An income of $32,400 per year would allow someone to be among the top 1% of income earners in the world.
To reach the top 1 percent worldwide in terms of wealth—not just income but all you own—you’d have to possess $770,000 in net worth.
The bar to enter the top 1 percent wouldn’t be this low were it not for the extreme poverty that so much of the globe endures. For example, the average adult in India has $7,024 in total wealth, according to a report by Credit Suisse. The average wealth of adults in Africa is even lower, at just $4,138.
Compare that to the wealth of $403,974 for the average adult living in the United States and $144,903 for Europeans. Now, it’s true that the term “average wealth” can be misleading, especially for countries where assets are so skewed toward the ultra-rich, like the United States. But even the median U.S. wealth of $61,667 – that’s the amount where half of people have more and half have less – far outpaces other parts of the globe.
A recent poll of U.S. Catholics found that nearly 7 out of 10 self-described Catholics do not believe the Eucharist is the whole Christ.
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President Trump said Tuesday that the White House was delaying implementing 10% tariffs on some Chinese goods in order to not disrupt the fall and winter holiday shopping season.
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