The most comprehensive world wealth study was completed yesterday by a group of British, Canadian, Finnish and U.S. economists put together by the United Nations. I’ll summarize the findings for you:
- The richest 1% of people in the world own 40% of the wealth in the world.
- The next richest 9% own the next 45% of the world’s total wealth (aka, top 10% own 85% of wealth).
- The bottom 50% own 1% of the world’s wealth.
- Nearly 4 out of every 10 people in the wealthiest 1% of the world are American (and everyone wonders why we feel so overworked).
Doesn’t seem fair does it? If the world’s wealth was even spread over each person we’d all have $26,000 to our names. I recently traveled a few different countries and have yet to find one where people work as hard or are as motivated as Americans. I wonder if our work ethic has everything to do with these statistics or are we just in the right place at the right time? If you have any thoughts, I’d love to hear from you.
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