1. This is top 1% of the world. In other words, everyone with a net worth more than $850k, or in terms of income, around $80k
2. This is conveniently timed from a low stock market point. If they had timed it from Jan 2022 when the market most recently peaked, I bet the top x% have lost more than the bottom x%.
The takeaway is that people worth $850k were more likely to own stocks between 2020 and 2022 than Sudanese cattle herders.
2. This is conveniently timed from a low stock market point. If they had timed it from Jan 2022 when the market most recently peaked, I bet the top x% have lost more than the bottom x%.
The takeaway is that people worth $850k were more likely to own stocks between 2020 and 2022 than Sudanese cattle herders.