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>So they are producing about 1/4 then? We. Unless you are a extreme outlier here. The top 1% globally make 32k USD a year and up. I'd assume the vast majority

>So they are producing about 1/4 then? We. Unless you are a extreme outlier here. The top 1% globally make 32k USD a year and up. I'd assume the vast majority if not all of the people reading this are in the top 10%.

jdboyd 7y ago
The 2016 Global Wealth Report from Credit Suisse Research Institute says you need $744,400 in household assets to be in the top 1% globally. I don't think most Americans making $32k/yr will have that level of assets. In a different report from the same place, they say the average us household was just over 300k in 2014.
DoreenMichele 7y ago
I'm not readily finding a nice blurb that says "$xk annual income puts you in the top 10% globally." I've supported three adults with serious health issues on under $20k annually for years and was homeless for nearly six years while participating regularly here. I'm American. I have also seen comments on HN from people in very poor parts of the world. I don't think I'm the poorest person on HN. Yes, the population on HN skews towards the well heeled, apparently pretty strongly. But I have zero reason to believe that all participants here are globally in the top ten percent for wealth/income. And, in fact, I have reason to believe otherwise. https://www.cnbc.com/2018/11/07/how-much-money-you-need-to-be-in-the-richest-10-percent-worldwide.html https://www.cnbc.com/2018/11/07/how-much-money-you-need-to-b... A net worth of $93,170 U.S. is enough to make you richer than 90 percent of people around the world That absolutely does not include me. https://www.quora.com/What-salary-in-the-world-puts-you-in-the-top-10-top-5-and-the-top-1 https://www.quora.com/What-salary-in-the-world-puts-you-in-t... Meh, tired of looking for a definitive figure.
- fuzz4lyfe 7y ago
  My source: https://www.investopedia.com/articles/personal-finance/050615/are-you-top-one-percent-world.asp https://www.investopedia.com/articles/personal-finance/05061...
  - DoreenMichele 7y ago
    That source mostly delineates what defines global top one percent. I'm addressing your claim that most if not all people reading and participating in discussion on HN are in the top ten percent globally, for which you gave no figure and for which I cannot readily find a cut off figure for annual income per se. I did find a figure for net worth, which I cited. My net worth absolutely doesn't put me in the top ten percent globally and I'm American. Could you either kindly provide an exact figure on annual income for the top ten percent, or walk that claim back and admit you were in error on your assumptions about the readership here or both? Because I've been a regular participant for nearly a decade and I've been dirt poor for most of that time. Thanks.
    - fuzz4lyfe 7y ago
      Your 20k figure puts you at the top 3.65% globally in terms of annual income. You live in the richest nation ever to exist so that is unsurprising. Calculating wealth is harder due to the nature of debt and asset values. (Debt isn't consistently reported/asset values require estimation) Source: http://www.globalrichlist.com http://www.globalrichlist.com
      - deogeo 7y ago
        I selected US as the location, and entered 1000 $/year as the income. With that money, you end up homeless and starve to death in the US, yet that website shows you as being in the top 58% globally. That one gets to die homeless in the 'richest nation to exist' seems like poor comfort. So I don't think wealth measured in dollars is a good metric.
        fuzz4lyfe 7y ago
        How do you imagine people living off $1000 a year live around the globe? Most of them live in tin shacks with dirt floors without indoor plumbing or electricity subsisting on a diet of vegetables often grown by themselves. Frankly, I'd prefer a San Francisco tent city to that given the public services available here, not to mention the economic opportunities available.
imtringued 7y ago
Your generalisation doesn't make sense. There are a lot of college students and a few high schoolers browsing HN who have no significant income. Also you're forgetting that HN users come from pretty much all around the world. 8've seen a lot of indians posting here and they definitively aren't producing an excessive amount of CO2 per capita.

jdboyd 7y ago

The 2016 Global Wealth Report from Credit Suisse Research Institute says you need $744,400 in household assets to be in the top 1% globally. I don't think most Americans making $32k/yr will have that level of assets. In a different report from the same place, they say the average us household was just over 300k in 2014.

DoreenMichele 7y ago

I'm not readily finding a nice blurb that says "$xk annual income puts you in the top 10% globally." I've supported three adults with serious health issues on under $20k annually for years and was homeless for nearly six years while participating regularly here. I'm American. I have also seen comments on HN from people in very poor parts of the world. I don't think I'm the poorest person on HN. Yes, the population on HN skews towards the well heeled, apparently pretty strongly. But I have zero reason to believe that all participants here are globally in the top ten percent for wealth/income. And, in fact, I have reason to believe otherwise. https://www.cnbc.com/2018/11/07/how-much-money-you-need-to-be-in-the-richest-10-percent-worldwide.html https://www.cnbc.com/2018/11/07/how-much-money-you-need-to-b... A net worth of $93,170 U.S. is enough to make you richer than 90 percent of people around the world That absolutely does not include me. https://www.quora.com/What-salary-in-the-world-puts-you-in-the-top-10-top-5-and-the-top-1 https://www.quora.com/What-salary-in-the-world-puts-you-in-t... Meh, tired of looking for a definitive figure.

fuzz4lyfe 7y ago
My source: https://www.investopedia.com/articles/personal-finance/050615/are-you-top-one-percent-world.asp https://www.investopedia.com/articles/personal-finance/05061...
- DoreenMichele 7y ago
  That source mostly delineates what defines global top one percent. I'm addressing your claim that most if not all people reading and participating in discussion on HN are in the top ten percent globally, for which you gave no figure and for which I cannot readily find a cut off figure for annual income per se. I did find a figure for net worth, which I cited. My net worth absolutely doesn't put me in the top ten percent globally and I'm American. Could you either kindly provide an exact figure on annual income for the top ten percent, or walk that claim back and admit you were in error on your assumptions about the readership here or both? Because I've been a regular participant for nearly a decade and I've been dirt poor for most of that time. Thanks.
  - fuzz4lyfe 7y ago
    Your 20k figure puts you at the top 3.65% globally in terms of annual income. You live in the richest nation ever to exist so that is unsurprising. Calculating wealth is harder due to the nature of debt and asset values. (Debt isn't consistently reported/asset values require estimation) Source: http://www.globalrichlist.com http://www.globalrichlist.com
    - deogeo 7y ago
      I selected US as the location, and entered 1000 $/year as the income. With that money, you end up homeless and starve to death in the US, yet that website shows you as being in the top 58% globally. That one gets to die homeless in the 'richest nation to exist' seems like poor comfort. So I don't think wealth measured in dollars is a good metric.
      - fuzz4lyfe 7y ago
        How do you imagine people living off $1000 a year live around the globe? Most of them live in tin shacks with dirt floors without indoor plumbing or electricity subsisting on a diet of vegetables often grown by themselves. Frankly, I'd prefer a San Francisco tent city to that given the public services available here, not to mention the economic opportunities available.

imtringued 7y ago

Your generalisation doesn't make sense. There are a lot of college students and a few high schoolers browsing HN who have no significant income. Also you're forgetting that HN users come from pretty much all around the world. 8've seen a lot of indians posting here and they definitively aren't producing an excessive amount of CO2 per capita.