“The 1%” is a common phrase used to describe the wealthiest Americans. But what does that mean exactly? And what does it take to be part of it? Understanding what it means to be in the top 1% by net worth can help put your own financial picture into perspective and highlight the stark differences in wealth across the United States. Read more: These are the 10 wealthiest states in the U.S. by income What is the 1%? “The 1%” refers to the wealthiest households in the U.S. — specifically, the 1% of house ...