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Monday, December 5, 2011

The One Percent

The Occupy Wall Street movement has made an issue of the "one percent," those with incomes of at least $516,633. Gallup has just released a survey of the one percent:
When the party leanings of independents are taken into account, 57% of the nation's wealthiest adults associate themselves with the Republican Party, compared with 44% of the "99%." At the same time, Gallup polling finds little difference in the two groups' ideological views. Among the very wealthy, 39% say their political views are conservative, 41% call themselves moderate, and 20% liberal, similar to the percentages seen among all others.
Apart from their bank accounts, Gallup finds education to be the greatest difference between the wealthiest 1% of Americans and everyone else. The Gallup analysis reveals that 72% of the wealthiest Americans have a college degree, compared with 31% of those in the lower 99 percentiles. Furthermore, nearly half of those in the wealthiest group have postgraduate education, versus 16% of all others.