Difference between revisions of "Wealth distribution"
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Conservative (talk | contribs) (Created page with "According to ''Business Insider'': {{Cquote|Currently, the top 1% of people own nearly half of the world's household wealth. According to Credit Suisse's 2018 global wealth re...") |
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According to ''Business Insider'': | According to ''Business Insider'': | ||
{{Cquote|Currently, the top 1% of people own nearly half of the world's household wealth. According to Credit Suisse's 2018 global wealth report, "the richest decile (top 10% of adults) owns 85% of global wealth, and the top percentile alone accounts for almost half of all household wealth (47%)." This is especially true in the US, which has more members of the 1% than any other country. Credit Suisse defines membership in the top 10% as having $93,170 or more in net assets, while the top 1% has $871,320.<ref>[https://www.businessinsider.com/climate-change-plan-billionaires-share-money-2018-10 A scientist who predicted a grim 'Hothouse Earth' says the world’s billionaires need to give up their money to save us], Business Insider, 2018</ref>}} | {{Cquote|Currently, the top 1% of people own nearly half of the world's household wealth. According to Credit Suisse's 2018 global wealth report, "the richest decile (top 10% of adults) owns 85% of global wealth, and the top percentile alone accounts for almost half of all household wealth (47%)." This is especially true in the US, which has more members of the 1% than any other country. Credit Suisse defines membership in the top 10% as having $93,170 or more in net assets, while the top 1% has $871,320.<ref>[https://www.businessinsider.com/climate-change-plan-billionaires-share-money-2018-10 A scientist who predicted a grim 'Hothouse Earth' says the world’s billionaires need to give up their money to save us], Business Insider, 2018</ref>}} | ||
Revision as of 18:59, October 20, 2018
- See also: Income redistribution
According to Business Insider:
| “ | Currently, the top 1% of people own nearly half of the world's household wealth. According to Credit Suisse's 2018 global wealth report, "the richest decile (top 10% of adults) owns 85% of global wealth, and the top percentile alone accounts for almost half of all household wealth (47%)." This is especially true in the US, which has more members of the 1% than any other country. Credit Suisse defines membership in the top 10% as having $93,170 or more in net assets, while the top 1% has $871,320.[1] | ” |