Generally, Singaporeans have the perception that we are poor. With rising costs of living (think housing prices, healthcare costs, education fees) and widening income equality, it is right to presume based on comparison with yesterday’s standards. Yet, are we that far off from the norm as proclaimed? How does Singapore compare worldwide? According to Credit Suisse’s 2018 Global Wealth Report, of the world’s population Top 1% currently holds over 47% of global wealth. Minimum net worth of US$871,320 required. Top 10% holds over 85% of global wealth. Minimum net worth of US$93,170 required. Bottom 50% holds under 1% of global wealth. Minimum net worth of US$4,210 required to be richer than 50% of the world’s population. Income of the 1 Percenters Income standards could differ wildly in each country, depending on whose perspective you are looking at. The same 1 Percenters in oil-rich United Arab Emirates could be...