U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 01-27-2015, 03:08 PM
 
Location: Wake County, NC
2,983 posts, read 3,885,756 times
Reputation: 3505

Advertisements

The average 1 percenter in Florida makes 43.3 times the average 99%. This is one of the highest levels of income equality in the country. If Florida was a smaller state this would be easier to explain, but it's the 3rd most populated state in the country.

This is how much you need to earn to join your state's top 1 percent - Vox
Quick reply to this message

 
Old 01-27-2015, 03:14 PM
 
Location: FLORIDA
8,964 posts, read 6,573,099 times
Reputation: 3397
gotta be the wealthy retirees making this so out of whack.
Quick reply to this message
 
Old 01-27-2015, 03:15 PM
 
Location: Seminole County, FL
10,690 posts, read 7,413,330 times
Reputation: 13544
Well, considering so many Floridians chose (yes, I did say CHOSE) to settle working menial jobs, and the fact that there's a sizable amount of pro athletes, wealthy retirees whose NYC retirement pensions are well into six figures, and big name entertainers who chose to make their homes here, this isn't surprising.
Quick reply to this message
 
Old 01-27-2015, 03:19 PM
 
Location: Nashville TN
4,924 posts, read 5,090,955 times
Reputation: 4778
Not a shocker all the wealthy athletes and Wall St fat cats move to Florida to get away with not paying any state tax. Lot of wealthy internationals steal money from their 3rd world countries and move to Florida as well
Quick reply to this message
 
Old 01-27-2015, 03:22 PM
 
Location: Wake County, NC
2,983 posts, read 3,885,756 times
Reputation: 3505
I know there are many wealthy retirees in Florida, but they would need a $378K annual income to qualify as the 1% in Florida. I doubt too many pensions pay that kind of income.

Nevada is another state on the list that has me scratching my head. I can see Connecticut and even NY.
Quick reply to this message
 
Old 01-27-2015, 03:23 PM
 
Location: Nashville TN
4,924 posts, read 5,090,955 times
Reputation: 4778
Quote:
Originally Posted by Arcenal352 View Post
Well, considering so many Floridians chose (yes, I did say CHOSE) to settle working menial jobs, and the fact that there's a sizable amount of pro athletes, wealthy retirees whose NYC retirement pensions are well into six figures, and big name entertainers who chose to make their homes here, this isn't surprising.
Not too mention international white collar criminals and Wall St bankers who steal a lot of wealth and move to Miami Beach and Palm Beach.
Quick reply to this message
 
Old 01-27-2015, 03:38 PM
 
Location: Central Mexico and Central Florida
7,154 posts, read 3,678,944 times
Reputation: 10381
Quote:
Originally Posted by UKWildcat1981 View Post
Not a shocker all the wealthy athletes and Wall St fat cats move to Florida to get away with not paying any state tax. Lot of wealthy internationals steal money from their 3rd world countries and move to Florida as well
It's called financial planning. If more folks did some planning (financial, educational, family), there's be a much smaller gap between the haves and the have nots.
Quick reply to this message
 
Old 01-27-2015, 03:40 PM
 
Location: Nashville TN
4,924 posts, read 5,090,955 times
Reputation: 4778
Quote:
Originally Posted by Arcenal352 View Post
Well, considering so many Floridians chose (yes, I did say CHOSE) to settle working menial jobs, and the fact that there's a sizable amount of pro athletes, wealthy retirees whose NYC retirement pensions are well into six figures, and big name entertainers who chose to make their homes here, this isn't surprising.
Quote:
Originally Posted by dothetwist View Post
It's called financial planning. If more folks did some planning (financial, educational, family), there's be a much smaller gap between the haves and the have nots.
Not too hard to be uber rich when you run ponzi schemes or steal millions from your own countries banks in South and Central America and Eastern European countries and move to Florida.. Florida has lax laws on everything financial related and real estate related.
Quick reply to this message
 
Old 01-27-2015, 03:43 PM
 
Location: US
19,303 posts, read 18,904,239 times
Reputation: 15160
It doesn't surprise me about the wealth gap, not only in FL, but in the country. There are so many people who have no clue when it comes to savings, retirement, investments etc. They blame fat cats on Wall Street, when in fact if they would learn how to invest, they could share a piece of the pie. I started investing with around $2,500 when I was a sophomore in high school about 10 years ago. My account is now over $400,000. I've added money into my account over the years, but the vast majority has been returns. Opportunities are out there, people just need to find them and educate themselves. I think public schools should teach life skills such as budgeting, savings, investing, retirement plans etc. One of my friends posted on Facebook that she and her husband were in debt by the tens of thousands and she went to ____forgot his name____ seminar and bought his book on budgeting and now they are almost debt free 5 years later. She went on to explain what he taught them and it was a freaking basic daily budget... I was shocked that a 20 year old didn't know how to make a simple budget on excel, but I guess there are many more like her.
Quick reply to this message
 
Old 01-27-2015, 03:45 PM
 
Location: Nashville TN
4,924 posts, read 5,090,955 times
Reputation: 4778
Quote:
Originally Posted by bmw335xi View Post
It doesn't surprise me about the wealth gap, not only in FL, but in the country. There are so many people who have no clue when it comes to savings, retirement, investments etc. They blame fat cats on Wall Street, when in fact if they would learn how to invest, they could share a piece of the pie. I started investing with around $2,500 when I was a sophomore in high school about 10 years ago. My account is now over $400,000. I've added money into my account over the years, but the vast majority has been returns. Opportunities are out there, people just need to find them and educate themselves. I think public schools should teach life skills such as budgeting, savings, investing, retirement plans etc.

I made a lot of money just on Apple and Microsoft over the years, enough to pay for all of my undergrad college, graduate school, a few cars, a to buy a house. I did get lucky thou because some of my family helped me out with stocks and which stocks to buy.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top