cording to the OECD in 2012 the top 0.6% of world population (consisting of adults with more than US$1 million in assets) or the 42 million richest people in the world held 39.3%
of world wealth. The next 4.4% (311 million people) held 32.3% of world wealth.
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On the other hand, how many people are in the 1%?
The United States has 325 million people—in 160 million households, as viewed by the Internal Revenue Service. That means 1.6 million households fall into the 1 percent category.
So is, how rich is the average person? The average net worth of American families is $748,800, according to the most recent data from the Federal Reserve's 2019 Survey of Consumer Finances. Between 2016 and 2019, the average American family's net worth increased by 2%.
Not to mention, what is 1% of the population of the world?
78 million people is one percent of the total global population of 7.8 billion.
What is the 1% in America?
The top 1% represents about 1.3 million households who roughly make more than $500,000 a year -- out of a total of almost 130 million.
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A September 2017 study by the Federal Reserve reported that the top 1% owned 38.5% of the country's wealth in 2016. According to a June 2017 report by the Boston Consulting Group, around 70% of the nation's wealth will be in the hands of millionaires and billionaires by 2021.
So the average 18 year old net worth is around $5,000. However, the top 1% of those who are 18 have $300,000: these people may have gotten this through inheritance, or they were entrepreneurs.
Respondents to Schwab's 2021 Modern Wealth Survey said a net worth of $1.9 million qualifies a person as wealthy. The average net worth of U.S. households, however, is less than half of that.
For Americans overall, the top 1% of earners average $1.697 million of annual income. But because that's an average, it means that the range of income you need to be among the richest Americans based on annual income starts much lower. In fact, you only need $545,978 or more annual income to become a one percenter.
Similarly, Luxembourg's population is just under 633,000—but it's the richest country in the world on a per capita basis....Mapped: The 25 Richest Countries in the World.
CountryGDP per capita (USD)
Retiring At 45 Or Later Is Probably Best After tax, we're only talking about $52,000. ... Retiring with $5,000,000: Having $5,000,000 in after-tax income generating $200,000 a year in passive income is about right if you have a family and plan to live in an urban city like SF, LA, NYC, Seattle, DC, and Boston.
Surveys of physicians consistently demonstrate that only half of physicians are millionaires. Of even more concern, surveys show that 25% of doctors in their 60s are still not millionaires and 11-12% of them have a net worth under $500,000!
Schwab conducted a Modern Wealth survey in 2021 and found that Americans believe you need an average personal net worth of $1.9 million in order to be considered wealthy. This would mean that the value of the property you owned, minus everything you owe, would need to add up to almost $2 million.
Most Americans earn their incomes from wages and salaries. ... The top one percent of U.S. income-earners got only about two-fifths of their 2007 incomes from wages and salaries, and obtained close to three-fifths from all kinds of capital income, including profits, dividends, interest, rent, and capital gains.
Net Worth of the 10%, 1%, and . 1% Households
Annual Wages of Top Earners
2018 Annual Wages
|Top 1% of Earners||$737,697|
|Top 5% of Earners||$309,348|
|Top 10% of Earners||$158,002|
It is projected to reach eight billion by 2023–2027, nine billion by 2037–2046, and ten billion by 2054-2071, with alternative scenarios ranging from a low of 7.4 billion to a high of more than 10.6 billion by the 2050s and beyond.
The shaded regions correspond to range of projections by the United Nations Department of Economic and Social Affairs; for example, it estimates that the world population will reach 8 billion between 2022 and 2035.