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Got $2,200? In this world, you're rich
Key Excerpts from Article on Website of MSN
Posted: October 11th, 2011
http://articles.moneycentral.msn.com/News/StudyRevealsOverwh...
A global study reveals an overwhelming wealth gap, with the world's three richest people having more money than the poorest 48 nations combined. The richest 2% of the world's population owns more than half of the world's household wealth. For the first time, personal wealth -- not income -- has been measured around the world. The findings may be surprising, for what makes people "wealthy" across the world spectrum is a relatively low bar. The research indicates that assets of just $2,200 per adult place a household in the top half of the world's wealthiest. To be among the richest 10% of adults in the world, just $61,000 in assets is needed. If you have more than $500,000, you're part of the richest 1%, the United Nations study says. If it takes just a couple of thousand dollars to qualify as rich in this world, imagine what it means to be poor. Half the world, nearly 3 billion people, live on less than $2 a day. The three richest people in the world - Microsoft Chairman Bill Gates, investor Warren Buffett and Mexican telecom mogul Carlos Slim Hel -- have more money than the poorest 48 nations combined.
Note: For key reports from reliable sources on income inequality, click here.
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