Tuesday, October 14, 2014

If You Have $3,650, You're Among Wealthiest Half of People in the World

According to Credit Suisse's Global Wealth Report for 2014, if you have $3,650, including the value of your home, you’re among the wealthiest half of people in the world. (This is net wealth - so, once debts have been subtracted.) The other half own less than 1% of global wealth, while 77pc of adults - that’s 3.3bn people - have less than $10,000.

To be in the top 10% of people, you need at least $77,000. To make it into the top percentile of the world’s wealthiest, you need $798,000.

Switzerland,a free market country with little in natural resources, is the only country where average wealth is higher than $500,000.

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