wealth-and-income-inequality2.295 min read "The Rising Bar for Joining the World's Richest 1%"
In the U.S., the threshold to join the top 1% of wealth has risen to $5.8 million, a 12% increase from the previous year, while Monaco requires a staggering $12.9 million. Other countries with high thresholds include Luxembourg and Switzerland. As high inflation and rising interest rates continue to impact lower- and middle-income Americans, a recent study shows that a six-figure salary is losing its purchasing power, especially in expensive cities. Meanwhile, the wealthiest 400 Americans have seen their net worth soar to a collective $4.5 trillion, marking the highest level since 2021.
1 year ago•Source: Fox Business
