Half Of The World’s Richest 1 Percent Are Americans

Posted on

"Half Of The World’s Richest 1 Percent Are Americans"

According to calculations by World Bank economist Branko Milanovi, half of the world’s richest 1 percent of earners, about 29 million people, are Americans. Four million members of the world’s 1 percent are Germans, while “the rest are mainly scattered throughout Europe, Latin America and a few Asian countries.” However, to be in the top 1 percent in terms of world earners, a household needs to make just $34,000 per person (so a family of four would need to make $136,000).

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.