Author Topic: Perspective  (Read 923 times)

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Plane

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Perspective
« on: December 19, 2006, 12:06:23 AM »
http://articles.moneycentral.msn.com/News/StudyRevealsOverwhelmingWealthGap.aspx

But let's not feel too bad about ourselves, even if we do have a negative savings rate. The average wealth in the United States is $144,000 per person. In Japan, it's $181,000. Overall, wealth is mostly concentrated in North America, Europe and high-income Asia-Pacific countries. People in these countries collectively hold almost 90% of total world wealth.


Meanwhile, "many people in high-income countries have negative net worth and -- somewhat paradoxically -- are among the poorest people in the world in terms of household wealth."


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There was a while there when I was richer than Donald Trump , because I had a lessor debt.

Of course by these measures that time was when Donald Trump was the poorest man on earth because he had the biggest debt of all.