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If you’re reading this, that includes you.
I’ll have you know I’m only in the top 20%, not the top 10%
Yeah, my salary is below €42,980 by like… quite a bit
Before or after taxes and social contributions?
Yes.
On the income scale, if you made minimum wage (which equates to $7.25 an hour or $15,080 a year), you would already be in the top 10% of global income. In fact, you’d be in the top 7.8% of income earners worldwide.
If you make $50,000 per year, you would be in the top 0.31% of the world’s population in terms of earning income. Earning just $50,000 per year puts us in the top 1% of the world’s population.
This is by income, not wealth though. It still illustrates how low the bar is.