Talk of The Villages Florida - View Single Post - Are you in the global 1 Percent
Thread: Are you in the global 1 Percent
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Old 11-26-2015, 01:10 PM
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Dr Winston O Boogie jr Dr Winston O Boogie jr is offline
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Originally Posted by dbussone View Post
Absolutely correct. When talking about the "global 1%" it does not take that much to be included.
Exactly. There are 7 billion people in the world and most of those are in the poorest third world countries.

Some tribesman in Africa who owns six water buffalo may be the wealthiest person in his neighborhood. Should we really be comparing people living the US and other industrialized countries to those people?

I'd like to see this done for the US only. I'm in the top 4% in the world. I bet I'm not in the top 50% in the US. I'm probably in the bottom 20% in The Villages.

Also, this thing doesn't considers debt or income. You might have a million dollars in assets, and two million in debt with a low income. According to this you'd be in the top 1%.
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