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Apparently you need a net worth of $11.1 million or an income of $758,434 per year to be in the top 1%. Source: https://www.investopedia.com/financial-edge/121
by nicolaslem 5y ago
Apparently you need a net worth of $11.1 million or an income of $758,434 per year to be in the top 1%.
Source: https://www.investopedia.com/financial-edge/1212/average-net-worth-of-the-1.aspx https://www.investopedia.com/financial-edge/1212/average-net...
- deleted 5y ago[deleted]
- shapefrog 5y agoYour source references https://dqydj.com/top-one-percent-united-states/ https://dqydj.com/top-one-percent-united-states/ https://www.epi.org/data/#?subject=wagegroup https://www.epi.org/data/#?subject=wagegroup etc. Those values are for the top 1% in the US - The "richest" nation on the planet. I have no idea why the author is presenting these as global numbers, but they quite clearly are. 0.23% of the worlds population have over $1mil in net worth. https://inequality.org/facts/global-inequality/ https://inequality.org/facts/global-inequality/
- nicolaslem 5y agoRight, I was surprised as well by the numbers. Thank you for double checking.