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Barry Ritholtz: How Wealthy Is Everyone Who Isn't Rich?

TedTed
in Off-Topic
FYI: We seem to really enjoy contemplating the money and lifestyles of the top 0.01 percent. The wealthiest Americans garner immense mind-share in the imaginations of the rest of the populace. We incessantly track the incomes of hedge-fund managers and other finance stars, the heirs to the Wal-Mart fortune and other $100 billion families. Don’t forget the Bloomberg Billionaires Index and the Forbes 400 and the wealthiest New Yorkers.

We are in short fascinated with other people’s wealth.

What about the rest of the income strata? As it turns out, there is a fascinating story there as well. It may not be as glitzy and luxe as the Billionaires Index, but it is a tale of gradual improvement. So says a recent data analysis on the Global Middle Class by the Pew Research Center.
Regards,
Ted
http://www.bloombergview.com/articles/2015-07-24/how-wealthy-is-everyone-who-isn-t-rich-

Comments

  • davfordavfor
    edited July 2015
    Yes, and the Global Rich List website just told me a person with $32,400 per year in income is in the top 1% compared to the rest of the world's population.

    Here is a link that lets you plug in your annual income and see where you fit on a global basis......

    http://www.globalrichlist.com/

    This helps to put things in perspective....

  • CrashCrash
    don't get me started. Good point.
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