If you’ve ever wanted to learn what the net worth percentiles are for different countries, then you have come to the right place. This calculator compares your net worth to the net worth of households in the US. To get started, simply enter your age, net worth, and nationality. After you’ve entered that information, the tool will compare your results to others in the same age range. There’s even a graph that compares net worth to age and wealth.
The top one percent requires nearly $10 million to be part of the 5%. However, if you are a household, you must have at least $2,598,400 to be considered one of the top five percentiles. These figures include homes, investments, and other assets. A household with a net worth of $100,000 is classified as one percentile. Fortunately, the report notes that the majority of the world’s millionaires live in the US.
Despite the fact that stock net worth has reached an all-time high, the upper end will continue to have greater wealth than the rest of the population. Regardless of what happens with stocks, the lower end of the distribution will remain relatively unaffected. The January 2020 update to the calculator includes breakdowns of typical asset/debt composition and occupation. This helps you determine where you stand compared to the world. And, if you’re in the top percentile, you’ll have more than three times as much wealth as the average American.
According to the latest report by the Credit Suisse Group, the top one percent of Americans own 43 percent of the country’s net worth, while the bottom fifty percent own only one percent. In the world, the richest 1% own half of the total net wealth. The richest 10% of adults hold 85% of total wealth and 97% of the world’s assets. This is a staggering percentage. The wealthiest half of the population is only two percent of the richest, and their net worth is estimated to be around $10 million.
In North America, Europe, and the rich countries of Asia-Pacific countries account for a majority of the global wealth. The middle third of the world’s richest deciles is dominated by China and India. The bottom third of the wealth distribution is dominated by low-income Asian countries and Africa. Wealth inequality in the US has declined significantly since 2013, when the technology giants began accumulating vast amounts of wealth. But the top one percent is likely to continue to rise.
For instance, the average forty-year-old man has a net worth of $80,000, while the average sixty-year-old man owns $660,000. This is a lot of money for someone in his mid-thirties. After all, this income is likely to increase in value as he ages, and the average American is already a millionaire. That’s a great start to building wealth!