How Much Do You Need To Join The Richest 1%? — It May Be Less Than You Realize [Yahoo! Finance]
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Source: Yahoo! Finance
reality of entering the top 1% of American wealth is far more attainable than the headlines might suggest. According to the latest findings from the 18th edition of the Wealth Report by Douglas Elliman and Knight Frank, a person needs $5.8 million to be considered in the wealthiest 1% — a figure that, while substantial, is a far cry from the billionaire benchmark. Don't Miss: Are you rich? Here's what Americans think you need to be considered wealthy. Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you This threshold of $5.8 million marks an increase from the previous $5.1 million, illustrating the relentless pace of inflation. The U.S. ranks fourth globally in the wealth required to join this elite group, trailing behind Monaco, Luxembourg, and Switzerland. Monaco, known for its opulent lifestyle and tax benefits, tops the list with a required $12.9 million to enter its 1%. Knight Frank's report annually explores glob
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