Five years ago, I wrote an article (see my website: www.attorneybarbaradalvano.weebly.com) titled: Do You Think You’re Wealthy? (Keep in mind, there are certainly other kinds of “wealth”, including family, friends, our health…)
The responses to the question of whether people felt that they were wealthy…were mixed reviews.
Many felt that without that ‘first million dollars’ they did not consider themselves (financially) ‘wealthy’.
An article in Investopedia.com titled: Are You in the Top One Percent of the World? By Daniel Kurt (October 29, 2018) puts “wealth” in an entirely different perspective.
According to the article: “If you’re an American, you don’t have to even be close to being uber-rich to make the list.”
According to some statistic, an income in the U.S. of $32,400 puts a person into the top 1% of wealth when compared to the rest of the world’s population.
To put it another way… 99% of the world’s population is below that income level.
However, if you are making the comparison only to other Americans, an annual income of $421,926 would place you in the top 1% of American wealthy.
For more enlightenment about ‘wealth’ access the article. You may begin to feel richer than you thought!
No matter if you feel wealthy or not, if you have some assets – it is time to think about having an estate plan.
If you have small children or dependents, it is important to have the people you love protected by doing estate planning.
Working To Preserve Your Wealth and Protect Your Future…in a Constantly Changing World
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