Top One Percent Owns Half of All Global Wealth
In the absence of a world federation that could quickly address redistribution of wealth, worldwide inequality continues its upward march: The top one percent of households now “account for half of all assets in the world,” according to the 2015 Credit Suisse Global Wealth Report. This is a level “possibly not seen for almost a century,” the researchers write. For those on the other end of the wealth spectrum, the numbers are reversed. The poorest half of the world’s population owns just one percent of its assets. In 2015, a household net worth of $759,000 will put you in the ranks of the global one-percenters. The cutoff for the top 10 percent stood at $68,800. Note: For more along these lines, see concise summaries of deeply revealing income inequality news articles from reliable major media sources.
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