Global household wealth was $222.7 trillion in mid-2012, equal to $48,500 for each of the 4.6 billion adults in the world. Wealth is defined as “the marketable value of financial assets plus non-financial assets (principally housing and land) less debts.”
Mean or average wealth is calculated by dividing the total wealth of a country by its adult population. Median wealth is the wealth holdings of the adult in the middle of the wealth distribution. The median is generally considered a far more reliable indicator of wealth because it is less sensitive to extremes at the top or bottom of the distribution. The greater the divergence of mean and median wealth, the greater is the wealth inequality.
UK
47,883,000 adult population, total wealth $12 trillion,
Mean wealth per adult $250,005 trillion. median wealth per adult - $115,245.
Millionaires - 1,582, 000 Members of the top 10% of global wealth, 29,321 Members of the top 1% of global wealth -2,729
USA
236,502,000 adults, $62 trillion total wealth, $262,351
mean wealth per adult, median wealth $38,786
11,023,000 millionaires, number of the top 10% 94,111, members of the 1% 16,376
America and Britain are clearly wealthy countries. Is that wealth concentrated in relatively few hands? Definitely.
From here
The world’s richest 300 people control more wealth than the poorest 3 billion, and the gap continues to grow, according to the latest report issued last month by the Capgemini wealth consultancy and the Royal Bank of Canada.
Data in the World Wealth Report 2013 shows that millionaires across the world increased their holdings by 10 percent in 2012, reaching a record high of $46.2 trillion. One million people joined the global “high net worth individual” population, which jumped to 12 million, an increase of 9 percent over the last year. A high net worth individual is defined as someone with “investable assets of $1 million or more, excluding primary residence, collectibles, consumables, and consumer durables.”
But the growing population in the millionaires club doesn’t indicate that the wealth is being spread more evenly — quite the contrary. According to the Economic Policy Institute, income for the top 1 percent in the U.S. has increased by 275 percent over the past 30 years, while income growth for the rest of Americans has remained stagnant. According a 2013 Pew Research Center analysis of Census data, the mean net worth of households in the upper 7 percent of the wealth distribution rose by an estimated 28 percent from 2009-2011 while the mean net worth of households in the lower 93 percent actually dropped by 4 percent over the same period.
Mean or average wealth is calculated by dividing the total wealth of a country by its adult population. Median wealth is the wealth holdings of the adult in the middle of the wealth distribution. The median is generally considered a far more reliable indicator of wealth because it is less sensitive to extremes at the top or bottom of the distribution. The greater the divergence of mean and median wealth, the greater is the wealth inequality.
UK
47,883,000 adult population, total wealth $12 trillion,
Mean wealth per adult $250,005 trillion. median wealth per adult - $115,245.
Millionaires - 1,582, 000 Members of the top 10% of global wealth, 29,321 Members of the top 1% of global wealth -2,729
USA
236,502,000 adults, $62 trillion total wealth, $262,351
mean wealth per adult, median wealth $38,786
11,023,000 millionaires, number of the top 10% 94,111, members of the 1% 16,376
America and Britain are clearly wealthy countries. Is that wealth concentrated in relatively few hands? Definitely.
From here
The world’s richest 300 people control more wealth than the poorest 3 billion, and the gap continues to grow, according to the latest report issued last month by the Capgemini wealth consultancy and the Royal Bank of Canada.
Data in the World Wealth Report 2013 shows that millionaires across the world increased their holdings by 10 percent in 2012, reaching a record high of $46.2 trillion. One million people joined the global “high net worth individual” population, which jumped to 12 million, an increase of 9 percent over the last year. A high net worth individual is defined as someone with “investable assets of $1 million or more, excluding primary residence, collectibles, consumables, and consumer durables.”
But the growing population in the millionaires club doesn’t indicate that the wealth is being spread more evenly — quite the contrary. According to the Economic Policy Institute, income for the top 1 percent in the U.S. has increased by 275 percent over the past 30 years, while income growth for the rest of Americans has remained stagnant. According a 2013 Pew Research Center analysis of Census data, the mean net worth of households in the upper 7 percent of the wealth distribution rose by an estimated 28 percent from 2009-2011 while the mean net worth of households in the lower 93 percent actually dropped by 4 percent over the same period.
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