Sunday, December 02, 2007

Where do you stand in the wealth spectrum?

Where do you stand in the wealth spectrum? If your annual household income is over $40,000, you're in the top half of Americans. Of course, if you spend more than you make, you probably don't feel like you're doing so well. Net worth tells a better story of how well you're doing at saving money. If your net worth (what you have minus what you owe) is over $86,000, you're in the top half of Americans.

If that's the case, you definitely have something to be thankful about. But if that's not the case, realize that living in the United States probably puts you in the top incomes worldwide. If you make $40,000 a year, you're in the top 3% of incomes worldwide. That means there are about 5.8 billion people in the world who earn less money than you. You can see exactly where you stand here at the Global Rich List.

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