[lbo-talk] UN: Richest 2% of adults own more than half of global household wealth

Doug Henwood dhenwood at panix.com
Tue Dec 5 07:25:27 PST 2006


On Dec 5, 2006, at 9:46 AM, bitch wrote:


> I remember that, the other thing they'd said was that, were we to
> disburse the world's wealth evenly, everyone would have $60k a year
> -- which was a fuckload of money in 1985.

This is about wealth, not income.

World per capita GDP is around $9,500. So I don't know where that $60k comes from, unless it's global wealth divided evenly. Since the US has about a quarter of world GDP, if you multiply US household assets ($66b) by 4 and divide by the world pop, you get around $45,000 per person. Maybe that's it?

Doug



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