Millionaire households (those with $1 million or more in assets under management) represented 0.7% of the world’s total and owned $33.2 trillion — or about a third of the world’s total.I shouldn't claim to be a millionaire by this definition (though if you include the value of the house...). But it's obscene for less than 1 percent of the population to own a third of the wealth. (Remember this post when I appear to be moving rightward.)
Blogging on bureaucracy, organizations, USDA, agriculture programs, American history, the food movement, and other interests. Often contrarian, usually optimistic, sometimes didactic, occasionally funny, rarely wrong, always a nitpicker.
Thursday, October 04, 2007
Us Millionaires Are Too Damn Rich
From the Wall Street Journals blog, a report of a report on worldwide wealth:
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