The Atlantic

Why Don't the 1 Percent Feel Rich?

The merely rich are making more, but they're not worth more. It's the 0.01 percent that are creating our new Gilded Age.
Source: Henry Nicholls / Reuters

It's hard out there for the 1 percent.

Okay, that's not true at all. But they think it is. If you talk to people on Wall Street, most of them—even, in my experience, the ones shopping for Lamborghinis—will tell you that they're "middle class." Their lament, the lament of the HENRY (short for "high-earner, not rich yet"), goes something like this. try living on when you have to pay taxes, the mortgage on the, the private school tuition on, the appropriately exclusive vacation, and max out your retirement and college savings accounts. There just isn't that much each month !

You're reading a preview, sign up to read more.

More from The Atlantic

The Atlantic4 min readPolitics
Seven Questions That Need Answers Before Any Attack on Iran
President Trump’s threats of retaliation for strikes on Saudi oil facilities seem premature.
The Atlantic11 min readPolitics
Can This Small Party Stop Brexit?
BOURNEMOUTH, England—Standing onstage in front of her party faithful, Jo Swinson had a surprise. At the opening rally of the Liberal Democrats’ conference here at the British seaside, the crowd knew what to expect—all week, rumors had been buzzing th
The Atlantic6 min readScience
When One Big Cat Is Almost Like the Other
India’s Supreme Court has to decide if African cheetahs could sub in for the country’s long-lost population of Asiatic cheetahs.