This is how much money it takes to be better off than half of world population

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In a bill-signing event in New York last August 15, New York’s Demonrat governor Andrew Cuomo, a rumored 2020 presidential candidate, said: “We’re not going to make America great again. It was never that great.”

Some millennials agree.

On this Thanksgiving Day, let’s look at how Americans compare with the rest of the world in wealth.

If you have just $4,210 to your name, you’re better off than half of people around the globe. The total world population in 2018 is 7.7 billion. That means if you have $4,210, you have more money than 3.85 billion people.

Kathleen Elkins reports for CNBC, Nov. 19, 2018, that according to the 2018 Global Wealth Report from Credit Suisse Research Institute:

  • A net worth of $4,210 makes you richer than 50% of the people in the world.
  • A net worth of $93,170 puts you in the top 10%, richer than 90% of people.
  • A net worth of $871,320 puts you in the global top 1%, richer than 99% of the 7.7 billion in the world.

As the Global Wealth report puts it:

While the bottom half of adults collectively owns less than 1 percent of total wealth, the richest decile (top 10 percent of adults) owns 85 percent of global wealth, and the top percentile alone accounts for almost half of all household wealth (47 percent).

The report defines net worth or “wealth,” as “the value of financial assets plus real assets (principally housing) owned by households, minus their debts.”

The United States continues to lead the world in wealth:

(1) The average wealth per adult over a lifetime in the U.S. is $403,974, while the median wealth per adult is $61,667, significantly more than the net worth required to be among the global 50%.

(2) The U.S. has the most members of the world’s top 1%.

(3) The U.S. has 41% of the world’s millionaires and four times the number of individuals with more than $50 million, than the next country, China.

But Andrew Cuomo, who has a net worth of $5 million, tells you not only is America not great, America has never been great.

Did you know that research consistently found that gratitude — being thankful for what we have — is strongly and consistently associated with greater happiness? Conversely, ingratitude is a sure way to be bitter and miserable. (See Harvard Health)

~Eowyn

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10 responses to “This is how much money it takes to be better off than half of world population

  1. To me, wealth is not judged by $$, never having had a lot of it My wealth lies in my health, my intact mind (so far), and my ability to know good from evil. My life has been a combination of work, adventure, love and forgiveness. More importantly, on Thanksgiving Day, we should all be thankful for being an American, our relative wealth, our friends, and our many taken-for-granted blessings.

     
    • Goldbug . . . I have to admit what you wrote resonated so strongly in my heart that I was brought to tears. You are absolutely correct.

      Case in point, Cuomo with all his wealth is a miserable miscreant or he would not say the things that he says. He is obviously not thankful for any of the blessings that have come his way. To bad he was not born in some miserable sh*thole like so many of the world’s population.

       
  2. These kinds of dollar amounts are utterly useless, depending on where you live in the world your costs could be 1/10th of what they are in Europe or North America. People talk about enslavement in 3rd world countries but really in the so called first world there are just different types of slavery, the big one being to sell yourself to a bank where they own you for 40 years to pay off your mortgage. Sure you have a different type of life in South America or Africa but at least it is warm, cheap and you can usually buy land for nothing and build your own place and live off the land if you have any sense. My actual plan is to leave the wicked abomination known as Canada and do just that, get a place in the country in south america and grow my own food and die there, away from Babylon and being imprisoned by the Antichrist and his demonic baby murdering/funding genocide, imposed paraphillia corruption of children and families and the entire court system, the criminalization of Christianity in general. Babylon can burn in hell.

     
  3. I bet every millennial in that video is stuffing their face today while watching football on a big flat screen TV or enjoying Netflix on their latest and greatest smart phone.

    They’ve probably never been to a third world country and experienced real poverty.

    As for Cuomo, he talks out of both sides of his ass. His Twitter timeline is full of giving thanks for love, our commonalities and how America is great because we reject Trump’s hate. Blah, blah, blah, blah, blah…

    https://twitter.com/nygovcuomo

     
  4. When they’re considering monetary wealth,they obviously count in US Dollars;also,what $4210.00,here in the US is likely of FAR greater value in many other Countries than it is here. And How do “they” adjust the value they refer to? $4210.00 has a variable value even just in the US. For the rich in America,that’s just what pays the light bill in their office,while to those Americans living on disability it might be enough to pay off all our bills or pay off our car…I think Their numbers must be Comparative at best. Statistics-you can make them mean whatever you want to,depending on which ones you use and how you apply them. (That’s how motorcyclists have ended up fighting Mandatory Helmet Laws in spite of evidence that States who have eliminated mandatory helmet laws are seeing MORE licensed riders but FEWER bike related deaths on average.)

     
  5. It should be obvious that these Demonrat politicians do not love or work for the US. They are proud servants of The Odor. Traditionally (am I allowed to use that word?), traitors are not thought of with kindness. We have a tremendous number of them now who are daily showing their allegiance.

    “Left and Right” are no longer differences in approach to the common challenges to society. They are diametrically opposed statements of loyalty. It is now impossible to “work with” the other party simply because they are now the enemy.

    We shouldn’t dwell too much on this. They made their choice. It looks like a few with some semblance of sanity have elected to flee. That’s good. The rest are doomed. They have sold their souls to the Marxist credo in the belief that they’ll be taken care of.

    I was reading today where they are developing this “cooperative” rentals now where Millennials can live like college dorms forever. They can be eternal children. Isn’t it wonderful?

    Many of us here grew up on hope and boundless opportunity. Our horizons were unlimited. We were encouraged to be all we could be.

    Now I see this about face. There is no “hope”. People should be happy for what little they have. People should thank and worship The State.

    We have choices. Just because they don’t want to make us aware of that fact doesn’t change anything. One either embraces this death cult or rejects it. Those who are Christian should already have all they need to utterly reject it. They are counting on our laziness and despair.

     
  6. As a former New Yorker, my comments about Cuomo and his father, as well as those pertaining to David Dinkins and Bill DiBlasio should not be rendered in polite company.

     
  7. “The average wealth per adult in the U.S. is $403,974”. Are you sure about this? That would put the average couple just shy of the 1%.

     
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