Indeed your income may just cover your monthly rent in a big metropolis like NYC or London. Yet technically you're in the top 1%.
The one percent, by world standards: http://www.investopedia.com/articles/personal-finance/050615/are-you-top-one-percent-world.asp …
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That is how you get 'nonsense statistics' since there are huge local differences in what $32000 will buy you...
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Im top 1%
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Of course, financial wealth still needs to be considered in the context of the cost of living.pic.twitter.com/ZDxdCKdony
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Me? THE top one per cent? Huh!! See those treetops over there? Is that piglets I see roosting in them there branches?
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Jordan do the math with some of your assertions. There are only 70 mil worldwide one percenters...simply doesnt include all those you assert
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Comparing just in dollars is almost meaningless, we should look at the buying power, same for wealth, let's measure it in brick houses or so
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It's like no one who makes these comparisons to cost of living.
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