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Here’s how much you need to earn to be in the 1 percent across the world


November 07, 2018

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Trying to join the world’s 1 percent? Well, a new report outlines how much you need to save or have to be included in that group.

  • Net worth is defined as "the value of financial assets plus real assets (principally housing) owned by households, minus their debts” in the report.

  • More than 19 million Americans are in the 1 percent across the world.

  • China has 4.2 million of its citizens in the top 1 percent.

  • To be in the top 10 percent worldwide, you need a net worth of $93,170.

  • Those with $4,210 in net worth are richer than half of the world’s residents. Talk about perspective.

Signs:As CNBC pointed out, the report says "there are signs that wealth inequality is no longer rising. Here’s a passage from the report that explains the changes:

  • Shares of financial assets among the richest people "peaked in 2015 and has been declining since then. In previous reports, we predicted that wealth inequality would follow suit — possibly with a slight lag — and there is evidence that this is now the case. The share of the top decile (the top 10 percent of adults) and the top 5 percent remains at the same level as in 2016, while the share of the top 1 percent has edged down from 47.5 percent to 47.2 percent according to our best estimate."


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