Only 20 000 in the bank? You are still richer than half the world’s population – Veckans Affärer

A new report puts a global perspective on your assets.

You have assets totalling around sek 20 000 (2 222 dollars) – that is to say the sum of your savings, investments and property ownership minus your liabilities – is richer than half the world’s population.

If your assets, however, is a total of at least 660 000 sek (71 560 dollars) then you are richer than 90% of the world’s population. And with assets of around sek 7 million (744 400 dollars) belongs to you the world’s richest 1%.

It shows a recently released report on global wealth from Credit Suisse Research Institute, writes The Economist.

the 44 million chinese are now among the world’s richest 10 percent, at the same time as 10 million americans, ranks in the lowest 10% – because they are sitting on liabilities greater than their assets.

the Report is based on household assets, rather than income levels which otherwise is a common procedure when it comes to global studies of this kind.