1.2% of adults have 47.8% of the world’s wealth while 53.2% have just 1.1% — Michael Roberts

Summary:
Every year, I bring to the attention of readers of my blog, the results of the latest Credit Suisse Wealth Report. It is produced by economists Anthony Shorrocks (with whom I graduated at university), James Davies and Rodrigo Lluberas. It is the most comprehensive study of global personal wealth and inequality between adults around the world. "Wealth" implies ownership. This is the size of the ownership class globally.Michael Roberts Blog — blogging from a marxist economist1.2% of adults have 47.8% of the world’s wealth while 53.2% have just 1.1%Michael Roberts

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