Sunday, October 19, 2008
Distribution of Global Wealth
The world distribution of wealth and income is highly unequal. The richest 10% of households in the world have as much yearly income as the bottom 90%.
Wealth - total assets rather than yearly income – is even more unequal. The rich are concentrated in the US, Europe and Japan, with the richest 1% alone owning 40% of the world's wealth.
Poverty, on the other hand, is widespread across the developing countries - which have five-sixths of the world's population. But it has fallen sharply in China.
Source : http://news.bbc.co.uk/2/shared/spl/hi/guides/457000/457022/html/nn5page1.stm
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