Top 1% Club Gets More Exclusive as Wealth Gap Widens
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It now takes a net worth of $5.8 million to break into the top 1% of wealthiest Americans, 15% more than a year ago.
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The world's 500 richest people added $1.5 trillion to their combined fortunes last year.
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Monaco has the highest threshold to be in the top 1% worldwide at $12.8 million net worth.
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High salaries don't go as far in high-cost US cities like San Francisco where over $150k is considered lower-middle class.
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Over half of Americans worry about money even when they can afford their lifestyle, and 53% say talking about money is harder than discussing their sex life.