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If suddenly in the 1%? - Printable Version

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Re: If suddenly in the 1%? - SteveG - 01-19-2016


New reception staff in my building lobby


Re: If suddenly in the 1%? - OWC Jamie - 01-19-2016

Ted King wrote:
Are you talking about the top 1% in wealth or income? Are you talking about top 1% relative to the US or relative to the whole world?

http://www.investopedia.com/articles/personal-finance/050615/are-you-top-one-percent-world.asp

Relative to worldwide:

According to the Global Rich List, a website that brings awareness to worldwide income disparities, an income of $32,400 a year will allow you to make the cut.
- - - - - -
The threshold is significantly higher if you look at the top percentile by wealth instead of income. To reach that status, you’d have to possess $770,000 in net worth, which includes everything from the equity in your home to the value of your investments.


Relative to the US:

Of course, Americans live in the United States, contending with U.S. prices. Who constitutes the one percent if you just look at the U.S.? Not surprisingly, it takes a massively higher income to crack the top percentile of wage earners: You’d have to make $434,682 in adjusted gross income to make the cut, according to the non-partisan Tax Foundation.

And to rank amongst the highest one percent of Americans by wealth? That requires net assets of more than $7 million, based on the latest Federal Reserve figures.


just pick one and go with it
it's a fantasy for chrisakes


Re: If suddenly in the 1%? - beagledave - 01-19-2016




Re: If suddenly in the 1%? - sekker - 01-20-2016

Funny, we had a similar conversation over the weekend at a retreat.

I honestly hope that I would not change my lifestyle personally - like maybe still visiting here! - but that I'd feel far more able to help others in need.


Re: If suddenly in the 1%? - Speedy - 01-20-2016

My thoughts, too. It'd be all about me, me, me!!! (See, I'd fit right in!)

beagledave wrote: