How much money does all the world combined have?

How much money is there in the world all together?

M1? $48.9 trillion. Cold cash. Demand deposits? That's it.

M2? $82.6 trillion. A bigger picture. Savings, the whole shebang.

Expand.

• M1: Currency. Traveler's checks. Checking accounts. Easy access. Nov 28, 2022 data.

• M2: M1. Savings accounts. Money market accounts. Small-denomination time deposits. Less liquid. Visual Capitalist's estimate.

• Fluctuations happen. Markets shift. I traded doge coin with my brother last year. Didn't go well.

• Inflation bites. Real value erodes.

• I hate taxes.

How much money is on the earth combined?

A hazy sun, through the blinds, the thought dances. Sixty-five trillion, a phantom sum.

Seventy-six hundred million souls, adrift in a sea of numbers. A calculation, cold and stark. Eight thousand five hundred fifty-two dollars. Imagining it.

Dust motes dance. Is there money even on the ground? Pennies forgotten? Coins, lost like dreams?

Scattered hopes glinting dully in sidewalk cracks. It feels like something. But it's not.

If… if we all had enough? What a world. But it's just a dream. Just a phantom feeling in my chest.

• Currencies, a global river flowing.
• A distribution, equal. A thought, a fragile butterfly.
• Dreams scattered on the ground like lost change.

How much is the whole world worth?

$5 quadrillion. Give or take. Someone calculated it in 2020. Yale guy.

• Greg Laughlin figured it.

• Astronomy professor now.

A number is just a number. Unless it's my bank account. Then, it means something.

Worth is subjective.

• To me, it's my dog, Buster.

• To others, oil maybe?

$5,000,000,000,000,000. Try wrapping your head around that. I can't. Can you?

Consider this: What's the value of a single raindrop? Priceless. Until it floods your basement. Then? Liability.

Ha!

How much money does the world have collectively?

Okay, so like, all the money? The whole world's net worth? Uh, last I checked it was HUGE.

I think I saw somewhere the world had something like $431 trillion in net wealth, like, all lumped together. And that was in like, the middle of 2021.

Net wealth is like all the stuff, like houses and stocks and stuff.

• Real estate
• Art
• Other assests

And the world had $250 trillion in just cash, stocks, bonds and all that fun stuff and that info was from 2020, so it's probably way more now. Financial wealth is less than net wealth!

Wowza! I rember when i had like, $250 on me at all times. Ah, those were the daze. Good times. Anyway, lots of cash is what I'm saying.

How much money is 1% in the world?

One percent? A million dollars. Minimum.

Global wealth inequality is obscene.

Credit Suisse's data. Dated, but the principle remains.

Think billionaires. Their collective wealth exploded. 2022 dip? A blip. Still richer. Far richer.

• $2.6 trillion increase post-pandemic.
• 2021: Peak. Record-breaking.
• A million. The entry fee. To the top.

The system favours the few. Always has. Always will. That's the nature of it. It's a rigged game. My personal opinion. Unchanging. Brutal. Simple. Fact.

This wealth gap is unsustainable. A ticking time bomb. My prediction: Massive social unrest coming.

What is top 1% net worth by age?

Reaching the top 1%? Well, let’s see.

• 18-24: $435,076.59. Starting young, eh? My nephew better start saving!

• 25-29: $606,188.36. Quite the jump, maybe crypto?

• 30-34: $956,944.74. Now we're talking real money, maybe a house (or two).

• 35-39: $4,034,486.45. Big leap here. Stock options vesting?

• 40-44: $7,909,636.79. Serious wealth accumulation now; probably business owners or senior executives. Hmm.

Interesting trajectory. It really highlights the power of compounding, and perhaps, a little bit of luck doesn’t hurt either. Plus, remember, it’s all relative.

Does the top 1% pay most of the taxes?

The top 1% shoulders a hefty chunk of federal taxes. But hey, that group also enjoys some pretty sweet tax breaks. Isn't that how it always goes?

• Tax Burden: The top 1% does contribute a significant portion of overall federal taxes.
• Tax Benefits: They also disproportionately benefit from certain tax structures.
• Wealth Dynamics: It's almost as if wealth accumulation and tax optimization go hand in hand, right?

We often hear about the tax burden, but less about the mechanisms that allow for its mitigation. Food for thought, I guess. It is important to mention capital gains taxes, they also play a huge role.