Here's how much money you have to make to be in the top 1% in different countries around the world
Feb 7, 2020, 22:56 IST
- The income needed to join the top 1% of earners varies greatly from country to country.
- According to a list compiled by Bloomberg, it takes about $488,000 to be in the top 1% in the United States, but it takes about half that to join the top 1% in Australia.
- Here's a ranking of how much you need to earn to join the top 1% in countries around the world, and what the average incomes in those countries are, according to a list compiled by Business Insider.
- Visit Business Insider's homepage for more stories.
From India to Australia to the United States, the income needed to join the top 1% varies greatly from country to country.
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According to new data from the World Inequality Database and Statistics Canada compiled by Bloomberg's Ben Steverman and Reade Pickert, it takes about $488,000 to be in the top 1% in the United States, but it takes about half that to join the top 1% in Australia.
Here's a ranking of how much you need to earn to join the top 1% in countries around the world, as well as what the average incomes in those countries are, according to a list compiled by Business Insider from World Data.