Attention Economy


Wednesday, October 23, 2019

Wealth - US and International Trends

The Economist on the number of millionaires (by country):
“… wealth is a confused topic. It has grown a lot because low interest rates have increased asset prices. Moreover, it is tied up in retirement savings as well as varying degrees of social insurance. …
Credit Suisse reckons that the share of wealth owned by the richest 1% of adults declined slightly in the years before the crisis, but has grown since then. They now own 45% of the world’s wealth, the bank says; the wealthiest 10% have 82%. The bottom 50% account for less than 1%.”

The richest 10% of households now represent 70% of all U.S. wealth

The top 1% income earners by state: Here's how much you need to make to qualify