The bottom half of adults in the world collectively own less than the richest one percent, according to a Credit Suisse report. The gap between the super-rich and the poor has significantly grown since the global crisis.
The wealthiest one percent owned 42.5 percent of global wealth in 2008, the bank reports.
"The downward trend reversed after 2008 and the share of the top one percent has been on an upward path ever since, passing the 2000 level in 2013 and achieving new peaks every year thereafter. According to our latest estimates, the top one percent own 50.1 percent of all household wealth in the world,” the report said.
"Global wealth inequality has certainly been high and rising in the post-crisis period,” according to the bank.
While the bottom half of adults collectively own less than one percent of total wealth, the richest ten percent owns 88 percent of global assets.
[source : Richest 1% have more money than poorest half of world’s population, RT, https://www.rt.com/business/409815-rich-people-wealth-poor/, 15th November 2017]
Tuesday, November 14, 2017
YAY CAPITALISM : WORLD'S RICHEST 1% OWN MORE THAN WORLD'S POOREST 50%
And this wealth gap has increased significantly since the financial crisis of 2007/8, which was enabled by regular Infowars guest Roger Stone when he scuttled Eliot Spitzer.