Hamartia Antidote
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https://www.marketwatch.com/story/t...d-not-so-wealthy-of-the-world-live-2018-11-13
See how much citizens of the wealthiest countries have, compared with the least
Courtesy of HowMuch
Credit Suisse calculated the average wealth of each adult in the largest countries world-wide.
The Credit Suisse Research Institute, a think tank within the Swiss investment bank Credit Suisse, in October published its annual global wealth report. That report estimates the wealth holdings of households around the world, to show wealth distribution across countries.
Then, the personal-finance website HowMuch.net used those findings to create a color-coded map of wealth across the world.
The result: Iceland, Greenland, Canada, the U.S. and many countries in Europe are literally “in the green” on the map — meaning the average net worth per adult is at least $100,000. (To determine net worth, Credit Suisse calculated the market value of all assets for individuals, minus outstanding debts.)
Source: Credit Suisse and HowMuch.net
The average net worth in Iceland is a stunning $555,700 per adult. Switzerland boasted almost as much: $530,200 per adult.
In the U.S., average net worth per adult is $404,000. The country’s high average consumer and student-loan debts are likely offset by the high average wealth of many.
Source: Credit Suisse and HowMuch.net
The median American household currently holds just $11,700 in savings, according to a recent analysis of Federal Reserve and Federal Deposit Insurance Corp. data by personal-finance site Magnify Money. The top 1% of households in the U.S. by income have a median savings of $1.1 million across a variety of saving accounts.
The wealth gap in the U.S. has increased over time. In 2015, the top 1% of Americans made 26.3 times as much income as the bottom 99 percent — an increase from 2013, when they earned 25.3 times as much, according to a recent study released by the Economic Policy Institute, a left-leaning Washington, D.C., think tank.
And several countries, including Ethiopia, the Democratic Republic of the Congo, Mozambique and Madagascar are on the opposite end of the wealth spectrum. The average wealth per adult in Ethiopia is just $167, Credit Suisse found.
Source: Credit Suisse and HowMuch.net
If current trends in wealth inequality continue, the richest 1% across the globe will control nearly 66% of world’s money by 2030, according to the U.K.-based House of Commons Library.
Way to go Greenland!! Wealthy Eskimos!
See how much citizens of the wealthiest countries have, compared with the least
Credit Suisse calculated the average wealth of each adult in the largest countries world-wide.
The Credit Suisse Research Institute, a think tank within the Swiss investment bank Credit Suisse, in October published its annual global wealth report. That report estimates the wealth holdings of households around the world, to show wealth distribution across countries.
Then, the personal-finance website HowMuch.net used those findings to create a color-coded map of wealth across the world.
The result: Iceland, Greenland, Canada, the U.S. and many countries in Europe are literally “in the green” on the map — meaning the average net worth per adult is at least $100,000. (To determine net worth, Credit Suisse calculated the market value of all assets for individuals, minus outstanding debts.)
The average net worth in Iceland is a stunning $555,700 per adult. Switzerland boasted almost as much: $530,200 per adult.
In the U.S., average net worth per adult is $404,000. The country’s high average consumer and student-loan debts are likely offset by the high average wealth of many.
The median American household currently holds just $11,700 in savings, according to a recent analysis of Federal Reserve and Federal Deposit Insurance Corp. data by personal-finance site Magnify Money. The top 1% of households in the U.S. by income have a median savings of $1.1 million across a variety of saving accounts.
The wealth gap in the U.S. has increased over time. In 2015, the top 1% of Americans made 26.3 times as much income as the bottom 99 percent — an increase from 2013, when they earned 25.3 times as much, according to a recent study released by the Economic Policy Institute, a left-leaning Washington, D.C., think tank.
And several countries, including Ethiopia, the Democratic Republic of the Congo, Mozambique and Madagascar are on the opposite end of the wealth spectrum. The average wealth per adult in Ethiopia is just $167, Credit Suisse found.
If current trends in wealth inequality continue, the richest 1% across the globe will control nearly 66% of world’s money by 2030, according to the U.K.-based House of Commons Library.
Way to go Greenland!! Wealthy Eskimos!
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In any case, hopefully, Credit Suisse comes out clean on this)
