The 1%

October 2017 marks the 100 year anniversary of Russia's October revolution, that overthrew the Tsarist elite. Today, 'the 1%' is colloquially used to refer to a group of elite earners whose income outstrips that of most of the population. According to GCRO’s QoL IV (2015/16) survey, households earning a monthly income of R76 801 and above constitute the top 1.35% of income earners in the GCR. Although they account for a tiny proportion of the population, the 1% take home nearly 1/3 of all monthly income. Their assets and outlooks suggest considerable privilege relative to the 99%.