Richest 2% own 'half the wealth' (BBC) {UN study}

[eppur_se_muova]

By Andrew Walker
Economics correspondent, BBC World Service

The richest 2% of adults in the world own more than half of all household wealth, according to a new study by a United Nations research institute.

The report, from the World Institute for Development Economics Research at the UN University, says that the poorer half of the world's population own barely 1% of global wealth.

There have of course been many studies of worldwide inequality.

But what is new about this report, the authors say, is its coverage.

It deals with all countries in the world - either actual data or estimates based on statistical analysis - and it deals with wealth, where most previous research has looked at income.
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more: http://news.bbc.co.uk/2/hi/business/6211250.stm

[lligrd]

1. And We Let Them nt

[flashl]

2. Under the guise of governance. nt

[edhopper]

3. Shut up

and make those tax cuts perminent! All of us could be in that 2% someday.
G W Bush

[whatchamacallit]

4. Seems fair to me, no reason to change a thing...

:sarcasm:

[lonestarnot]

5. That can't be right. In 1999 it was 56%.

[TalkingDog]

6. In the US the top 10% accumulated 50% of the wealth

The top 15% have 75%.


In the entire world however, there are countries where the top 1% have all the wealth and the other 99% have none.

So the average worldwide is as stated in the article.

[eppur_se_muova]

8. "it deals with wealth, where most previous research has looked at income. "

Don't know if that's the whole explanation or not.

[Captain Angry]

7. Notice, they said adults.

They're just shills for the rich children who want their wealth hidden from the public.

:-P

[Doctor Cynic]

9. If we made the world more equal

then absolutely everyone on this board will have their incomes slashed 70% or more.