> Credit Suisse defines “wealth” as the value of a household’s financial assets plus real assets (principally housing), minus their debts. This definition excl

> Credit Suisse defines “wealth” as the value of a household’s financial assets plus real assets (principally housing), minus their debts. This definition excludes a whole category of people: Those whose wealth is 0 (or even negative) but they are rich or at least living like rich people. If you own $10m in assets and have $10m in debt, your wealth is 0 but I'm pretty sure you are not poor. What's the percentage of such people in society? This should make inequality even worse. Then you have a category of people who are not rich on paper but they have access to privileges (ie: government bureaucrats). As bad as inequality on these stats is, I think it's severely under-reported.