Wealth disparity increasing
New data published by the Guardian newspaper suggests that
the prevalent global wealth disparity is increasing worldwide. The wealth of
the 400 wealthiest individuals in the United States has increased significantly
since 2012, rising from 1.7 trillion dollars to 2.1 trillion dollars.
Whilst the wealth of the top 400 people in a country is by
no means an entirely accurate or complete representation of the distribution of
assets and by extension wealth , these statistics make for interesting reading
given the current wealth distribution of the United States.However, I think it is important to note that wealth of ultra high net worth individuals is correlated to stock market indices , for much of the wealth of these individuals is held in shares of their own companies, or large portfolios of stocks in multiple different companies.
A simple Google search reveals that the asset allocation of
the United States is incredibly disproportionately biased towards the upper
echelons of economic society. Whilst the top 1% of people by wealth hold 34.6 %
of the wealth, the bottom 40 % hold a frighteningly low 0.2 % of wealth,
statistics which make for worrying reading for those who rightfully wish for a
more equal society with equal quality of life for all.
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