FabSwingers.com forum: The wealthiest 1% in the world..are you one (or two) of them?

By (user no longer on site) OP
over a year ago

This 1% is in the news a lot lately. As measured by wealth = NET assets.

How much do you think is required to be in the top

a) 1%

b) 10%

c) 50%

d) 80%

Closest in each category wins a fresh Cocunut by 2nd class mail.

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By (user no longer on site)
over a year ago

1% - Half a million, not sure if it's before or after tax though? Or if it even matters...

99 percent of people have less than that.

10% idk, guess £24,000-250,000.

50% £7,000- £24,000

80% under £50 a year.

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By *rightonsteveMan
over a year ago

Brighton - even Hove!

A) a minimum of £100m? Means Lord Sugar is in there....

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By (user no longer on site)
over a year ago

1% is 680 million though.

World wealth of 240 trillion (roughly) so 237 trillion divided by 680 million... Phew it's tiring just writing

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By *ezebelWoman
over a year ago

North of The Wall - youll need your vest

50,000 in assets

(I cant use a pound sign as I dont have one on my keyboard

)

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By (user no longer on site) OP
over a year ago

"1% - Half a million, not sure if it's before or after tax though? Or if it even matters...

99 percent of people have less than that.

10% idk, guess £24,000-250,000.

50% £7,000- £24,000

80% under £50 a year."

Can only give 1 (near enough) out of 4, sorry. Close enough for a Coconut though.

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By (user no longer on site)
over a year ago

"1% is 680 million though.

World wealth of 240 trillion (roughly) so 237 trillion divided by 680 million... Phew it's tiring just writing"
...nooo it's only 68 million lol... Where's the accountants phone number

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By (user no longer on site) OP
over a year ago

"A) a minimum of £100m? Means Lord Sugar is in there...."

Jeezuz, the only way you'll get a cocunut is to swim to wherever they're grown.

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By (user no longer on site) OP
over a year ago

"1% is 680 million though.

World wealth of 240 trillion (roughly) so 237 trillion divided by 680 million... Phew it's tiring just writing"

This is not one of your better posts.

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By (user no longer on site)
over a year ago

Ok, so while looking for stats coz OP is taking too long to give us my coconut...i found out 22,000 children a day die from poverty, that's pretty shocking.

https://www.dosomething.org/facts/11-facts-about-global-poverty

The meek will inherit the earth may arse.

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By (user no longer on site)
over a year ago

" This 1% is in the news a lot lately. As measured by wealth = NET assets.

How much do you think is required to be in the top

a) 1%

b) 10%

c) 50%

d) 80%

Closest in each category wins a fresh Cocunut by 2nd class mail. "
.

1% 550,000

10% 10,000

50% 500

80% 250

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By (user no longer on site)
over a year ago

"1% is 680 million though.

World wealth of 240 trillion (roughly) so 237 trillion divided by 680 million... Phew it's tiring just writing

This is not one of your better posts. "
.

Sums and wine is never a good combo....

Wine and ice skating.. Yes

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By *agMan888Man
over a year ago

Manchester

Bit deceptive this, not answered the poll but technically everyone in Britain is in the top 1%.

The term 1% though is usually used to refer to the billionaires whose interests our sucessive governments have put first for a very long time.

These are the guys who really benefit from all the terror BS, the war on drugs, the bailouts, and our invasion of Iraq and Afghanistan.

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By (user no longer on site) OP
over a year ago

"Ok, so while looking for stats coz OP is taking too long to give us my coconut...i found out 22,000 children a day die from poverty, that's pretty shocking.

https://www.dosomething.org/facts/11-facts-about-global-poverty

The meek will inherit the earth may arse."

re Coconut and delay, blame the Post Office, the Royal Mail (and NuLabour).

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By *rightonsteveMan
over a year ago

Brighton - even Hove!

"A) a minimum of £100m? Means Lord Sugar is in there....

Jeezuz, the only way you'll get a cocunut is to swim to wherever they're grown."

Gimme my fucking coconut NOW!!!

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By (user no longer on site) OP
over a year ago

" This 1% is in the news a lot lately. As measured by wealth = NET assets.

How much do you think is required to be in the top

a) 1%

b) 10%

c) 50%

d) 80%

Closest in each category wins a fresh Cocunut by 2nd class mail. .

1% 550,000

10% 10,000

50% 500

80% 250"

You're trying

One of them is close enough. Can you do a pirouette in a tu-tu?

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By (user no longer on site)
over a year ago

"Bit deceptive this, not answered the poll but technically everyone in Britain is in the top 1%.

The term 1% though is usually used to refer to the billionaires whose interests our sucessive governments have put first for a very long time.

These are the guys who really benefit from all the terror BS, the war on drugs, the bailouts, and our invasion of Iraq and Afghanistan."
.

No there fucking not.... That would mean the entire 1% lives in Britain

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By (user no longer on site) OP
over a year ago

"A) a minimum of £100m? Means Lord Sugar is in there....

Jeezuz, the only way you'll get a cocunut is to swim to wherever they're grown.

Gimme my fucking coconut NOW!!!

NO! You can have the booby prize, a pic of my hairy balls covered in coconut milk.

When i say covered i really mean a splash.

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By (user no longer on site)
over a year ago

I'll never hit the 1% but I've no doubt I'll hit 1 million in assets by the time I'm 40

Aim high and retire somewhere sunny at 55

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By *rightonsteveMan
over a year ago

Brighton - even Hove!

"A) a minimum of £100m? Means Lord Sugar is in there....

Jeezuz, the only way you'll get a cocunut is to swim to wherever they're grown.

Gimme my fucking coconut NOW!!! !-

NO! You can have the booby prize, a

pic of my hairy balls covered in coconut

milk.

When i say covered i really mean a

splash."

Hardly a booby prize but I won't say no.

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By (user no longer on site)
over a year ago

" This 1% is in the news a lot lately. As measured by wealth = NET assets.

How much do you think is required to be in the top

a) 1%

b) 10%

c) 50%

d) 80%

Closest in each category wins a fresh Cocunut by 2nd class mail. .

1% 550,000

10% 10,000

50% 500

80% 250

You're trying

One of them is close enough. Can you do a pirouette in a tu-tu?

"
.mmmmm everyone's a fruit and nut case... Let's think radical.

1% 550,000

10% 1000

50% 50

80% £4.75

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By *obbytupperMan
over a year ago

Menston near Ilkley

I'm one of the richest people in the world, I'm contented with my lot.

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By (user no longer on site)
over a year ago

"I'll never hit the 1% but I've no doubt I'll hit 1 million in assets by the time I'm 40

Aim high and retire somewhere sunny at 55 "
.

Everywhere will be sunny by then and 1 million quid won't buy you a round in the pub by then

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By (user no longer on site)
over a year ago

"I'll never hit the 1% but I've no doubt I'll hit 1 million in assets by the time I'm 40

Aim high and retire somewhere sunny at 55 .

Everywhere will be sunny by then and 1 million quid won't buy you a round in the pub by then

Notice I said assets, so as cash becomes subject to inflation, certain assets hold out. So I'll probably be able to buy two rounds

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By (user no longer on site)
over a year ago

"I'll never hit the 1% but I've no doubt I'll hit 1 million in assets by the time I'm 40

Aim high and retire somewhere sunny at 55 .

Everywhere will be sunny by then and 1 million quid won't buy you a round in the pub by then

Notice I said assets, so as cash becomes subject to inflation, certain assets hold out. So I'll probably be able to buy two rounds

"
.

I don't think there'll be cash by the time you get to 40.

Just credits on your government card

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By (user no longer on site) OP
over a year ago

"I'll never hit the 1% but I've no doubt I'll hit 1 million in assets by the time I'm 40

Aim high and retire somewhere sunny at 55 .

Everywhere will be sunny by then and 1 million quid won't buy you a round in the pub by then

Notice I said assets, so as cash becomes subject to inflation, certain assets hold out. So I'll probably be able to buy two rounds

Mine's a pint, share the wealth

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By (user no longer on site) OP
over a year ago

" This 1% is in the news a lot lately. As measured by wealth = NET assets.

How much do you think is required to be in the top

a) 1%

b) 10%

c) 50%

d) 80%

Closest in each category wins a fresh Cocunut by 2nd class mail. .

1% 550,000

10% 10,000

50% 500

80% 250

You're trying

One of them is close enough. Can you do a pirouette in a tu-tu?

.mmmmm everyone's a fruit and nut case... Let's think radical.

1% 550,000

10% 1000

50% 50

80% £4.75"

Strangely enough, you've got closer with one of your guesses.

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By (user no longer on site)
over a year ago

Anyhow I'm pretty sure I read in Forbes that world wealth was 240 trillion

World pop is around 6.8 billion

So 1% is 237.6 trillion divided by 68 million.

80% is 240 trillion divided by 5.45 billion

Where I fail is my calculator won't do trillions (it's obviously not bill gates one).

Anyhow it's not much I reckon about a fiver lol

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By *nleashedCrakenMan
over a year ago

Widnes

There is more to being rich than just assets and money. I've had both in abundance in the past. Now I have less of both but I consider myself richer than I've ever been.

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By (user no longer on site)
over a year ago

"Anyhow I'm pretty sure I read in Forbes that world wealth was 240 trillion

World pop is around 6.8 billion

So 1% is 237.6 trillion divided by 68 million.

80% is 240 trillion divided by 5.45 billion

Where I fail is my calculator won't do trillions (it's obviously not bill gates one).

Anyhow it's not much I reckon about a fiver lol"

80% is 240 trillion divided by 5.45 popped that into google thinking it would calculate it for me, instead i'm getting search results for rothschilds and forbes etc...

240,000,000,000 / 5.45 = 44036697247.7

237,600,000,000 / 68,000,000 = 3494.11764706

fuck maths...

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By *ouple in LancashireCouple
over a year ago

in Lancashire

"I'm one of the richest people in the world, I'm contented with my lot.

this..

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By *obbytupperMan
over a year ago

Menston near Ilkley

"There is more to being rich than just assets and money. I've had both in abundance in the past. Now I have less of both but I consider myself richer than I've ever been."

Here is a man who knows exactly what I mean!

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By (user no longer on site)
over a year ago

Now i know all those people are dying from poverty i feel poorer than ever.

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By (user no longer on site)
over a year ago

I was bored once and I worked it out on a Global scale.

If you earn £20K per year on a GLOBAL scale as in taking into account every single living person who's ever paid tax or earn't a wage it would put you in the top tier believe it or not.

I've had a big meal and wine so my thoughts are kinda blurred right now..

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By *nleashedCrakenMan
over a year ago

Widnes

"I was bored once and I worked it out on a Global scale.

If you earn £20K per year on a GLOBAL scale as in taking into account every single living person who's ever paid tax or earn't a wage it would put you in the top tier believe it or not.

I've had a big meal and wine so my thoughts are kinda blurred right now.."

Most people who support the idea of wealth redistribution do so because they think they'll end up with more. The reality, if you take the whole world into account, is that nearly everyone, if not everyone, in this country would have a lot less if wealth was distributed evenly around the whole world.

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By (user no longer on site) OP
over a year ago

"I was bored once and I worked it out on a Global scale.

If you earn £20K per year on a GLOBAL scale as in taking into account every single living person who's ever paid tax or earn't a wage it would put you in the top tier believe it or not.

I've had a big meal and wine so my thoughts are kinda blurred right now..

Further, if wealth was ever equally distributed one week, you could guarantee that one week later huge disparities in wealth would reappear.

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By *ee VianteWoman
over a year ago

Somewhere in North Norfolk

"I was bored once and I worked it out on a Global scale.

If you earn £20K per year on a GLOBAL scale as in taking into account every single living person who's ever paid tax or earn't a wage it would put you in the top tier believe it or not.

I've had a big meal and wine so my thoughts are kinda blurred right now.."

I read an article about this recently, with up-to-date figures. They calculated that an income of thirty-something thousand per annum put you in the top 1% of earners.

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By (user no longer on site)
over a year ago

I read recently that if you had £7,400 you were in the top 1% as most of the planet has far less. Bearing in mind that there are 7billion + people on earth.

And no im not in that category sadly.

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By (user no longer on site) OP
over a year ago

Before the witching hour is upon us, the "answers" to the level of NET wealth to put you into the categories are :

a) Top 1% : £530,000

b) Top 10% : £50,000

c) Top 50% : £2,500

d) Top 80% : £10

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By (user no longer on site)
over a year ago

"I was bored once and I worked it out on a Global scale.

If you earn £20K per year on a GLOBAL scale as in taking into account every single living person who's ever paid tax or earn't a wage it would put you in the top tier believe it or not.

I've had a big meal and wine so my thoughts are kinda blurred right now..

I read an article about this recently, with up-to-date figures. They calculated that an income of thirty-something thousand per annum put you in the top 1% of earners."
most people who earn 30 grand a year spend 31 grand a year so they ain't in the 1% lol.

You have to have 500 grand to be one of the 68 million

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By (user no longer on site) OP
over a year ago

Ooops c) should be £2,400

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By *ee VianteWoman
over a year ago

Somewhere in North Norfolk

"I was bored once and I worked it out on a Global scale.

If you earn £20K per year on a GLOBAL scale as in taking into account every single living person who's ever paid tax or earn't a wage it would put you in the top tier believe it or not.

I've had a big meal and wine so my thoughts are kinda blurred right now..

I read an article about this recently, with up-to-date figures. They calculated that an income of thirty-something thousand per annum put you in the top 1% of earners.most people who earn 30 grand a year spend 31 grand a year so they ain't in the 1% lol.

You have to have 500 grand to be one of the 68 million"

In terms of income alone, not the overall balance sheet.

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By *ee VianteWoman
over a year ago

Somewhere in North Norfolk

Income, not assets or net worth.

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By (user no longer on site)
over a year ago

Before the witching hour is upon us, the "answers" to the level of NET wealth to put you into the categories are :

a) Top 1% : £530,000

b) Top 10% : £50,000

c) Top 50% : £2,500

d) Top 80% : £10

"
.

Oooo I was only 50% out with me fiver then... Still there'd be well pisssed of cutting there fortune in half

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By (user no longer on site)
over a year ago

"Income, not assets or net worth."
.

No it was net worth not income.

Your 500 grand child include assets like a house but you actually had to have the equity in the property

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By (user no longer on site)
over a year ago

If you earned 3 million but spent 3 million and a quid without getting assets, your in the bottom category.

Although like Brewster's millions I'm guessing spending 3 million a year without acquiring arrests might be quite tricky

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By *ee VianteWoman
over a year ago

Somewhere in North Norfolk

"Income, not assets or net worth..

No it was net worth not income.

Your 500 grand child include assets like a house but you actually had to have the equity in the property"

I was responding to a thread, which I quoted, talking about income. I was talking about income in response.

I understand the difference between income and assets thanks.

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By (user no longer on site)
over a year ago

"Income, not assets or net worth..

No it was net worth not income.

Your 500 grand child include assets like a house but you actually had to have the equity in the property"

That's bollocks equity fluctuates.

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By *ee VianteWoman
over a year ago

Somewhere in North Norfolk

"Income, not assets or net worth..

No it was net worth not income.

Your 500 grand child include assets like a house but you actually had to have the equity in the property

That's bollocks equity fluctuates."

Quite. Most assets fluctuate to some extent because most markets move constantly.

Plus it depends which currency you're counting in because of the variation in exchange rates.

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By (user no longer on site)
over a year ago

I have a gold tooth.

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By *illwill69uMan
over a year ago

moston

I recon anyone living legally in the UK is in the top 10%.

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By *icketysplitsWoman
over a year ago

Way over Yonder, that's where I'm bound

I'm a 10% woman.

I had this conversation over the weekend (I'd heard More or Less on Friday so knew the answers) and even here the 1% is a long reach for many.

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By (user no longer on site)
over a year ago

I'll be fairly low down because I've got a high level of income but effectively nowt by way of assets. Just a massive mortgage.

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By *ee VianteWoman
over a year ago

Somewhere in North Norfolk

"I recon anyone living legally in the UK is in the top 10%."

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By *nleashedCrakenMan
over a year ago

Widnes

"I'll be fairly low down because I've got a high level of income but effectively nowt by way of assets. Just a massive mortgage. "

Going by what you said on the verification thread, I wouldn't mind getting fairly low down with you.

he he

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By (user no longer on site)
over a year ago

"I recon anyone living legally in the UK is in the top 10%."
.

I think you'd be very much wrong.

I've worked for so many people who have good jobs but no cash or much equity whatsoever.

The whole country runs on debt like it or not it's a fact.

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By (user no longer on site)
over a year ago

"Income, not assets or net worth..

No it was net worth not income.

Your 500 grand child include assets like a house but you actually had to have the equity in the property

That's bollocks equity fluctuates."
.

Everything fluctuates, the figures were based on equity at the time.

There's a reason why house prices have gone through the roof in most western countries and that is you can get more return on your capital than you can from labour.

It's why most people's houses in London earn more than they do.

Of course it's just a bubble and eventually the capital will move elsewhere.

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By (user no longer on site)
over a year ago

I'm rich in spirit.....alcohol that is.....oh and skint

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By (user no longer on site)
over a year ago

I left my equity behind when I left my husband. It's only money. I'm now in the percentile one up from beggars and homeless people

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By *ee VianteWoman
over a year ago

Somewhere in North Norfolk

"I left my equity behind when I left my husband. It's only money. I'm now in the percentile one up from beggars and homeless people "

I'm pretty much in the same situation but for different reasons.

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By (user no longer on site)
over a year ago

I think there's more to life than money! , that's not to say I'm happy living in a cave.

Just that I think as a society we've lost our 'souls' in the habit of consuming, we care more for visiting a foreign country than for visiting our parents more for driving swish cars than walking in the sun and more for somebody's looks than the words that come out of their mouths.

It saddens me to live miles from my family and as soon as I can I'd like to move home.

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By (user no longer on site)
over a year ago

"I recon anyone living legally in the UK is in the top 10%..

I think you'd be very much wrong.

I've worked for so many people who have good jobs but no cash or much equity whatsoever.

The whole country runs on debt like it or not it's a fact."

Some of it's generational. If I'd bought my house in the 80s for a fraction of the value in real terms it has now, I'd probably have more cash and equity too.

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By (user no longer on site)
over a year ago

"I recon anyone living legally in the UK is in the top 10%..

I think you'd be very much wrong.

I've worked for so many people who have good jobs but no cash or much equity whatsoever.

The whole country runs on debt like it or not it's a fact.

Some of it's generational. If I'd bought my house in the 80s for a fraction of the value in real terms it has now, I'd probably have more cash and equity too."
.

That's my point it's fundamentally unstable to have houses earning more than labour.

And it's not just houses, there's stock prices, money, profit and commodities all out pacing labour.

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By *illwill69uMan
over a year ago

moston

"I recon anyone living legally in the UK is in the top 10%..

I think you'd be very much wrong.

I've worked for so many people who have good jobs but no cash or much equity whatsoever.

The whole country runs on debt like it or not it's a fact."

Really?

A single unemployed adult over 25 on benefits living on their own gets £72.40 a week JSA plus housing benefit and council tax relief which must be worth at least the same again. Then they have free dental and health care, that must be worth thousands a year.

Against that most of the world have to live on less than £1 a day and have no housing, health or dental care unless they can afford to buy it.

I don't care what others think I know what a great place I live in and how lucky I am! Maybe we would all be better off if we stopped trying to grab more and started protecting what we already have, because while we are busy bemoaning our fate and trying to grab more others with even more are stripping what we already have from us!

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By (user no longer on site)
over a year ago

"I recon anyone living legally in the UK is in the top 10%..

I think you'd be very much wrong.

I've worked for so many people who have good jobs but no cash or much equity whatsoever.

The whole country runs on debt like it or not it's a fact.

Really?

Against that most of the world have to live on less than £1 a day and have no housing, health or dental care unless they can afford to buy it.

Yes I agree completely.

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By *ee VianteWoman
over a year ago

Somewhere in North Norfolk

"I recon anyone living legally in the UK is in the top 10%..

I think you'd be very much wrong.

I've worked for so many people who have good jobs but no cash or much equity whatsoever.

The whole country runs on debt like it or not it's a fact.

Really?

Against that most of the world have to live on less than £1 a day and have no housing, health or dental care unless they can afford to buy it.

That's income though, not assets.

There are a lot of people in the UK that are here legally that have almost no assets to speak of. Absolutely everything they have coming in is used to survive and even then it's a struggle. The really sad thing is that a lot of them are working full time.

Last Christmas the government's own figures showed around 90 000 children were homeless. Do you think those families are in the top 10% of wealth owners?

If you honestly think every person in the UK legally has assets of £50k+, the only thing I can say is that you must be living in a bubble that's not part of the real world and that you are, sadly, very deluded

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By (user no longer on site)
over a year ago

"I recon anyone living legally in the UK is in the top 10%..

I think you'd be very much wrong.

I've worked for so many people who have good jobs but no cash or much equity whatsoever.

The whole country runs on debt like it or not it's a fact.

Really?

Against that most of the world have to live on less than £1 a day and have no housing, health or dental care unless they can afford to buy it.

That's income though, not assets.

Last Christmas the government's own figures showed around 90 000 children were homeless. Do you think those families are in the top 10% of wealth owners?

Lol that I also agree with

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By *inaTitzTV/TS
over a year ago

Titz Towers, North Notts

More or Less on the Wireless looked into the statistics on Friday afternoon. It was quite interesting.

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By *illwill69uMan
over a year ago

moston

"I recon anyone living legally in the UK is in the top 10%..

I think you'd be very much wrong.

I've worked for so many people who have good jobs but no cash or much equity whatsoever.

The whole country runs on debt like it or not it's a fact.

Really?

Against that most of the world have to live on less than £1 a day and have no housing, health or dental care unless they can afford to buy it.

That's income though, not assets.

Last Christmas the government's own figures showed around 90 000 children were homeless. Do you think those families are in the top 10% of wealth owners?

I do not live in a bubble, I am very aware of my surroundings and the outside world and what is being hidden from me.

To be honest I don't think assets (stuff) really counts when working out how well off you are. Stuff is just baggage, we need some but nothing like what we all collect.

As for the government figure of 90000 children being homeless that is not quite true either. I believe that if you check the definition of homeless in this case its 'not in permanent accommodation'. And although I agree its a disgrace that in one of the wealthiest countries in the world we need food banks to ensure all are fed and hostels to provide temporary accommodation for those who find themselves victims of the housing shortage which has been caused by political ideology. I still think we are much better off here than in most countries in the world. Personally I find it very worrying that we are rushing towards the US government model where everything is greed and profit led and 25% of the population have no access to healthcare and there are tent cities in every town and city to provide shelter to really homeless families with children.

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By *ee VianteWoman
over a year ago

Somewhere in North Norfolk

"I recon anyone living legally in the UK is in the top 10%..

I think you'd be very much wrong.

I've worked for so many people who have good jobs but no cash or much equity whatsoever.

The whole country runs on debt like it or not it's a fact.

Really?

Against that most of the world have to live on less than £1 a day and have no housing, health or dental care unless they can afford to buy it.

That's income though, not assets.

Last Christmas the government's own figures showed around 90 000 children were homeless. Do you think those families are in the top 10% of wealth owners?

I do not live in a bubble, I am very aware of my surroundings and the outside world and what is being hidden from me.

To be honest I don't think assets (stuff) really counts when working out how well off you are. Stuff is just baggage, we need some but nothing like what we all collect.

The thread is about the top 1%, 10% etc of wealth owners in the world so you're deviating from the point to bring access to services and similar into it.

To say everyone legally in the UK is in the top 10% for wealth, (i.e. has £50k+ in assets), which is what you claimed above, is laughable. And very, very wrong.

Yes, homeless means not in permanent, suitable accommodation. They're in bedsits, shelters, staying with friends etc. Some are street homeless. If those families had over £50k of assets do you think they'd be in that situation?

Because plenty of people are worse off does not mean everyone in the UK is in the top 10% in terms or wealth, or income. It also doesn't make people in poverty here any less unacceptable.

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By (user no longer on site)
over a year ago

Assets as a measure of wealth are meaningless. I'd class myself as a lot wealthier than an old lady struggling along on a small pension who happens to live in a house she owns which has appreciated massively in value since she bought it. Or perhaps has a lot of savings, but is relying on them for income.

I have a good salary, but I have practically no assets, a tiny bit of equity in my property and that's it.

People in this country may well be struggling but the poorest in this country are, thankfully, significantly better off than the poorest in the world and even probably the average in the world. I think that's what this statistic is trying to remind us of.

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By (user no longer on site)
over a year ago

I don't like coconuts. Can I have a goldfish?

Here is wisdom.

Give a man a goldfish, he can eat for a day. Give him a go on the hook-a-duck, and he might get a cowboy outfit or a toy bow and arrow.

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By *atietvsheffTV/TS
over a year ago

Sheffield

As a chartered financial advisor (get me!!!!!!) you have to look at this from income and capital wealth, I think the OP was stating statistics from Income in that if you earn £25000+ you are in the top 1% globally because as other posters have commented most of the worlds population exist on just a miserly amount each day, something like $1. Most western European and North American people think that if they don't have 2 cars, and 2holidays each year,a satellite dish on their house,a mobile phone,a tablet, and a flat screen tv then they are living in Poverty , (I expect some abuse from left wing voters) we forget how much we have and what we accumulate and what we need versus what we want. I was speaking with a friend over the weekend whose son was complaining that he only had a VW golf as a car when he should have a BMW by the age of 23.........

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By (user no longer on site)
over a year ago

I read recently that the 1% own 50% of the wealth.

So of the $240tril they would have $120tril between 7 million people, which would average £17.1 million each. Obviously some are much higher than this, some much lower.

Oddly, this isnt as high a number as I expected...

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By *illwill69uMan
over a year ago

moston

"I recon anyone living legally in the UK is in the top 10%..

I think you'd be very much wrong.

I've worked for so many people who have good jobs but no cash or much equity whatsoever.

The whole country runs on debt like it or not it's a fact.

Really?

Against that most of the world have to live on less than £1 a day and have no housing, health or dental care unless they can afford to buy it.

That's income though, not assets.

Last Christmas the government's own figures showed around 90 000 children were homeless. Do you think those families are in the top 10% of wealth owners?

I do not live in a bubble, I am very aware of my surroundings and the outside world and what is being hidden from me.

To be honest I don't think assets (stuff) really counts when working out how well off you are. Stuff is just baggage, we need some but nothing like what we all collect.

The thread is about the top 1%, 10% etc of wealth owners in the world so you're deviating from the point to bring access to services and similar into it.

To say everyone legally in the UK is in the top 10% for wealth, (i.e. has £50k+ in assets), which is what you claimed above, is laughable. And very, very wrong.

Because plenty of people are worse off does not mean everyone in the UK is in the top 10% in terms or wealth, or income. It also doesn't make people in poverty here any less unacceptable."

Again, really?

I think you are one of those who is being led up the garden path!

If we take your definition of wealth as correct you prove everything I have said in your posts. You are so caught up in the how much stuff have I got all to myself and how can I add more to it that you fail to notice all the really valuable stuff you own and did own that is being stolen from you!

Personally I want all my stuff the Tories have given to their mates back! and I want to keep the stuff I have!

Now let me tell you what we (that's every man, woman and child in this country) own.

We own 100% of these businesses:

• Green Investment Bank

• Land Registry

• Met Office

• Ordnance Survey

• UK Export Finance

• Urenco

• Channel 4

• National Nuclear Laboratories

• Nuclear Decommissioning Authority

• CDC

• Eurostar

• NATS

• Royal Mint

• UK Hydrographic Office

• London and Continental Railways

We also own the NHS and BBC and 80% of Lloyds, the TSB and RBS.

Now maybe you think that your 50 millionth of the above is worthless but I think that my share adds up to much more than £50000!

I understand that my real wealth is held in trust for me by our government and that our real wealth is being stolen from us and that the majority of people are going along with it in the hope that they can add a little coin to their private pile while the carpet baggers are fucking off with the family silver with the help of our employees (remember we employ all MP's)!

As I have already said purely by luck I was born in this country and I share being in the top 10% of worlds wealthy, shame is most of my fellow countrymen and women are so self-centred that they fail to see where their real wealth lies and as a result are willing to see their birthright stolen from under their noses!

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