The one percent

Published

Journal Article (Review)

Recent protest movements brought attention to the one percent, a segment of the population that is critical to understanding inequality and social mobility but that attracts relatively little research attention. In this article, I survey current research on the one percent in the United States. I distinguish income from wealth and show that both are very concentrated but that the concentration of wealth, particularly financial wealth, is extremely high. I describe the demographic traits and finances of households who are in the one percent and discuss how these have changed in the past decade. I review literature that explains rising top incomes, and I propose that future research will usefully concentrate more on top wealth owners and on the demographic and life course processes that underlie income and wealth concentration. I conclude by speculating about why Americans are so tolerant of resource concentration. © Copyright ©2014 by Annual Reviews. All rights reserved.

Full Text

Duke Authors

Cited Authors

  • Keister, LA

Published Date

  • January 1, 2014

Published In

Volume / Issue

  • 40 /

Start / End Page

  • 347 - 367

International Standard Serial Number (ISSN)

  • 0360-0572

Digital Object Identifier (DOI)

  • 10.1146/annurev-soc-070513-075314

Citation Source

  • Scopus