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The income required to be in the top 1 varies greatly based on what country you live in.
Income of the top 1 in the world. According to a 2019 report by the credit suisse research institute only 1 of the world s population. The threshold for the 0 01 is more than 10 million. Our map takes a unique look at inequality by focusing on the threshold of income needed to join the top 1 compared to the top 50 for several countries around the world. According to the daily mail if you make 34 000 a year you are in the top 1 in the world.
The latest data from the epi show that in 2018 annual wages for the top 1 reached 737 697 up just 0 2 compared to 2017. The average income of the bottom 50 of the population less than 8 000 is just a little more than 1 of the average income of the top 1 of the population. The money needed to join the top 1 is 922k compared to 22k for the top 50. While it takes about 500 000 per year to enter the top 1 of americans reaching the 0 1 now requires an annual income of more than 2 million.
Annual wages of top earners. Does your income rank in the top 1 of the entire world. The global median income is 1 225 a year. The report is authored by li yang the asia coordinator at the world inequality lab.
America s median income is about 55 000 a year and nearly one half of the world s richest 1 live in america. In china the top 1 captured 14 of national income in 2019 compared with 8 in 1990 while in india the. Country of income of the richest 1 albania 9 1 australia 6 4 austria 8 2 bahrain 18 0 belgium 6 7 bosnia and herzegovina 6 2 brazil 28 4 bulgaria 8 4 canada 13 6 chile 23 7 china 13 9 colombia 20 4 croatia 7 6 cyprus 8 6 czech republic 9 5 ivory coast 17 1 denmark 12 8. List of countries by population list of countries by gdp ppp per capita better would be an actual world income.
The united arab emirates has the most unequal distribution on our map.
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