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, and “the rest are mainly scattered throughout Europe, Latin America and a few Asian countries.”

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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, and “the rest are mainly scattered throughout Europe, Latin America and a few Asian countries.”

To be in the top 1 percent of world earners, a household needs to make only $34,000 per person.

Statistically, even the poorest 5% of Americans are better off financially than two thirds of the entire world.

[CNN]

About Diane Sweet

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Senior Editor, Lives in a gerrymandered district in Michigan.

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