Because there are ~8 billion people and fewer than 1 billion live in developed economies; half of which probably make less than 42k EUR. Out of the developing world, the 1% owns like 90% of domestic wealth, with the next 5-20% living something resembling a “developed” or “middle class” lifestyle, and most of them are also earning far less than 42k EUR…
They’re called statistics, and are widely produced by govs and orgs the world over. If you really care, you can Google terms like wealth distribution/inequality, PPP, etc.
The closest thing I managed to find was saying that 16.3% of adults worldwide have wealth of 100k to 1m, in 2023 [source: Global Wealth Report 2024 by UBS, see The global wealth pyramid at p23] but this is not what the article says.
Somebody suggested the World Inequality Database but on this topic, the results come by country and/or stats.
Because there are ~8 billion people and fewer than 1 billion live in developed economies; half of which probably make less than 42k EUR. Out of the developing world, the 1% owns like 90% of domestic wealth, with the next 5-20% living something resembling a “developed” or “middle class” lifestyle, and most of them are also earning far less than 42k EUR…
Do you have any decent link that supports this?
I didn’t manage to spot in the study itself, how they calculate this number. If anyone has, please share this part.
They’re called statistics, and are widely produced by govs and orgs the world over. If you really care, you can Google terms like wealth distribution/inequality, PPP, etc.
I totally tried and then decided to ask here.
The closest thing I managed to find was saying that 16.3% of adults worldwide have wealth of 100k to 1m, in 2023 [source: Global Wealth Report 2024 by UBS, see The global wealth pyramid at p23] but this is not what the article says.
Somebody suggested the World Inequality Database but on this topic, the results come by country and/or stats.