In this episode, Scott Becker explores recent statistics on U.S. net worth by percentile.
Chapter 1: What is the main topic of this episode?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is net worth in America. So there's a tweet in today's or yesterday's Twitter, that says the net worth breakdown by percentile. So it essentially says the top 1%, 12 million and above, 11.6 million and above, the top 2%, 2.7 million, the top 5%, You're basically a millionaire, 1.17. The top 10%, 970,000.
Chapter 2: What are the net worth statistics by percentile in America?
And the top 50%, 580,000. Now, I have no idea if those numbers are correct or not. What I do know is there's probably 40% of people in our country that have almost nothing. And that is a self-ashame. I don't have an answer to that. But it's not redistributing money. But directly, these numbers are probably right. The other stat that I know is...
Chapter 3: What is the percentage of Americans with little to no net worth?
There's about 30,000 to 60,000 centimillionaires in the United States, of which about a third of those – oh, excuse me – in the world, of which about a third of those centimillionaires, people worth $100 million or more, are in the United States. So anywhere between 10,000 to 20,000 people and so forth. have families or households that are worth 100 million plus.
Chapter 4: How many centimillionaires are there in the United States?
And I've always said the top 1%, closer to 15 million were the stats I looked at a long time ago, but this breakdown says 11.6 million. Again, I find these stats always fascinating. When somebody says they're poor, but they're in the top 5%, in the big scheme of things, they've got it pretty good. And of course, poor in financial health,
is almost always in the eye of the beholder because some people think they're poor where by anybody else's standards, they would be very rich. Other people think they're rich, but by the next guy's standards, they're quite poor. So no easy answer on a lot of this stuff, but thank you for listening to the Becker Private Equity Business Podcast.
About 60,000 people in the world worth $100 million or more, about a third of those in the United States. Top 1% by these stats, around $11.6 million. I thought it was a little bit higher. Top 2%, $2.7 million. Top 5%, $1.17 million. Top 10%, $970,000. And top 50%, $585,000. I know these numbers are right or wrong, but it's probably directionally accurate.
Thank you for listening to the Becker Private Equity Business Podcast.