The problem is not that we have a few people that are rich – the problem is that we have so many that are poor. As you will see below, three extremely […]
Eight billionaires from around the globe are as rich as the 3.6 billion people who make up the poorest half of the world’s population, according to a report published by Oxfam on […]
Once upon a time, the mainstream media worked very hard to maintain the illusion that they were “objective” and “unbiased” when it came to reporting on national elections, but now those days […]
We are about three weeks into 2016, and we are witnessing things that we have never seen before. There were two emergency market shutdowns in China within the first four trading days […]
Did you know that the top 1% has more wealth than the rest of the planet combined? And just 62 ultra-wealthy members of the elite have as much money as the poorest […]
Did you know that 15 trillion dollars of global stock market wealth has been wiped out since last June? The worldwide financial crisis that began in the middle of last year is […]
It was another day of utter carnage on Wall Street. The Dow was down another 364 points, the S&P 500 broke below 1900, and the Nasdaq had a much larger percentage loss […]
A lot of people were expecting some really big things to happen in 2015, and most of them did not happen. But what did happen? It is my contention that a global […]
Do we need any more evidence before we will finally admit that the middle class in America is being systematically destroyed? As you will see below, when you add together all of […]
Forget the 1% — the real winners of the post-collapse economy are America’s top one-thousandth. Using data gleaned from tax returns to estimate the distribution of household wealth in the United States […]
The richest 1% of the world’s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession. According to the Credit Suisse global wealth report (pdf), a person needs just $3,650 – including the value of equity in their home – to be among the wealthiest half of world citizens. However, more than $77,000 is required to be a member of the top 10% of global wealth holders, and $798,000 to belong to the top 1%.
Global wealth grew by 8.3pc – its fastest rate ever – over the last year, reaching a worldwide total of $263 trillion, according to Credit Suisse’s Global Wealth Report for 2014. From average worth to millionaire growth, here are the other numbers you need to know.
An analysis by USA TODAY shows that living the American dream would cost the average family of four about $130,000 a year. Only 16 million U.S. households — around 1 in 8 […]