This statistic is a pet peeve of mine because it's so misleading. 1) Something like 30-40% of people in the world have a negative net worth. For example: if yo

This statistic is a pet peeve of mine because it's so misleading. 1) Something like 30-40% of people in the world have a negative net worth. For example: if you graduate college with loans, your net worth is negative. That means anyone with a positive net worth has a higher net worth than 30-40% of the world combined. But that is a meaningless fact. 2) This doesn't take other factors into account, like local cost of living. For example, someone with $100k in one country might be relatively wealthier than someone with $1m in another country. But if the first country has 10 people with $100k and the second country had one person with $1m, the Davos Report claim would sound the same.