Top 0.7 Percent of World’s Population Controls $116.6 Trillion of Wealth


SIGN UP FOR OUR NEWSLETTER

During the age of Obama, the rich have gotten richer and the poor, far poorer, according to a survey of the world’s wealth.

Swiss bank Credit Suisse has released its 2016 review of the world’s wealth, showing that during the last six years, the control of wealth at the top has become more concentrated, while earners at the bottom who are worth less than $10,000 have not only become a larger pool of people, but have also lost wealth.

SIGN UP FOR OUR NEWSLETTER

The most recent review shows that nearly half the world’s wealth — or about $255 trillion, which makes up 45.6 percent of the world’s wealth — is owned by a mere 0.7 percent of the world’s population. Meanwhile, 73.2 percent of the world only holds about $6 trillion of the world’s wealth, according to ZeroHedge.com.

Visit our new websites featuring all the news and latest technology that is about to change the world we live in forever

But a previous Credit Suisse review from 2010 revealed that the top wealthiest people, which then made up only 0.5 percent of the world’s population, owned a far lower $69.2 trillion of the world’s wealth. In that same year, 68.4 percent of the world’s citizens owned a larger $8.2 trillion in wealth.

The previous review also revealed that the middle classes lost ground since 2010.


All the links in Encyclopedic.co.uk stories are in RED with a Square and arrow, follow the links if you need to get more information, All our stories have all the links back to the original source, we also have other versions of the story on our website, Search our site using the link to the top left, check them all so you can decide what is the truth or copy and paste some words into google and get even more sources.

Any external stories, features, news feeds, articles or external website content, linked to from within this website (through direct links or RSS feed boxes, etc.) are the absolute, and strict, copyright of the writers, owners or publishers concerned.

Search our Site 

www.google.com

The middle classes took a huge hit between 2010 and 2016. Citizens worth between $10,000 and $100,000 have shrunk from the 2010 number of 1,045 million people (or 23.5 percent of the world’s population) to the much lower number of 897 million (18.5 percent of the people) this year.

Meanwhile, the upper middle class seemed relatively static. In 2010, 334 million people (7.5 percent of the population) were worth up to a million dollars. By this latest review, 365 million people (also 7.5 percent of the population) were worth as much.

The Credit Suisse report also found that 41 percent of all the world’s citizens worth at least a million dollars live in the United States. Only Japan and the United Kingdom came close with nine percent and seven percent, respectively, of the world’s population worth up to a million dollars.

The list of ultra high net worth-level (UHNW) individuals is also dominated by Americans. Fifty-two 52 percent of all the world’s UHNW individuals live in the U.S. By contrast, it takes all of Europe to equal the next 21 percent of these very wealthy people.

It does not appear that President Barack Obama’s polices helped the poor and middle classes get ahead. Instead, the rich have fared extremely well in the era of Obama, while everyone else has lost ground.

View the original article: http://feedproxy.google.com/~r/breitbart/~3/wi1mNLKt7TE/

Follow Warner Todd Huston on Twitter @warnerthuston or email the author at igcolonel@hotmail.com.

Beware of other sites you have never heard of giving you news, a lot of them are just wanting to feed you multiple popup adverts and malware

Visit us on facebook at https://www.facebook.com/notinthemainstreamnews/
We use all our content under fair use to compare who is Fake and who is not, we do not claim ownership at all, all stories are published by the owners as FREE RSS Feeds.

Othen.bizRegisteredgites.com Giteinfrance.biz – Simonothen.com = Northernsoulers.uk – LaBataille.co.uk

In the same category are

Report: Tesla in Talks to Launch Music Streaming Service Elon Musk has tackled the interplanetary (SpaceX), the subterranean (The Boring Company), and everything in between (Tesla). Now he’s eyeing the music...
Kickstarter Goes for Gold With New Takes on Old Projects Kickstarter is bringing back some golden oldies this summer.The crowdfunding service on Tuesday launched Kickstarter Gold: a 40-day program spotlighti...
Hands-on: ‘Fallout 4 VR’ Shows Improvements, but I’m Still Not Sold Entering the Wasteland, sneaking up on a group of raiders and shooting them down with guns in your own two hands, tossing back a Nuka-Cola, hanging ou...
Self-Driving Potato Pet is Better Than a Cat Middle-school science teaches us how to make a potato-powered light bulb: Using pennies, zinc-plated nails, copper wire, and a simple spud, we create ...
Valve Reveals More Detail on ‘Knuckles’ Motion Controllers Valve has lifted the veil somewhat on its Knuckles controllers, first revealed as a prototype last October at the company’s annual Steam Dev Day...
Hands-on: IBM Watson Brings Voice Commands to ‘Star Trek: Bridge Crew’ IBM Watson, the artificial intelligence platform designed to understand natural language, today launched support for Star Trek: Bridge Crew (2017) acr...
YouTube VR Creator Lab to Mentor and Fund Creators up to $40K On August 7th 2017, YouTube Space LA hosts the beginning of the VR Creator Lab, a 3-month program to assist content creators in producing “origi...
Google to Bring 3D 180 ‘Point-and-Shoot’ Cameras to Vloggers this Winter To fit alongside the company’ Daydream mobile VR platform, Google is partnering with Lenovo, LG, and YI Technology to create a new class of 180 ...
Never Go to Bed Angry with Climate-Controlled Smartduvet Summer is upon us. And that means sticky, sweaty nights struggling to find the right balance of duvet coverage to bare legs. A challenge made harder b...
The Pixar Game, or, Hot Takes 101 Unsurprisingly, Cars 3 has won the race to number one at the box office. However, along with raking in tons of cash like it was engineered to, Disney/...
MovieBob Reviews: TRANSFORMERS: THE LAST KNIGHT — The following contains SPOILERS for Transformers: The Last Knight — I don’t know what that question even means for the Transformers movies anymore. ...
GE CEO Calls BS on Job Automation Fears The idea that factories will be run by robots in five years is “bullshit,” according to outgoing General Electric CEO Jeff Immelt. It will probably ta...
Girl Scouts Learn to Fight Cyber Threats with New Badges Who run the world? Girl Scouts who can identify and prevent cyberattacks. Security firm Palo Alto Networks and Girl Scouts of the USA (GSUSA) have tea...
Review: ‘The Mage’s Tale’ Stepping into The Mage’s Tale, a first-person dungeon crawler RPG that puts you in the enchanted boots of an apprentice mage, is a bit like jump...
YouTube Now Offering Heatmaps for 360 Video Analytics Spherical YouTube videos with over 1,000 views now include ‘360° Heatmaps’ within the Analytics section of the Creator Studio. The new feature provide...
Dungeons & Dragons ‘Dungeon Chess’ Comes to Oculus Rift and Gear VR Dungeon Chess, described as “the first official Dungeons & Dragons-themed Gear VR Game”, is now available on both Samsung’s mobile VR ...
This Flexible Thermoelectric Skin Has Made Me a Believer in Thermal Haptics Korea-based TEGway is developing ThermoReal, a thermoelectric array which can generate heat and cold with impressively low latency. The flexible natur...
Damon Lindelof Takes On Watchmen, Writing Begins for Wonder Woman 2 and More DC News Watchmen is one of those revered classic comics that nearly everyone seems to love. Many consider it to be one of the greatest graphic novels of all t...
Dear Disney, Marvel, and Star Wars, Let Directors Direct A long time ago, a very cool writer and director named George Lucas resisted studio meddling and made a movie called Star Wars. Like nearly all films,...
Sony Tests US Waters With ‘Koov’ Crowdfunding Campaign Sony’s all-in-one coding, robotics, and design kit is heading to the US. After releasing the Koov STEM learning toy in Japan earlier this year, the co...

Special Promotion

Fancy a holiday in rural France ?

Find your ideal holiday accommodation in France, with peace of mind that all our properties are officially registered

Our aim is to provide potential holiday makers with a choice of properties, all of which are officially recognised by the French authorities as holiday lettings.  Every gite and holiday accommodation on our website is registered in France in one of two ways. It is either registered with the local Mayor as a tourism/short stay property or is is registered as a holiday letting business in France and so has a SIRET number. We will not advertise any properties unless we have seen evidence of this. If you want anymore information about this, please do contact us.

Follow us on Twitter 


Dont forget to “Like” us on Facebook


Other Video sections include:  Disclose TV – Twit Podcasts – Coming Soon our own Youtube Channel

We also recommend the excellent “No Agenda Podcast”  with Adam Curry & John C Dvorak


Comment on this story