Tuesday, December 05, 2006

Haves, Have Nots

This doesn't really surprise me, but it is nonetheless quite disturbing. From The London Times:

The richest 2 per cent of adults own more than half the world’s wealth, according to the most comprehensive study of personal assets.

The article also says that 85 percent of the world's assets can be accounted for by only 10 percent of the world's population. 90 percent of the world's wealth is concentrated in "North America, Europe and high-income AsiaPacific countries."

I'm no economist, but I would hope that we could all agree that this degree of economic disparity is a big problem. Of course, I think I'm probably belong to that 10 percent that controls 85 percent of the money and therefore am part of the problem.

Want to know whether you're part of the problem? Check out the always fascinating and disheartening Global Rich List. If you're curious about growing economic inequality in the U.S., check out this chart from the Economic Policy Institute.


Anonymous Joetek said...

Wow! That site really makes you think! I was playing around with numbers and found that $US850/year would put you at the 50% mark!

Makes you think...

9:17 AM  

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