I did a lot of manual excel work in sorting and filtering the Credit Suisse Global Wealth Report after I received it. An important thing to know here is that t

I did a lot of manual excel work in sorting and filtering the Credit Suisse Global Wealth Report after I received it. An important thing to know here is that this is net wealth, not gross wealth. IF you have a $500,000 house and a $400,000 mortgage and nothing in the bank and no student loans and so on, you have $100,000 in net assets. This is why 33% of Americans and 90% of Russians have less than $10,000 in assets. Massively, massively in debt, or massively, massively income deficient relative to someone from New Zealand or Switzerland.