[hatu]

If you take the global richest 1%, pretty much everyone on this website gets included. The cut-off point is at around $35,000 a year.

[knocte]

>The cut-off point is at around $35,000 a year.

That doesn't sound true. Can you back up your argument with facts' data?

[maxk42]

http://www.globalpost.com/dispatch/news/business-tech/120331...

Various sources from the past couple years cite between $34,000 and $37,000.

More than two-thirds of the population of the earth makes less than $1,000 a year, so this shouldn't be very surprising.

[aaronbrethorst]

Google search for top 1% of income in the world:

http://www.dailymail.co.uk/news/article-2082385/We-1--You-ne...

[sz4kerto]

My guess is that he's mixing income with wealth (just a guess though).

[youngtaff]

But it depends how we define wealth - if you define it by income it's going to cast a wider net than if you define it by assets.

My view is we should define the 1% by assests

[whybroke]

Rather than seeking contrived numbers to reinforce your preconceive notions, you could actually spend a few seconds on google to figure it out. The article talks about ownership so:

Net world wealth $263,242bil [1]

World population 7bil [2]

Thus you need roughly $2million in assets to be in the world 1%

[1]http://en.wikipedia.org/wiki/National_wealth

[2]https://www.google.com/search?q=world+population&ie=utf-8&oe...

[Thrymr]

How did you get $2 million from that? What distribution did you assume? According to [0], net worth of $1 million would put you in the top 0.7%.

[0] http://www.international-adviser.com/ia/media/Media/Credit-S...

[elchief]

Stock != flow