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Global median net wealth is about $2200. Most human beings have positive, not negative, wealth, even if not an awful lot of it. For global wealth info, go to h
by gjm11 10y ago
Global median net wealth is about $2200. Most human beings have positive, not negative, wealth, even if not an awful lot of it.
For global wealth info, go to https://www.credit-suisse.com/us/en/about-us/research/research-institute/global-wealth-report.html https://www.credit-suisse.com/us/en/about-us/research/resear... where you'll find a nicely presented Report and a Databook with more numbers in it.
The Databook has a table (Table 2-4) giving estimated median wealth per adult for all the world's countries (or something like all; I haven't checked). Many of the figures are small, but not one is negative. I'm fairly sure these figures are net of debt, but it's not 100% clear. So, just in case, compare those figures with the ones in the previous column, listing debt per adult; the only countries where the debt figure exceeds the wealth figures are (unless I missed some) Brazil, Cyprus, Denmark, Germany (!), Malaysia, Maldives, Sweden, the US.
(I believe from other sources that US median net wealth is comfortably positive, which is one reason why I am pretty sure the figures in the "median wealth" column of Table 2-4 are net of debt.)
- jly 10y agoHalf of all adults own < USD $2,200. The bottom 20% (something like 1 billion adults today) own < USD $248. Inequality is increasing - the top 1% own almost 51% of global assets. These statistics show that most humans have very little accumulated wealth to control, and very few humans have a lot of the total global wealth.
- gjm11 10y agoI agree with all of that. But nikolay claimed that most people have zero or negative wealth, and that isn't correct.