PebHmong Discussion Forum

General Category => General Discussion => Topic started by: theking on November 21, 2018, 05:12:22 PM

Title: Do you have about $4200 to your name? If yes, you are the top 50%
Post by: theking on November 21, 2018, 05:12:22 PM

...richest people in the world:

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

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."

Title: Re: Do you have about $4200 to your name? If yes, you are the top 50%
Post by: Fancee on November 26, 2018, 11:52:28 AM

nah .... I have more than that in savings ... not just to my name ... and I'm still poor. :P
(*sighs*)

Title: Re: Do you have about $4200 to your name? If yes, you are the top 50%
Post by: hmgROCK on November 26, 2018, 02:17:42 PM

This article is misleading

It don’t factor cost of living
And money among countries

$4200 is a lot for the rest of the world
But they ain’t paying $1000/month rent

Don’t compare apples to oranges

If you just compare USA folks
You want to add two more zero and make it
$420,000