Much has been discussed about the 1%, who they are and how much they have. I wrote about this topic a few years ago following a discussion I had with one of my media viewers and I figured now is a good time to update who makes up the 1%, in Canada and abroad.
Who makes it into the 1% depends upon two main factors, education and location. Where and when you were born plays a larger role in becoming a member of the elite. The good news is that education has helped billions to be lifted out of poverty.
The 8 richest people in the world own as much wealth as the poorest 3.5 billion people. (there are 7.4 billion people on planet earth). Curious who these men are?
The bottom line is that we have much to be thankful for living in Canada.
So how are you doing relative to your age? See the table below and take a look as to how you stack up. This is a total net worth picture so add up all your assets, house included, deduct your liabilities and see your financial health.