A little something you may find to be an interesting read is the popular Credit Suisse Global Wealth Report.
“The aim of the inaugural Credit Suisse Global Wealth Report and Credit
Suisse Global Wealth Databook is to provide the most comprehensive
study of world wealth. Unlike other studies, the Global Wealth Report
measures and analyzes trends in wealth across nations, from the very
bottom of the “wealth pyramid” to the ultra high net worth individuals.”
Credit Suisse Global Wealth Report
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Interesting report! China and India are shooting up fast, and I found this paragraph interesting, too:
“Although significant wealth inequality is created by the
strong urban-rural divide in China alone, overall wealth
inequality is low — both by broad international standards and in
comparison to other transition countries. This is due to such
factors as the virtual absence of inherited fortunes, and
relatively equal division of both rural land and privatized housing.
Wealth inequality has been rising, however, with the increasing
wealth of successful entrepreneurs, professionals, and
investors.”
Hey Kevin,
Glad you liked the report. This “screams” emerging markets as the long term trend already in place with little chance of slowing anytime soon.
Thank you for the report.
It seems to me, at least in the UK, that our economy is falling farther behind everyday and people aren’t really aware of it. Our lifestyle has been above that of other countries for decades and what our people haven’t quite realised yet is that we are just at the beginning of a rebalancing of fortunes, where the West will endure very much greater austerity during the rebalance.
Steve
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I agree Steve…it’s true when you look at things, people’s lifestyle has taken a few steps back. It’s the old cliche story of the frog in the boiling pot of water. I have found that some people who have taken up non-traditional means (going to work for themselves) have done extremely well; but not across the board. Thanks for the comment.