Theory of the Leisure Class
From Angry Bear
Starting with the $200-500K category, the share of earnings from labor begins a marked decline. By the time you hit mid-six figures, average earnings from income, dividends, and capital gains become high enough to provide middle-class or better incomes without (necessarily) working. Tax returns in the upper-six-figure bucket, on average, show more income from other sources collectively than from salaries, and at the top of the income scale even interest and dividend income exceeds wages and salaries. I suggest that if you can provide yourself with a better-than-average living without working, a very rare luxury indeed, you are in fact rich.
Posted: January 6th, 2010 under Geek Stuff, The Dismal Science.
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