1 month ago
The 2018 Global Wealth Report from Credit Suisse Research Institute was released and found that people with just $4,210 to their name, not much money to a millionaire, are richer than 50% of the world’s population, CNBC reports.
If you’re looking to breach the top 10% of the world’s wealthiest you don’t even need a six-figure income. It turns out that $93,170 in US dollars will propel you to world-wealthy status, but you’ll need to make a greater leap if you’re looking to become a one-percenter. That leap will cost you $871,320 bucks.
The US leads the pack with most millionaires. America accounts for 41% of the world’s total- the most out of any country on the planet. And $403,974 is the average wealth per adult in the United States, while the average per adult is $61,667.
A bit of good news? It appears as though wealth inequality, globally, is no longer on the rise, Credit Suisse explains. “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.”Read the full story at CNBC