The richest decile refers to the top 10% of earners in a given population, typically based on income or wealth. This group holds a disproportionate share of the total wealth and income within a society.
Here's a breakdown of what makes the richest decile so impactful:
- Income and Wealth Concentration: This group often earns significantly more than the other 90% of the population, leading to a significant gap in economic resources.
- Influence on Policy: The wealthy often have more political influence, shaping policies that impact the distribution of wealth and resources.
- Economic Impact: Their spending habits and investment decisions influence the economy and drive market trends.
It's important to note that the definition of "richest decile" can vary depending on the specific data source and metrics used. However, the general concept remains consistent: it represents the top 10% of earners in a population, often holding a considerable amount of wealth and influence.
