While one in eight Americans might visit the 1 percent for a year, only one in a hundred stay there for a decade or more

Here's How Much Money Someone

 Has To Make To Be In The 1%

by KRISSY CLARK 

The "1 percent" and the "99 percent" have become household phrases in the last few years.

But in the course of moving discussions of income distribution percentiles beyond economic text books and in to the popular discourse of sound bites and protest signs, the nuances can get lost. Which brings us to some interesting new research about the 1 percent, discussed in a recent book called “Chasing the American Dream.”

Back when the Occupy Wall Street movement was fond of chanting “We are the 99 percent” the book’s co-author, Mark Rank, got curious about some of the assumptions buried in that chant. Who exactly is the 99 percent? What’s their relationship to that remaining, increasingly notorious 1 percent?

The whole debate struck Rank as very us versus them. “There’s this image out there that those two groups do not cross over — that they're static groups,” he says.

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