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27-01-2021, 09:36 PM
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Senior Member
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Join Date: Jun 2009
Posts: 45
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Net Wealth Percentiles
We can't find such statistical data for Singapore.
But for USA, these are the top 10 percentiles (USD) for household net worth:
90% $1,219,126
91% $1,355,268
92% $1,541,905
93% $1,767,510
94% $2,080,569
95% $2,584,130
96% $3,294,388
97% $4,640,603
98% $6,557,022
99% $11,099,166
Reference: https://dqydj.com/average-median-top...th-percentiles
If you have data for Singapore, please post here!
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27-01-2021, 10:12 PM
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A friend made the following estimations for Singapore households based on credit suisse 2019 report:
Out of the 1.4 million households in Singapore,
Top 10% (140k households) -- 1.2m to 1.5m USD
Top 3% (42k households) -- 5m USD
Top 1% (14k households) -- 12m USD
Top 0.5% (7k households) -- 20m USD
Top 0.1% (1.4k households) -- 50m USD
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27-01-2021, 10:15 PM
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For individuals in Singapore (as opposed to households), in terms of net wealth (including residence):
4% have more than 1m USD
45% have 100k - 1m USD
37% have 10k - 100k USD
14% have less than 10k USD
Source: Credit Suisse Global Wealth Databook 2019
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09-03-2021, 01:46 PM
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Quote:
Originally Posted by Unregistered
For individuals in Singapore (as opposed to households), in terms of net wealth (including residence):
4% have more than 1m USD
45% have 100k - 1m USD
37% have 10k - 100k USD
14% have less than 10k USD
Source: Credit Suisse Global Wealth Databook 2019
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Rubbish data. Only 4% here are millionaires? Cóme on.
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18-10-2021, 10:49 PM
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Quote:
Originally Posted by Unregistered
Rubbish data. Only 4% here are millionaires? Cóme on.
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looks like education failed u... look at the 2nd bracket.
in that 45% sector, it comprises of millionaires too.
face palm.
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17-11-2021, 09:03 PM
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It's easy to be a millionaire if you include cpf and property. Which would make up close to 50% or more of your networth.
Liquid assets 1mio is harder and less prevalent.
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21-11-2021, 04:10 PM
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Quote:
Originally Posted by Unregistered
Rubbish data. Only 4% here are millionaires? Cóme on.
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net worth is not just assets...
many bought their million dollars property on a mortgage.
if you have not paid off that mortgage...your asset of 1.3mil condo is gonna offset by your 1mil mortgage...
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03-01-2024, 03:37 PM
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Senior Member
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Join Date: Jun 2009
Posts: 45
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The updated household net wealth for US for the year 2023:
90% $1,920,758
91% $2,157,988
92% $2,382,960
93% $2,692,160
94% $3,088,722
95% $3,779,600
96% $4,699,180
97% $6,150,980
98% $8,464,740
99% $13,666,778
Source: https://dqydj.com/net-worth-percentiles/
If you have the latest data for Singapore, please post here!
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rick ross net worth.
