, though
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