Question #1 What methods exist to measure wealth inequality? Answer #1 Several methods are used to measure and determine wealth inequality. The most common method is the Gini coefficient, which measures the distribution of income or wealth across a population. Other methods include the Theil index, the Hoover index, percentile … Continue reading
Category Archives: Wealth
The Wealth Pyramids
Comparison between current and ancient depiction of pyramids of wealth. The red portion of the bottom pyramid, inspired by Mesoamerican models, represents the blood, sweat and tears of the poor. The rectangular gold reflects the wealth of the elite. It is true that the current trade deficit of the U.S. … Continue reading
Credit Suisse Global Wealth Pyramid 2022
A large base of low wealth holders underpins higher tiers occupied by progressively fewer adults. We estimate that 2.8 billion individuals – 53% of all adults in the world – had wealth below USD 10,000 in 2022. The next segment, covering those with wealth in the range of USD 10,000–100,000, … Continue reading
Poverty, Inequality, and Hydrogen
“Unlike some other calculations, those relating to poverty have no intrinsic value of their own. They exist only in order to help us make them disappear from the scene…. With imagination, faith and hope, we might succeed in wiping out the scourge of poverty even if we don’t agree on … Continue reading
The Players
The combined GDP of BRICS members on this list (China, India, Russia and Brazil) amounts to $58,096,000,000,000. The combined GDP of the “Western” allies (the United States, Japan, Germany, France, and the United Kingdom is $44,006,000,000,000, a difference of $14,090,000,000,000. The United States The outstanding debt of the United … Continue reading
Distribution of Wealth in the U.S.
April 22, 2017 In the United States, wealth is highly concentrated in relatively few hands. As of 2013, the top 1% of households (the upper class) owned 36.7% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 52.2%, which means that just … Continue reading
Poor Suburbia
A report (in English only) by the Brookings Institution dated July 31, 2014 analyzing in great detail how, beginning in 2000, poverty has taken over the suburbs of the 100 largest metropolitan areas in the United States.
8 Men as Wealthy as 3.5 Billion People
January 15,2017 OXFAM reports that new estimates show that just eight men own the same wealth as the poorest half of the world. Yes, 8 men versus 3.5 billion people. Coincidentally no doubt, their native languages coincide with the first and last truly global empires since 1492.
Extreme Poverty Worse For Men
April 3, 2016 Writing for the U.S. Bureau of Labor Statistics, Eleni Karageorge reports that researchers in the National Bureau of Economic Research have found that men who experienced poverty as children suffered greater economic consequences than women who grew up in poverty. Gender differences in employment rates varied. Among … Continue reading