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I would guess that a large proportion of people reading this comment have incomes in the top 1% globally. http://www.investopedia.com/articles/personal-finance
by jeremysmyth 11y ago
I would guess that a large proportion of people reading this comment have incomes in the top 1% globally.
http://www.investopedia.com/articles/personal-finance/050615/are-you-top-one-percent-world.asp http://www.investopedia.com/articles/personal-finance/050615...
Interestingly, this is less likely to be the case in wealth terms; many people globally with a lot of wealth (e.g. in agricultural land) have relatively low incomes, and the opposite is also true.
- bzbarsky 11y agoMeasuring wealth without adjusting for lifecycle effects (which is how it's usually done) is a meaningless exercise. A doctor four years into his or her career almost certainly has negative wealth, while any retiree not solely depending on a government pension presumably has some reasonable wealth.