Pshaw!! I've got enough money to last me the rest of my life. If I don't live past Monday.
Just how much money do you need to be among the global 1 percent?
According to the 2018 Global Wealth Report from Credit Suisse Research Institute, you need a net worth of $871,320 U.S. Credit Suisse defines net worth, or "wealth," as "the value of financial assets plus real assets (principally housing) owned by households, minus their debts...."
... To be among the top 10 percent worldwide, you don't even need six figures: A net worth of $93,170 will do it.
And even if you have just $4,210 to your name, you're still richer than half of the world's residents.
How much money you need to be part of the 1 percent worldwide
Last edited by deathb4disco; 11-01-2018 at 08:01 PM.
Pshaw!! I've got enough money to last me the rest of my life. If I don't live past Monday.
Fair Winds and Following Seas
Bill H. PTC USN Ret
Chesapeake, Va
[QUOTE=deathb4disco;3720332]Just how much money do you need to be among the global 1 percent?
And even if you have just $4,210 to your name, you're still richer than half of the world's residents.
[url=https://www.cnbc.com/2018/11/01/how
most people i know live on credit an dont own anything. looks like the do though. thats what matters to them.
Just to be clear, the OP is talking about net worth (assets minus debt), not income.
For income levels (US only), see here:
https://www.crappie.com/crappie/off-...8-upper-class/
As a side note, we are very fortunate to live in the USA:
Despite progress in reducing extreme poverty, nearly half the world's population lives on less than $5.50 a day, with a rising share of the poor in wealthier economies, the World Bank said Wednesday....
... And poverty is becoming entrenched in Sub-Saharan Africa, where 84.5 percent of the population still live on less than $5.50 a day, the report said.
Nearly half the world lives on less than $5.50 a day: World Bank
Net is all that counts. It's not how much you make but how much you keep.