Economy

Half Of The World’s Richest 1 Percent Are Americans

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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).