The Top 1% Worldwide

Peter's Commentary: The top 1% of the world's population have 48% of the world's total wealth. The top 20% of the world's population have 94.5% of the world's wealth. Which leaves the remaining 80% with just 5.5% of the world's wealth. And if you're not rich, the trend is in the wrong direction. From Chen Weihua, China Daily USA, January 27, 2015: "Income inequality was a … [Read more...]