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]
