Saturday, July 6, 2013

How You Can Quickly Make It into the World's 1% Richest

You might  already be there. If not, get a job at McDonald's and work overtime.

It only takes $34,000 a year, after taxes, to be among the richest 1% in the world, according to  World Bank economist Branko Milanovic in his book The Haves and the Have-Nots.

CNN reports on Milanovic data:
The true global middle class, falls far short of owning a home, having a car in a driveway, saving for retirement and sending their kids to college. In fact, people at the world's true middle -- as defined by median income -- live on just $1,225 a year. (And, yes, Milanovic's numbers are adjusted to account for different costs of living across the globe.)

No comments:

Post a Comment