====== Your Place in Society ======

The following is based on the work of Thomas Piketty in "Capital in the 21st Century".

  * 30,000 € : Average income (2010 values) \\
  * 180,000€ € : Average Private Wealth (6 times the income) \\
This private wealth is made up of equal parts real estate and financial instruments
  * 90,000  €  Real Estate 
  * 90,000  €  Financial Instruments (stocks, bonds, savings, or other investments)

Return on capital is typically on the order of 5%/year over the long run.\\
  * 9,000 € return on 180,000€ capital
=> 30% of income is derived from 


The above //"average citizen"// of course does not exist.\\

In terms of private wealth, the following sections of the wealth distribution:
  * 0%-50% - owns almost nothing (average 20k€) - lower class\\
  * 50%-90% - own ~  - Middle Class \\
  * 90%-100% - own 60% of total wealth => 6xAverage wealth = ~1'€ - Upper Class \\
The division inside this top 10% is however even more dramatic:
  * 90%-99% - own  ??(~15% of )
  * 99%-100% - own ....??~4'€ (25x average wealth)  ((Note piketty text varies between 180k and 200k€ as average wealth..))

In terms of income:
  * 


Income is 30% from 


10000  €  own furniture, refrigerators, cars, etc..  (1/3 of yearly income)