The middle class is well and truly dead. How does this bode for countries like Canada, who were built for and by the middle class? Time will tell...
"The richest two per cent of adults in the world own more than half of global household wealth, according to a study released on Tuesday.
In 2000 the richest one per cent of adults owned 40 per cent of global wealth, a report by the Helsinki-based World Institute for Development Economics Research of the United Nations University (UNU-WIDER) said.
Its comprehensive study of personal wealth has revealed that the richest 10 per cent of adults accounted for 85 per cent of the total global assets. In contrast, the bottom half of the world adult population owned barely one per cent of global wealth."
http://economictimes.indiatimes.com/articleshow/725095.cms
Popular Posts
-
Lots of funny stuff today. Tim, check this one. http://www.penny-arcade.com/view.php3
-
I've learned a great many things over the past month... "friends" at work are not neccessarily friends, people you thought wer...
-
Very dry, dull book with some basic financial info like ROI and cash flow. Not a lot here.
-
Brad Dalton is the first to admit his theory is far-fetched: that bacteria could account for odd light emissions, as well as the reddish hue...
-
The probes findings have provided a few salient new notions about the nature of cosmic reality. For starters, the universe is 13.7 billion y...
-
In a mine in California, scientists found the smallest bacteria so far discovered -- living in conditions as acidic as battery acid. Why thi...
-
Not a bad audio book, but I expected more. Big ideas: Build a high performance, high-trust culture; Identify desired results and un...
-
Good acting, great writing, but ultimately falls flat due to it's inner pretentiousness and consequence-free portrayal of teen pregnancy...
-
Increasingly, the overstretched and overburdened have a new answer to work lives of gunning harder for what seems like less and less: Dont j...
