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I don't get this article. > Obviously billionaires like Bill Gates, Warren Buffett and Mark Zuckerberg are part of the 1%. But who else is? According to Credit
by tomp 12y ago
I don't get this article.
> Obviously billionaires like Bill Gates, Warren Buffett and Mark Zuckerberg are part of the 1%. But who else is? According to Credit Suisse, another 47m people
There are 7 billion people in this world. 1% of that is 70 million, not 47 million.
Never trust journalists writing about statistics (or anyone who hasn't studied statistics, they probably have no idea what they're talking about) (on second thought, don't trust people who have studied statistics either; they now enough to manipulate you).
- jimminy 12y agoThe image and number comes from the Credit Suisse report[1]. Inside of it, they describe their methodology, which explains the discrepancy. > "More specifically, since children have little formal or actual wealth ownership, we focus on wealth ownership by adults, defined to be individuals aged 20 or above." [1](page 5): https://publications.credit-suisse.com/tasks/render/file/?fileID=5521F296-D460-2B88-081889DB12817E02 https://publications.credit-suisse.com/tasks/render/file/?fi...
- tomp 12y agoSeems a rather important detail to omit.
- justicezyx 12y agowow not so quickly slapped in the face...
- level09 12y agoThe remaining must be residing in the oil-rich middle east gulf countries, royal families who usually never disclose their finances.