Advertisement

Author Topic: Do you have about $4200 to your name? If yes, you are the top 50%  (Read 1108 times)

0 Members and 1 Guest are viewing this topic.

Offline theking

  • Elite Poster
  • *****
  • Posts: 67463
  • Respect: +1389
    • View Profile
...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."



Like this post: 0

Adverstisement

Offline Fancee

  • Global Moderator
  • *****
  • Posts: 49905
  • Shine bright like a diamond
  • Respect: +340
    • View Profile
    • First Financial Security Senior Associate
Re: Do you have about $4200 to your name? If yes, you are the top 50%
« Reply #1 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*)



Like this post: 0
Life insurance with living benefits.
Life insurance with a savings plan.
http://clients.firsfinancialsecurity.com/WF1700

Offline hmgROCK

  • Elite Poster
  • *****
  • Posts: 43038
  • The Hmong Nostradamus
  • Respect: +217
    • View Profile
Re: Do you have about $4200 to your name? If yes, you are the top 50%
« Reply #2 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


« Last Edit: November 26, 2018, 02:20:16 PM by hmgROCK »

Like this post: 0
God did not created man...man created god

 

Advertisements