Yes, I understand what you're saying

And what I'm saying is, that actually, wealth is relative to your cost of living, otherwise it is a meaningless statistic.

You could earn a lot less, and have a lot less wealth, but have more money (and be wealthier in real terms) if property is cheap where you live and so is the cost of living generally.

You wouldn't be in the 1%, but your quality of life would be much higher.

Posted By: SimonOTBC on January 15th 2018 at 14:18:29

Message Thread

Richest 1% now own half the world’s wealth (n/m) (NCFC) - Larry Hagman, Jan 15, 13:13:09
- The same 1% you want to invest in our club... (NCFC) - usacanary, Jan 15, 15:37:25
- Down with success..... (n/m) (NCFC) - usacanary, Jan 15, 15:35:55
- I'll grab my pitchfork and sense of self entitlement (n/m) (NCFC) - Ben, Jan 15, 14:25:26
  - you've got the sense of self entitlement down just fine already (n/m) (NCFC) - Ralf Scrampton, Jan 15, 14:36:20
- out of curiosity (NCFC) - Basil Wrathbone, Jan 15, 13:31:19
  - you need US$744,400 in wealth to be part of the 1% (NCFC) - Ralf Scrampton, Jan 15, 13:51:05
    - That's what I would have guessed (NCFC) - Basil Wrathbone, Jan 15, 14:05:22
      - if you own property in the UK in the south east/east and have paid off a shit load of your (NCFC) - Ralf Scrampton, Jan 15, 14:12:25
      - Presumably your pension also counts here (NCFC) - Basil Wrathbone, Jan 15, 14:11:44
  - A massive amount if measured by income. 30k euros a year puts you in top 1%. If by net (NCFC) - Steve in Holland, Jan 15, 13:38:15
    - Not massive numbers in the context of the UK property market (n/m) (NCFC) - SimonOTBC, Jan 15, 13:45:38
      - Indeed. And if you're measuring on income it would be even more inclusive (n/m) (NCFC) - Steve in Holland, Jan 15, 13:53:28
        
        It's all relative to cost of living though of course (NCFC) - SimonOTBC, Jan 15, 13:59:18
        
        Well, it's not though (NCFC) - Steve in Holland, Jan 15, 14:01:43
        
        Yes, I understand what you're saying (NCFC) - SimonOTBC, Jan 15, 14:18:29
- If they bought Norwich would it change the figures? (n/m) (NCFC) - jAC, Jan 15, 13:24:59
  - Only if they leased it back to the club (n/m) (NCFC) - Old Git, Jan 15, 13:42:11
  - I'm pretty sure "they" aren't who you think they are. Lots of the top 1% on this board I'd (NCFC) - Steve in Holland, Jan 15, 13:38:59
  - well, then Naismith would get most of the world's wealth (n/m) (NCFC) - mr carra, Jan 15, 13:30:35

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