Tuesday, December 5, 2006

The richest 2% of adults in the world own more than half of all household wealth, according to a new study by a United Nations research institute.

The richest 2% of adults in the world own more than half of all household wealth, according to a new study by a United Nations research institute.

the poorer half of the world's population own barely 1% of global wealth

What they mean by wealth in this study is what people own, less what they owe - their debts. The assets include land, buildings, animals and financial assets

Wealth is heavily concentrated in North America, Europe and some countries in the Asia Pacific region, such as Japan and Australia.


In richer nations, landowners can afford not to farm their properties

These countries account for 90% of household wealth

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