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Global wealth inequality- 62 people are now as wealthy as world's 3,6 billion poorest
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Nolecbo Offline
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RE: Global wealth inequality- 62 people are now as wealthy as world's 3,6 billion poorest
Oxfam calculates individuals from their net worth - assets minus liabilities equals net worth.

After college I was probably in their 10-20% of the worlds poorest (student loans, very few assets). My brother did the same, then grad school. 4-5 years later he bought a giant house in the American suburbs, he is probably still in the bottom 5% based on their methodology.

If you look at the bottom 20% by continent it is almost exclusively Europe and North America (because of debt culture).

After I paid down my student loan and banked some cash in my 401k I soared past a billion people in China, a billion people in India and another billion in Africa.
01-21-2016 07:57 AM
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Messages In This Thread
RE: - zero1 - 01-21-2016, 07:33 PM
RE: Global wealth inequality- 62 people are now as wealthy as world's 3,6 billion poorest - Nolecbo - 01-21-2016 07:57 AM
! - DjembaDjemba - 01-21-2016, 12:11 PM
RE: Global wealth inequality - poutsara - 01-21-2016, 11:24 PM

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