The World's 85 Richest People Are As Wealthy As The Poorest 3 Billion

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Yes, that equation works out to: 85 > 3,000,000,000. Before we dig into the document, a programming note about wealth inequality. Wealth isn't income. Salary is income. But investmentsstocks, houses, or equity in a businessbuild wealth. Wealth comes from the money you don't immediately spend. Since poor people spend more of their income immediately, and rich people save/invest more of their income immediately, it's predictable that wealth inequality be much worse than income inequality. That said, the document is chock full of figures that will make the inequality community's heads explode.












Smart Money Behavioral Analysis Tells Best 9 Wealth-Building Stocks





But prior forecasts for each stock similar to today's have had maximum price drawdown experiences (while dillards dillards held) of less than -4% while SPY's similar experiences have been higher at -4.4%. Still, the SPY outlooks suggest a continuing positive and productive market outlook. Likewise, those prior stock forecast experiences have averaged nearly +10% for the stocks and only 3+% for SPY. The average stock holding period of 35 market days (7 calendar weeks) generates an annual rate of gain of +95%, compared to SPY's parallel of but +21%. The Sample Size data helps provide reassurance that all these history averages are not one-off examples.







Oxfam report highlights widening income gap between rich, poor





That small elite has received 95% of wealth created since 2009, after the financial crisis, while the bottom 90% of Americans have become poorer, Oxfam said. The uneven gains of the economic recovery, in which many people have had to take lower-paying jobs, have exacerbated income inequality, said Christine Owens, executive director of the National Employment Law Project. "The people who are losing ground are the people in the middle and the bottom" of the economic spectrum, Owens said. There also are concerns about the broader effect of the wealth gap. "Income inequality is also socially destabilizing," Owens said. "So it's not just a question of fairness; it's a question of how do we preserve a functioning democracy, and it's difficult to do that if we don't have broadly shared prosperity." The problem exists worldwide, Oxfam said. The share of wealth owned by the richest 1% since 1980 expanded in all but two of the 26 nations tracked by researchers in the World Top Incomes Database. That has put a "massive concentration of economic resources in the hands of fewer people," the report said.