Turns out most Americans are doing quite well when compared with the rest of the world measured by both income and wealth. It would do well for the anti-capitalism crowd to keep that in mind.
To be in the 1% world-wide, your annual income needs to be $32,400 and to be at the median of wealth you need $53,352. Even to reach the top percentile in total wealth in the world, you only need $770,000, including the net value of your home. Americans would rank even higher in wealth if it were not for their fascination with buying on credit.
Categories: Observations on life