Thursday, June 05, 2014

Global & U.S. Wealth by the Numbers

The United States is the wealthiest country in the world, in terms of GDP, but it's dramatic inequality leaves it behind others in median income -- with Australia's $219,505 far surpassing the U.S. measly $45,000 (according to the just-released Credit Suisse 2013 Global Wealth Report). Global wealth overall reached an all-time high of $241 trillion, up about five percent from last year. If all the money in the world were spread evenly among the world's population, each person would have an astounding $51,600 Here is a map of what it would look like if countries' GDP were spread out evenly among their populations.

Global inequality, however, remains high. The richest 10 percent of people in the world hold 86 percent of the world's wealth and the top 0.7 percent own 41 percent. Meanwhile, the bottom half of adults own one percent of the world's wealth, with more than two thirds of people worth less than $10,000.

Tip of the pyramid, showing about 10,000 people have more than $50 million.

About half of those people live in the US.

Percentage of millionaires by country -- the U.S. does well there!

Over the past year, the U.S. made greater gains in wealth than any other country; though it has done little to address the persistent poverty, stagnant wages or unemployment/underemployment issues.

* Charts courtesy of Mother Jones.

No comments: