3 ms·
Looks like in 2018, "total assets" is $110 trillion, and an overall net worth of just under $98 trillion. This puts 70% of net worth/total wealth at $68.5 tril
by neogodless 7y ago
Looks like in 2018, "total assets" is $110 trillion, and an overall net worth of just under $98 trillion.
This puts 70% of net worth/total wealth at $68.5 trillion, owned by the top 10%. I'm sure someone can find the "number of households" but I don't have it handy, so I'm going to just go with 120 million, and see what the average wealth of the top 10% (12 million households) is:
$5.7 million
Of course, the 9.999% above the bottom person could own way more, and that final 0.001% that qualifies might have much less than $5.7 million. So how do you figure out that piece?
Oh - someone else provided a link: https://news.ycombinator.com/item?id=20051782 https://news.ycombinator.com/item?id=20051782
Looks like in 2017 $1.1 million qualified you for 10%, while a little over $10 million qualifies you for 1%. (That's almost too neat...)