3 ms·
$1M is now high net worth?
by blibble 3y ago
$1M is now high net worth?
- csomar 3y agoIt excludes primary real estate.
- 0xbadc0de5 3y agoAlways has been. See related VHNW, UHNW. https://en.wikipedia.org/wiki/High-net-worth_individual https://en.wikipedia.org/wiki/High-net-worth_individual
- blibble 3y agomight have made sense in 1996 when they started using the term...
- southernplaces7 3y agoFor more than 99% of the world's population it most definitely is. For many, many of them, it's almost an incredible, dreamlike amount of money to have.
- YiraldyGuber 3y agoFor many of the countries in these lists it might just be working class retirees who sold their modest family home in the suburbs.
- boulos 3y agoIt's roughly the top 1% globally: https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-report-2022-en.pdf https://www.credit-suisse.com/media/assets/corporate/docs/ab... If you don't care for the global measure, you can focus on your country or region. But for a global measure, like for this map, it's relevant.
- jebarker 3y agoWouldn't it make more sense if HNW was relative to the individual country for this map? e.g. a non-HNW individual leaving the US may become a HNW individual in another country. EDIT: I understand HNW has a definition already, I just mean maybe it's not the most informative measure to use for this graph.
- expertentipp 3y ago> https://www.credit-suisse.com https://www.credit-suisse.com > Editorial deadline: 1 September 2022 Half a year later they weren't that smarty-pants anymore!
- deleted 3y ago[deleted]