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How much money you need to be part of the 1% worldwide
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How much money you need to be part of the 1% worldwide


Nov 2, 2018, 8:17 AM

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."

More than 19 million Americans are in the 1 percent worldwide, Credit Suisse reports, far more than from any other country, while "China is now clearly established in second place in the world wealth hierarchy," with 4.2 million citizens among the world's top 1 percent.

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.

https://www.cnbc.com/2018/11/01/how-much-money-you-need-to-be-part-of-the-1-percent-worldwide.html

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and here are the 1% income numbers for US states:


Nov 2, 2018, 8:20 AM

.

https://www.businessinsider.com/top-one-percent-every-us-state-2016-11

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One says net worth the other says earners


Nov 2, 2018, 9:18 AM

I qualify in terms of net worth according to this and I’m UDPAF, no where near in earnings.

Sounds like a bunch of number juggling to me.

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I as well. (Avoiding saying "me too"). Maybe these high


Nov 2, 2018, 11:06 AM

earners are spending all of their money.

Or maybe we don't get to count our 401K?

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Re: I as well. (Avoiding saying "me too"). Maybe these high


Nov 2, 2018, 11:37 AM

Gotta remember this counts up net worth of entire world then divides it by the entire world population. There are places where net worth is a couple hundred $$$ or less,some far less.

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Ah yes, you are correct sir! I has the stupid.***


Nov 2, 2018, 2:52 PM



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Re: Ah yes, you are correct sir! I has the stupid.***


Nov 2, 2018, 4:52 PM

Not at all, I fail at numbering some days too!

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