Thread: Just 1% of the worlds population own 50% of worlds wealth

Originally Posted by TerryO

This to me is scary reading, most everyone in Australia falls into the top 10% of the worlds wealthiest people. Many baby boomers would easily fall within the top 1% believe it or not.

Why scary? How can there be so much inequality in living standards and education without there eventually being some sort of backlash from those with so little?

I guess we could always tell the masses with nothing to eat cake.

Have a read of the link below to find out what it takes to be a 1 percenter.

Richest 1 per cent own half the world's wealth: report

Half of household wealth.... The word "househould" makes it sound like we are wealthy......

What I found interesting is that a net worth of $68,000 puts you in the top 10% in the world. Which makes a lot of us very wealthy!!
Cheers
Mike

I appear to be in the top 7%, which is surprising.
Just shows how unequal the world is. Its no wonder so many so-called 'economic migrants' want to move to better places. Hard to blame them, really.

i dont feel wealthy

Originally Posted by Eevo

i dont feel wealthy

Me either!!

Originally Posted by Eevo

i dont feel wealthy

....yes , and being gen X , you're not getting your inheritance

Have a look at this video for a visual of just how messed up wealth distribution is in the USA (and hence the rest of the world too).

[ame]https://www.youtube.com/watch?v=QPKKQnijnsM[/ame]

Originally Posted by cripesamighty

Have a look at this video for a visual of just how messed up wealth distribution is in the USA (and hence the rest of the world too).

why is it messed up?
who says life is meant to be fair