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Patrick Boyle On Finance
Are You In The One Percent?
Jan 15, 2024
This podcast discusses the income thresholds and lifestyles of the top 1%, challenges the research on income inequality, and explores global income trends and flaws in the analysis of income inequality.
30:10
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Quick takeaways
- Earning over $60,000 per year after taxes puts individuals in the top 1% of global incomes.
- Net worth of a million dollars or more classifies individuals in the top 1% of global net worth.
Deep dives
Understanding Global Wealth Distribution
The podcast examines the global wealth distribution and the flaws in using certain statistics to measure inequality. It points out that the bottom 10% of global wealth distribution includes surprising numbers of North Americans and Europeans, while China seems to have no representation in the bottom 10%. The episode explains that net worth calculation, which includes assets minus debt, skews the data as Americans and Europeans are more likely to be in debt.
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AI-powered
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Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode