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The Reddit Protest Is Finally Over. Reddit Won.
(gizmodo.com)
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this post was submitted on 04 Aug 2023
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To be richer than 90% of people you need to have a net worth of $90,000 USD.
Damn. I've got more than that and I sure as hell don't feel like a ten percenter.
Worldwide. So you’re competing with people sewing shoes at 1$ per hour.
That's too high. People are employed for like $4/day basis in some places.
That makes a whole lot more sense.
That can't possibly be true. I'm not saying you're lying, just... holy shit I though it'd be way more than that. This is for US citizens?
The number was $1,212,000 to be in the 90th percentile in the US in 2017 according to https://www.census.gov/content/dam/Census/library/publications/2020/demo/p70br-170.pdf
But worldwide, it was indeed about $93,000. https://www.cnbc.com/2018/11/07/how-much-money-you-need-to-be-in-the-richest-10-percent-worldwide.html
Very interesting. That's more in line with what I was thinking it would be for the United States. Thanks for looking that up and providing the info.
I mean, wouldn’t be too out-there. How many Americans are living paycheck to paycheck with some sort of massive debt? How many can’t afford to have any assets? How many more accrue even greater debt to either survive, or drop money they don’t have on shit they don’t need (like that latest BMW) just so they can keep up with the Joneses?
This is for all people, worldwide. North America is very rich, relatively speaking.
Ah, ok, I suppose that makes a bit more sense then.
I've read this before and continue to remain stunned since the cost of living is so ridiculously high in so many American cities.