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Started By
Message
Are you in the 1% club?
Posted on 1/25/15 at 2:52 pm
Posted on 1/25/15 at 2:52 pm
Probably a moot question for all you OT ballers, but are you? I'm especially surprised by the disparity between the US and everyone else. I would have expected Europe and China to have more.
LINK
quote:
Obviously billionaires like Bill Gates, Warren Buffett and Mark Zuckerberg are part of the 1%. But who else is? According to Credit Suisse, another 47m people - everyone with wealth of $798,000 (£530,000) or more.
LINK
This post was edited on 1/25/15 at 2:54 pm
25
Posted on 1/25/15 at 2:56 pm to siliconvalleytiger
quote:
wealth of $798,000
net worth? that's pretty low
Posted on 1/25/15 at 2:58 pm to 777Tiger
Yep
Posted on 1/25/15 at 2:59 pm to 777Tiger
quote:My thoughts exactly. Anyone within 15 years of retirement should be at least there in terms of net worth.
net worth? that's pretty low
Posted on 1/25/15 at 3:00 pm to siliconvalleytiger
No. But I'm still a hardcore biker. I promise.
Posted on 1/25/15 at 3:00 pm to siliconvalleytiger
If wealth means net worth to them then yes.
Posted on 1/25/15 at 3:01 pm to siliconvalleytiger
that seems low even for 10%
Posted on 1/25/15 at 3:01 pm to siliconvalleytiger
There are two types of 1%
Posted on 1/25/15 at 3:01 pm to SEClint
quote:
There are two types of 1%
and a mud check is the only way to verify
Posted on 1/25/15 at 3:02 pm to 777Tiger
quote:
net worth? that's pretty low
Super low.
The median American net worth is under fifty grand; the average is roughly three hundred grand.
Posted on 1/25/15 at 3:03 pm to siliconvalleytiger
quote:
$798,000
How is this a lot, my whole high school had 1 percenters, shite that's weak
Posted on 1/25/15 at 3:03 pm to ell_13
quote:
Anyone within 15 years of retirement should be at least there in terms of net worth.
I mean, people fresh out of college should be in the same position as them.
Also, is that graphic world wide? I'd rather see the 1% by region.
This post was edited on 1/25/15 at 3:04 pm
Posted on 1/25/15 at 3:03 pm to siliconvalleytiger
$798k???
If I don't have the equivalent of today's 2 million dollars by the time I'm 60, I'll be pissed
If I don't have the equivalent of today's 2 million dollars by the time I'm 60, I'll be pissed
Posted on 1/25/15 at 3:04 pm to siliconvalleytiger
quote:
everyone with wealth of $798,000
so anyone over 50 that ever plans to retire
Posted on 1/25/15 at 3:06 pm to bayoubengals88
I think we would fall into UHNWI. Although all this fascination with status is pretty pathetic. I think this board is full of the most self-absorbed and self-aggrandizing people on the internet.
Posted on 1/25/15 at 3:07 pm to noonan
quote:More than likely. Which may explain why it's a low number... Between all the poor people in China and India.
Also, is that graphic world wide
Posted on 1/25/15 at 3:09 pm to 777Tiger
If you think $800k is low net worth, you spend too much time on the OT or with your financial peers and don't realize how hard this is for most people in this country. Think about average non baller incomes.
Posted on 1/25/15 at 3:11 pm to CajunAlum Tiger Fan
It does seem low but there is a stark disparity in wealth between the West and Asia and Africa. This is still considering the considerable economic boom in China and India. It hasn't translated for the masses there.
This post was edited on 1/25/15 at 3:12 pm
Posted on 1/25/15 at 3:13 pm to CajunAlum Tiger Fan
quote:
If you think $800k is low net worth, you spend too much time on the OT or with your financial peers and don't realize how hard this is for most people in this country. Think about average non baller incomes.
nearing the end of my career and have time to start coasting, from my vantage point, 800k is poor, particularly when you are thinking of ending your conventional earning phase and want to maintain a decent lifestyle for who knows how many more years, I guess it's a matter of perspective but I've been working a long time
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