July 3, 2020

FIND OUT How Much Money You Need To Be Among The Richest 10 Percent Of People Worldwide AND How Much Money You Have To Make To Be In The TOP 1% In Different Countries Around The World.

๐Ÿ‘‡ THIS IS THE COMMUNIST DEMOCRAT PARTY ๐Ÿ‘‡
CNBC
written by Kathleen Elkins
Wednesday November 7, 2018

To be among the global top 10 percent, you may not need as much money as you think. According to the 2018 Global Wealth Report from Credit Suisse Research Institute, 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 around the world, Credit Suisse reports. The institute defines net worth, or “wealth,” as “the value of financial assets plus real assets (principally housing) owned by households, minus their debts.”

More than 102 million people in America are in the 10 percent worldwide, Credit Suisse reports, far more than from any other country.

You need significantly less to be among the global 50 percent: If you have just $4,210 to your name, you’re still richer than half of the world’s residents. And it takes a net worth of $871,320 to join the global 1 percent. More than 19 million Americans qualify, Credit Suisse reports.

These numbers reflect the extreme level of persistent wealth inequality. As Credit Suisse puts it, “While the bottom half of adults collectively owns less than 1 percent of total wealth, the richest decile (top 10 percent of adults) owns 85 percent of global wealth, and the top percentile alone accounts for almost half of all household wealth (47 percent).”

The good news is, “there are signs that wealth inequality is no longer rising,” Credit Suisse says.

The share of financial assets among many of the richest people and richest countries “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 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.”

It’s too early to conclude that wealth inequality is on a downward trend, Credit Suisse reports, but “the prevailing evidence suggests it may well have leveled out, albeit at a very high level.”

๐Ÿ‘‡ NOW I'M GOING TO ADD AVERAGE ANNUAL SALARY PER COUNTRY ๐Ÿ‘‡

Business Insider
written by Bryan Pietsch
Wednesday April 1, 2020

From India to Australia to the United States, the income needed to join the top 1% varies greatly from country to country.

According to new data from the World Inequality Database and Statistics Canada compiled by Bloomberg's Ben Steverman and Reade Pickert, it takes about $488,000 to be in the top 1% in the United States, but it takes about half that to join the top 1% in Australia.

Here's a ranking of how much you need to earn to join the top 1% in countries around the world, as well as what the average incomes in those countries are, according to a list compiled by Business Insider from World Data. ๐Ÿ‘‡

India: $77,000
The average ANNUAL income in India is $2,020.

China: $107,000
The average ANNUAL income in China is $9,470.

Italy: $169,000
The average ANNUAL income in Italy is $33,560.

Brazil: $176,000
The average ANNUAL income in Brazil is $9,140.

South Africa: $188,000
The average ANNUAL income in South Africa is $5,750.

Canada: $201,000
The average ANNUAL income in Canada is $44,860.

France: $221,000
The average ANNUAL income in France is $41,070.

Australia: $246,000
The average ANNUAL income in Australia is $53,190.

United Kingdom: $248,000
The average ANNUAL income in the United Kingdom is $41,330.

Germany: $277,000
The average ANNUAL income in Germany is $47,450.

Bahrain: $485,000
The average ANNUAL income in Bahrain is $47,436.

United States: $488,000
The average ANNUAL income in the United States is $62,850.

Singapore: $722,000
The average ANNUAL income in Singapore is $58,770.

United Arab Emirates: $922,000
The average ANNUAL income in the United Arab Emirates is $40,880.

๐Ÿ‘‡ THIS IS THE STUPIDITY MARXISTS ARE TEACHING ๐Ÿ‘‡
๐Ÿ‘‡ PAY ATTENTION COMMUNIST ARE WORKING HARD
TO OVERTHROW AMERICA'S CAPITALIST SYSTEM
FROM THE INSIDE OUT ๐Ÿ‘‡
Socialism is lipstick on the face of Communist. They're Marxists.
Karl Marx wrote the Communist Manifesto they all follow.
๐Ÿ‘‡ SUCH LIES ๐Ÿ‘‡
๐Ÿ‘‡ DID YOU KNOW ๐Ÿ‘‡

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