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Kaunisto Profile
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What you need to be in wealthiest 50%/10%/1% in the world


]Here's how much money it takes to be among the richest 50 percent of people worldwide
quote:

If you have just $4,210 to your name, you're better off than half of people around the globe.

That's according to the 2018 Global Wealth Report from Credit Suisse Research Institute, which also found that to be among the top 10 percent , you don't even need six figures: A net worth of $93,170 U.S. is enough to make you richer than 90 percent of people worldwide.

It takes significantly more to join the global 1 percent, Credit Suisse reports: a net worth of $871,320 .

The institute defines net worth, or "wealth," as "the value of financial assets plus real assets (principally housing) owned by households, minus their debts."

These numbers reflect the extreme level of persistent wealth inequality . As Credit Suisse puts it, "While the bottom half of adults collectively owns less than 1 percent of total wealth, the richest decile (top 10 percent of adults) owns 85 percent of global wealth, and the top percentile alone accounts for almost half of all household wealth (47 percent)."



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Nov/20/2018, 20:54 Link to this post Send PM to Kaunisto
 
Petal Alderin Profile
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What you need to be the wealthiest ...


That equates to about R60 thousand in our money. The $4210, that is. Considering the poverty world wide there are a lot of extremely wealthy people in our government.

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Nov/22/2018, 16:18 Link to this post Send PM to Petal Alderin
 
Petal Alderin Profile
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What you need to be the wealthiest .(..


That equates to about R60 thousand in our money. The $4210, that is. Considering the poverty world wide there are a lot of extremely wealthy people in our government.

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Nov/22/2018, 16:18 Link to this post Send PM to Petal Alderin
 
Morwen Oronor Profile
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Re:


I read a similar thing about our country in particular. I forget where I saw it, but according to that report with our monthly income, we're up there with the elite.
Nov/24/2018, 20:36 Link to this post Send PM to Morwen Oronor
 


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