For more than 99% of the world's population it most definitely is. For many, many of them, it's almost an incredible, dreamlike amount of money to have.
Wouldn't it make more sense if HNW was relative to the individual country for this map? e.g. a non-HNW individual leaving the US may become a HNW individual in another country.
EDIT: I understand HNW has a definition already, I just mean maybe it's not the most informative measure to use for this graph.
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$1M is now high net worth?
For more than 99% of the world's population it most definitely is. For many, many of them, it's almost an incredible, dreamlike amount of money to have.
For many of the countries in these lists it might just be working class retirees who sold their modest family home in the suburbs.
It's roughly the top 1% globally: https://www.credit-suisse.com/media/assets/corporate/docs/ab...
If you don't care for the global measure, you can focus on your country or region. But for a global measure, like for this map, it's relevant.
Wouldn't it make more sense if HNW was relative to the individual country for this map? e.g. a non-HNW individual leaving the US may become a HNW individual in another country.
EDIT: I understand HNW has a definition already, I just mean maybe it's not the most informative measure to use for this graph.
Half a year later they weren't that smarty-pants anymore!
Always has been. See related VHNW, UHNW. https://en.wikipedia.org/wiki/High-net-worth_individual
might have made sense in 1996 when they started using the term...
It excludes primary real estate.