Results 1 to 4 of 4

Thread: Americans make up half of the world's richest 1%

  1. #1 | Top
    Join Date
    May 2008
    Posts
    6,457
    Thanks
    340
    Thanked 614 Times in 494 Posts
    Groans
    148
    Groaned 510 Times in 418 Posts

    Default Americans make up half of the world's richest 1%




    It only takes $34,000 per person to be amid the richest 1% of people in the world.


    NEW YORK (CNNMoney) -- The United States holds a disproportionate amount of the world's rich people.


    It only takes $34,000 a year, after taxes, to be among the richest 1% in the world. That's for each person living under the same roof, including children. (So a family of four, for example, needs to make $136,000.)


    So where do these lucky rich people live? As of 2005 -- the most recent data available -- about half of them, or 29 million lived in the United States, according to calculations by World Bank economist Branko Milanovic in his book The Haves and the Have-Nots.


    Another four million live in Germany. The rest are mainly scattered throughout Europe, Latin America and a few Asian countries. Statistically speaking, none live in Africa, China or India despite those being some of the most populous areas of the world.


    In the grand scheme of things, even the poorest 5% of Americans are better off financially than two thirds of the entire world.

    http://money.cnn.com/2012/01/04/news...est/index.htm#



    Obama wants to change that, with his failed policies, he wants us like all the other 3rd world countries.

  2. #2 | Top
    Join Date
    Jul 2006
    Posts
    15,288
    Thanks
    3,870
    Thanked 5,011 Times in 3,467 Posts
    Groans
    1,286
    Groaned 494 Times in 452 Posts
    Blog Entries
    5

    Default

    America has over 4% of the world population. It's impossible for all americans to be in the 1%
    The top 25% of american earners is as large as the 1% figure could reach.

  3. #3 | Top
    Join Date
    Jul 2006
    Posts
    15,288
    Thanks
    3,870
    Thanked 5,011 Times in 3,467 Posts
    Groans
    1,286
    Groaned 494 Times in 452 Posts
    Blog Entries
    5

    Default

    6,840,507,000 : world pop
    http://www.google.com/publicdata/exp...rld+population

    311,800,000 : US pop
    http://geography.about.com/od/obtain...population.htm

    3.118/68.40507=.04558141669908385

    4.6%

  4. #4 | Top
    Join Date
    Apr 2009
    Posts
    108,120
    Thanks
    60,501
    Thanked 35,051 Times in 26,519 Posts
    Groans
    47,393
    Groaned 4,742 Times in 4,521 Posts
    Blog Entries
    61

    Default

    Quote Originally Posted by tinfoil View Post
    America has over 4% of the world population. It's impossible for all americans to be in the 1%
    The top 25% of american earners is as large as the 1% figure could reach.
    Those stats are wildly out of date, there are at least 300 million middle class Chinese. I'm sure that many of those have incomes higher than 35,000 dollars, there are also a similar number in India.

  5. The Following User Says Thank You to cancel2 2022 For This Post:

    Phantasmal (01-06-2012)

Similar Threads

  1. Americans favor HIGHER TAXES for the richest.
    By ZappasGuitar in forum Current Events Forum
    Replies: 40
    Last Post: 09-22-2011, 01:23 PM
  2. The richest
    By Cancel8 in forum General Politics Forum
    Replies: 7
    Last Post: 01-03-2011, 04:36 PM
  3. 15 richest members of congress
    By Topspin in forum Current Events Forum
    Replies: 6
    Last Post: 11-18-2009, 09:46 AM
  4. Mexican tycoon overtakes Bill Gates as world's richest man
    By uscitizen in forum Off Topic Forum
    Replies: 5
    Last Post: 07-05-2007, 10:15 AM
  5. Nearly half of Americans uncertain God exists
    By uscitizen in forum Off Topic Forum
    Replies: 2
    Last Post: 11-01-2006, 10:44 AM

Bookmarks

Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •