What puts you into the 1%?

[Anonymous]

Would a household net worth of $11 million usd put you in the top 1% of household wealth in America

Yes it would

Probably

No it wouldn’t

[strateguy632]

close but no. since 2020 need at least $13.8mn to rise to 1%. the lowest of 1% is 13.7mn.

not a goal of mine.

i heard 5% richest people have 95% of all money! inversely the rest of us 95% share just 5% of world money. including those who have debt in the red.

[boobliker]

I don't think you are anywhere near at only 11 mil as the top 5% are in the billions

[Weieie]

You are really stupid. You think 5% of people are billionaires

[strateguy632]

@Weieie you correct that is outrageous, as of 2024 less than 3,000 people have $1 bn or more. some like gates or buffet even passed 100 bn! but almost nobody passes 1 billion.

[boobliker]

I know of 4 in my town who are over one billion with there houseing stock and other proppety.

[AngryCarl]

It's really more about income. You'd need an income right around $200k

[strateguy632]

far from it need 400k for single

[Avicenna]

Yes, it would

[Anonymous]

Not sure