According to the new Credit Suisse global wealth report that was just published, the top 1% in the world now have 48% of the wealth.
What's crazy is you have to think of how big the world is. In fact, just to be in the top 50% of the world, a person just needs $3,650 — including the value of equity in their home; i.e., anything they potentially own in their home.
Then $77,000 is required to be in the top 10%. And if a person has over $798,000,they are in the 1%. Which makes you think — once again — how big the world is, and how poor certain places are. In fact, the bottom 50% only control 1% of the wealth.
What's even crazier, is all science are pointing to, that in the next few years, the gap is just going to increase. Obviously.
What's crazy is you have to think of how big the world is. In fact, just to be in the top 50% of the world, a person just needs $3,650 — including the value of equity in their home; i.e., anything they potentially own in their home.
Then $77,000 is required to be in the top 10%. And if a person has over $798,000,they are in the 1%. Which makes you think — once again — how big the world is, and how poor certain places are. In fact, the bottom 50% only control 1% of the wealth.
What's even crazier, is all science are pointing to, that in the next few years, the gap is just going to increase. Obviously.
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