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Author Topic: Millionaires  (Read 513 times)

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Offline 大越

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Millionaires
« on: November 14, 2017, 04:22:45 PM »
Are you really in the top 1% if your net worth is $1 million?

“The U.S. still leads the world in millionaires, with 15.3 million people worth $1 million or more.

Japan ranks second with 2.7 million millionaires, while the U.K. ranks third with 2.2 million. China ranks fifth with 1.9 million millionaires, but its millionaire population is expected to hit 2.8 million by 2022.”

https://www.cnbc.com/2017/11/14/richest-1-percent-now-own-half-the-worlds-wealth.html?__source=Facebook%7Cmain
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Offline Lavender

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Re: Millionaires
« Reply #1 on: November 14, 2017, 04:49:56 PM »
a million doesn't have the same value in different countries.

Offline 大越

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Re: Millionaires
« Reply #2 on: November 14, 2017, 04:54:01 PM »
Their math doesn’t even work out.

They said there are 15.3 million people who are worth more than $1 M in the US. US population is 323 million people. So 15.3 million people is 4.73% not 1%.

Edit:

Never mind , they said 1% of world not just US
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