Another report shows the rich are getting richer and the poor are getting poorer. Boston Consulting Group says only one percent of the population can call themselves millionaires or richer, and the share of their wealth is growing.
About 18.5 million households have net assets of at least $1 million, totaling $78.8 trillion, which is near the global annual economic output, Boston Consulting said in its Global Wealth 2016 report. Continue reading »
Tags: Economy, Global News, Inequality
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
Tags: Economy, Global News, Inequality, Society, U.S.
– Inequality Now at Lord and Serf Level (Washington’s Blog, Nov 14, 2014):
You Know Inequality Is Bad … But You Don’t Know HOW Bad
You know inequality is bad … but you don’t know how bad.
We’ve gotten to the overlord and serf level.
Gini Graham Scott writes: Continue reading »
Tags: Economy, Global News, Inequality, Society