Think you're bad off finicially???

[Charlie P]

By MarketWatch
The richest 2% of the world's population owns more than half of the world's household wealth.
You may believe you've heard this statistic before, but you haven't: For the first time, personal wealth -- not income -- has been measured around the world. The findings may be surprising, for what makes people "wealthy" across the world spectrum is a relatively low bar.
The research indicates that assets of just $2,200 per adult place a household in the top half of the world's wealthiest. To be among the richest 10% of adults in the world, just $61,000 in assets is needed. If you have more than $500,000, you're part of the richest 1%, the United Nations study says. Indeed, 37 million people now belong in that category.
Half live on less than $2 a day Sure, you can now be proud that you're rich. But take a moment to think about it, and you'll probably come to realize that the meaning behind these numbers is harrowing. For if it takes just a couple of thousand dollars to qualify as rich in this world, imagine what it means to be poor.

Half the world, nearly 3 billion people, live on less than $2 a day. The three richest people in the world "“- Microsoft Chairman Bill Gates, investor Warren Buffett and Mexican telecom mogul Carlos Slim Helú -- have more money than the poorest 48 nations combined.
Even relatively developed nations have low thresholds of per person capital. For example, people in India have per capita assets of $1,100. In Indonesia, capital amounts to $1,400 per person.

[bawanajim]

They will all do better Wya send more of our jobs to them.

Free trade is good for us. Right? arn't these the people that are going to be buying the stuff we make?

I'm confused????????????[]

[ipscshooter]

WOOOHOOO!!!! I'M RICH!!!!

[Aught Six]

Yep, no matter what's going on in the world, it usually sucks royally not to be in America.

[DougMD]

Funny how all these other countries are held in highest esteem by liberals as they criticize our own, yet at the same time, people from these other countries want more than anything to live here.

[Buster T]

and white people are a hhuge minoirty in this world too ......... can I get special admission to USC ?


I don't think so ..........

[Whitehorse]

For all the issues & problems, & room for improvement the US is still by far the best country in which to be on earth.

Yep, thats how America was built. Put the carrot in front of the horse, work hard, and one day you will move up.You start trying to flatten the playing field, you have East Germany during the cold war.

[vc1111]

To a certain degree, we've been lucky because of our vast resources. Other nations, have deserts, rocks, sand, little water, no chance to ever be what we've become.

But for the Grace of God, you were not born there.

[Buster T]

VC - you think so ?

Africa is a poor wasteland. But their natural resources are incredible.
The Middle Eastern people are poor - but their resources of oil is unparalleled until recently.
Canada is a vast natural resource, and while not poor, they are not American rich.
All South American countries have great resources - all poor
Mexico has resources, and one of the poorest.


The United States doesn't have the greatest minreal deposits, oil deposits, nor the greatest tourism or wildlife .......... why is then that we're one of the countries that have the fewest poor people ??