Recent Global Wealth Report shows US most unequal
Figures released by the Credit Suisse Global Wealth Reports for November 2016 show that the US remains the fourth highest in mean wealth per adult at $344,692 after Switzerland, Iceland and Australia.
|However, the United States dropped from 25th to 27th in median wealth per adult since the 2014 figures. The median now per adult is $44,977. While the figures show that the US is getting wealthier it is also increasing in inequality. One measure of inequality is the ratio between the mean and median wealth per adult. The 2017 Credit Suisse report can be found here.|
The report further establishes that wealth inequality, measured by the share of the wealthiest 1 percent and wealthiest 10 percent of adults, as compared to the rest of the world's adult population, continues to rise. While the bottom half collectively own less than 1 percent of total wealth, the wealthiest top 10 percent own 89 percent of all global assets.The top one per cent alone own 51 percent of the world's total wealth.