Sfdebris.net

https://www.bbc.com/news/business-51906530

In the department of "things we already knew, but it's nice to have proof"

OK, so who are the top 10%?

The global rich list is very flawed, but pegs it at 19k after tax.

Other measures tend to use an assets less debts. Here's one example:


This doesn't get to exactly 90%, but a quick estimate using an even distribution pegs it at about $93k in equity. This covers, oh, everyone who has a reasonable amount of home equity in the United States.

Isn't it also true that rich people are more likely to be able to afford an electric car and solar panels?

TGLS wrote: ↑Sun Jan 03, 2021 10:04 pm OK, so who are the top 10%?

The global rich list is very flawed, but pegs it at 19k after tax.

Funny...

You are in the richest 7.1% of the global population

I work in a supermarket and earn about 18,000€ after taxes per year. I'm so glad I am rich.

TGLS wrote: ↑Sun Jan 03, 2021 10:04 pm OK, so who are the top 10%?

The global rich list is very flawed, but pegs it at 19k after tax.

Other measures tend to use an assets less debts. Here's one example:


This doesn't get to exactly 90%, but a quick estimate using an even distribution pegs it at about $93k in equity. This covers, oh, everyone who has a reasonable amount of home equity in the United States.

Do you need a home to have home equity?

Fuzzy Necromancer wrote: ↑Mon Jan 04, 2021 7:00 am

TGLS wrote: ↑Sun Jan 03, 2021 10:04 pm OK, so who are the top 10%?

The global rich list is very flawed, but pegs it at 19k after tax.

Other measures tend to use an assets less debts. Here's one example:


This doesn't get to exactly 90%, but a quick estimate using an even distribution pegs it at about $93k in equity. This covers, oh, everyone who has a reasonable amount of home equity in the United States.

Do you need a home to have home equity?

Yes. As home equity is the value of the home minus the outstanding debt on it.

Well, most people I know don't have a home. Home Ownership is something for boomers in the Old Economy.

Fuzzy Necromancer wrote: ↑Mon Jan 04, 2021 9:05 am Well, most people I know don't have a home. Home Ownership is something for boomers in the Old Economy.

Nice deflection and totally not obvious that you are side-stepping the point he made.

Madner Kami wrote: ↑Mon Jan 04, 2021 2:34 am I work in a supermarket and earn about 18,000€ after taxes per year. I'm so glad I am rich.

Okay I need to start this out by saying I am not being condescending here. But I am not sure how to phrase this question.
What is that in scale? I mean I did the conversion of euros to dollars. But even in my state the number can be widely different meaning. Some places that isn't even rent on the smallest apartment. Others it would buy a decent enough house and have a cheap car in your drive way.
Yes I get this does not make you 'Rich' since area has to be considered, etc. But I find placing where someone is economically is hard with just a notation of income. Because region varies how much value there is in that income.
I hope that is clear.

My monthly costs of living are roughly 900€/months, including rent, food and electricity. Healthcare is covered by my taxes, including basic dentist bills, though I still have to buy medication necessary for my mere survival, but it's managable at 10€ every two months on average (rest is covered by healthcare).

It's managable overall and I do have disposable income that allows me to either save up for bad times or go wild without minding the costs too much, as long as it's not all too regularly. Here in Germany, I am at the upper end of the lower income-ranges. I'd never be able to aford a house or an appartement of my own without a second income from a partner at about the same income range and even then, it would need to be something small. I'm fairly fortunate compared to most of my co-workers in this trade, as I have a good employer, picked up many skills that allow me to be extremely flexible within the trade and a strong union.