Are you part of the 1%?

Just how much money do you need to be among the global 1 percent?

According to the 2018 Global Wealth Report from Credit Suisse Research Institute, you need a net worth of $871,320 U.S. Credit Suisse defines net worth, or "wealth," as "the value of financial assets plus real assets (principally housing) owned by households, minus their debts...."


... To be among the top 10 percent worldwide, you don't even need six figures: A net worth of $93,170 will do it.

And even if you have just $4,210 to your name, you're still richer than half of the world's residents.


How much money you need to be part of the 1 percent worldwide

Pshaw!! I've got enough money to last me the rest of my life. If I don't live past Monday.:biggrin

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Originally Posted by Barnacle Bill

Pshaw!! I've got enough money to last me the rest of my life. If I don't live past Monday.:biggrin

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Hahahaha :Rofl

[QUOTE=deathb4disco;3720332]Just how much money do you need to be among the global 1 percent?

And even if you have just $4,210 to your name, you're still richer than half of the world's residents.


[url=https://www.cnbc.com/2018/11/01/how

most people i know live on credit an dont own anything. looks like the do though. thats what matters to them.

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Originally Posted by deathb4disco

Just how much money do you need to be among the global 1 percent?

According to the 2018 Global Wealth Report from Credit Suisse Research Institute, you need a net worth of $871,320 U.S. Credit Suisse defines net worth, or "wealth," as "the value of financial assets plus real assets (principally housing) owned by households, minus their debts...."


... To be among the top 10 percent worldwide, you don't even need six figures: A net worth of $93,170 will do it.

And even if you have just $4,210 to your name, you're still richer than half of the world's residents.


How much money you need to be part of the 1 percent worldwide

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Wow! I was expecting the figure to have 3 more zeros after it. Regardless of your income, not having any debt is a wonderful thing.

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Originally Posted by SeaRay

Wow! I was expecting the figure to have 3 more zeros after it. Regardless of your income, not having any debt is a wonderful thing.

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I would have thought the same thing. Not hard to make 93k when you are debt free. It feels great to be debt free, but I never knew I was in that class!! Top 10% and still can't retire..lol

Just to be clear, the OP is talking about net worth (assets minus debt), not income.

For income levels (US only), see here:

https://www.crappie.com/crappie/off-...8-upper-class/


As a side note, we are very fortunate to live in the USA:


Despite progress in reducing extreme poverty, nearly half the world's population lives on less than $5.50 a day, with a rising share of the poor in wealthier economies, the World Bank said Wednesday....

... And poverty is becoming entrenched in Sub-Saharan Africa, where 84.5 percent of the population still live on less than $5.50 a day, the report said.

Nearly half the world lives on less than $5.50 a day: World Bank

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Originally Posted by deathb4disco

Just to be clear, the OP is talking about net worth (assets minus debt), not income.

For income levels (US only), see here:

https://www.crappie.com/crappie/off-...8-upper-class/


As a side note, we are very fortunate to live in the USA:


Despite progress in reducing extreme poverty, nearly half the world's population lives on less than $5.50 a day, with a rising share of the poor in wealthier economies, the World Bank said Wednesday....

... And poverty is becoming entrenched in Sub-Saharan Africa, where 84.5 percent of the population still live on less than $5.50 a day, the report said.

Nearly half the world lives on less than $5.50 a day: World Bank

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I understood it was net worth. Been retired since 2002 so income would pale in todays world, or maybe not after reading this.

Net is all that counts. It's not how much you make but how much you keep.

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Originally Posted by Barnacle Bill

Pshaw!! I've got enough money to last me the rest of my life. If I don't live past Monday.:biggrin

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Got you beat, my financial guy said I could make it till next Tuesday if I stick to the Beanie Weenies.

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Originally Posted by Boscoe

Got you beat, my financial guy said I could make it till next Tuesday if I stick to the Beanie Weenies.

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What.....No potted meat ? Dang !

beanie wienies, potted meat, spam, these I consider canned cuisine....I am well stocked.

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Originally Posted by Cane Pole

beanie wienies, potted meat, spam, these I consider canned cuisine....I am well stocked.

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Eating that stuff is the secret to making it in the top percentile if you live long enough :cheers2

yes we are fortunate to live in the USA! for as long as it lasts. forces at work constantly chipping away at her. build it and build it now. lol

A boat and Newer Truck paid off --- You are in High Cotton

I would have been in that number, if, I had not got into the Crappie craze! I do love it though.

I'm tickled pink,just got my bank statement today,they informed me that 10 more payments and my 1972 Chevy truck will finally be mine!:biggrin