Real-World Economics Review Blog

from David Ruccio

The unequal distribution of global wealth by individuals (not countries) should give us pause. Even the Wall Street Journal is impressed:

Here’s another stat that the Occupy Wall Streeters can hoist on their placards: The world’s millionaires and billionaires now control 38.5% of the world’s wealth.

How do we know? Because Credit Suisse has just published the second edition of its Global Wealth Report, in which they calculate the distribution of the world’s total wealth.

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