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To be in the top 1% in USA you need to have on average 13.6M in Net Worth. Set your goals!

Now for the bad news

  • Wealth Disparity Growth: Since 1990, the wealth of the top 0.1% has increased by 1,000%, while the bottom 50% has seen a 25% decrease in wealth. This disparity highlights the growing economic inequality.

  • Impact of Monetary Policy: The Federal Reserve's policies, including easy credit and quantitative easing, have significantly benefited the richest individuals. The assets of the top 0.1% have grown to $20 trillion, far surpassing inflation-adjusted expectations.

  • Credit Accessibility: The top 1% benefit from near-zero interest rates and abundant credit, allowing them to acquire productive assets and further increase their wealth. In contrast, ordinary people face challenges accessing similar financial advantages.

  • Systemic Implications: There is a direct link between current monetary policies and the impoverishment of the poorest 50%.

The GOOD NEWS
There is an out for the above and I believe the best one is #Bitcoin - get in early get in hard. The top 1% have not copped on to it yet.

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Comments

Logan

We

Bruh

It’s $13m for 50+ yr olds. For 40-44 yr olds it’s $7.8m. Varies by age. $653k for 18-24 yr olds.

A A

And people wonder why so many people like the idea of socialism, taxes etc. rich getting richer and poor getting poorer, if I wasn’t where I was today I would too

JohnC

Thanks for posting, James. The US has always been a place that favors wealth building and wealthy people continue to flow into the US. As a country, our goal should be to enable the lower and middle incomes to build wealth. As I see it this is what you do and I do appreciate your diligent efforts, so a simple Thank You. You're a good man.

Robert

What’s the BTC amount to be in top 1% again?

The Bull

Thought that would be much higher

Paulino

Thank you for the continual education, James. You do this with so much love - it’s inspiring. I’ve been watching your YouTube channel pretty much daily since summer of 2021, and I’ll be here as long as you are. Bora Bora 2030, baby!

Renaissance Gamer

Being the richest 1% in the world found to be doable (2x my goal in the next few years). 1% in America means I'll have to work a little harder lol.