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Comment by tokenizer | Hacker News Reader

Great app. Too bad a 1 percenters like me can't calculate my apparent wealth however.

Income works fine, but when I put in the data for wealth (no house, minimalistic materials, and meagre bank accounts) it gives me the error code: "Are you sure about that?"... Apparently, you cannot hold less than $1,500CAD of wealth, nor can you be classed within the bottom 22%.

The income bottom limit is $400CAD, which is much better. It's kind of funny how the stats don't feel so guilty when entering the lower limits. For a $400CAD yearly income: " In 1 hour you make $0.21 Meanwhile, the average labourer in Indonesia makes just $0.50 in the same time. "

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Yep, same here. I live in Sydney AU and the app also put me in the top 1% richest people in the world by income.

When I did it by wealth, the result was: "Your personal wealth is equal to the combined wealth of 0 people in Myanmar." and "1% of your wealth could feed a family of four in Ethiopia for 0 months."

There's no doubt that we live way more comfortably than most people in Myanmar do but it's clear that being born with wealth to start with helps no matter where you live.

I have a slightly-lower-than-median wage in Aus and only $20k in assets (car, some furniture). This puts me at 0.9% for income, but 27% for wealth, which is quite a strange disparity - evidently there are a lot of people earning much less than me with much more in the way of assets.

While I am not financially astute, I'm also not terribly bad, throwing that money away on lottery tickets and whatnot. Buggered if I know how I manage to drop 26 percentage points - how are all those much poorer people managing to save so much more than me, especially considering that by the time you're out of the top 1%-by-income, you're below $30k.

Honest question, if you earn so much (1% you claim) where does all your income go? You're supporting others? You're paying off student loans? Your rent is really really high?

Anyway. If you've no accumulated wealth just enter your income and then marvel at the disparity between you and the 99%.

He probably means the global 1% which is ~$30,000 per year, in a lot of first world places that is far from enough to build up wealth without behaving frugally.

Even when observing only the USA, a top 1% personal income starts at around $200K, which isn't unheard of for a developer position. A recent poll about age places the majority of HN readers early in their career where debt is usually high and assets have not had much time to accumulate, so a top 1% US income and no assets does not seem like an impossibility either.

You're not a 1%er if you have no assets.

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