Wealth
7 days ago
- #class-structure
- #financial-systems
- #wealth-inequality
- Wealth inequality has a significant impact on lives and relationships.
- Structural class differences should be discussed, starting with wealth segmentation.
- Wealth differences are more about exponent levels than precise amounts.
- Comparing wealth within the same level leads to jealousy, not insight.
- Wealth levels are calibrated on US dollars from the early 1980s.
- Wealth levels range from ↑0 (extreme poverty) to ↑11 (ultra-wealthy corporations).
- ↑0: Cannot pull together $30; daily survival is a struggle.
- ↑1: Can scrape together $10-$100 but housing is unstable.
- ↑2: Can pull together a few thousand dollars; unstable housing.
- ↑3: Lower-middle class; can manage emergencies but with difficulty.
- ↑4: Middle class; stable finances, some savings, and investments.
- ↑5: Upper-middle class; money is no longer a primary obstacle.
- ↑6: High-net-worth individuals (HNWI) with $1m-$5m.
- ↑7: Ultra-high-net-worth individuals (UHNWI) with $30m+.
- ↑8: Hundreds of millions; billionaires at ↑8.5.
- ↑9: Ultra-rich; wealth has grown 10x in 30 years.
- ↑10: Over 200 people with extreme wealth (e.g., $100b+).
- ↑11: Historical and modern corporations with massive valuations.
- National wealth is measured in trillions (↑14.7 globally).
- US budget growth over 100 years: population, inflation, and GDP.