About 13M households in the US have negative net worth, so would I have more wealth than 13M US households put together? Without knowing how this figure is calculated, this seems like a meaningless metric. Though the wealth gap is definitely a problem by any metric, I don’t think this metric is very helpful.
About 13M households in the US have negative net worth, so would I have more wealth than 13M US households put together? Without knowing how this figure is calculated, this seems like a meaningless metric. Though the wealth gap is definitely a problem by any metric, I don’t think this metric is very helpful.
https://www.aspeninstitute.org/blog-posts/thirteen-million-us-households-have-negative-net-worth-will-they-ever-move-from-debt-to-wealth/
That said 3.6B is almost half of the world population
That’s still no good
Are they counting children? 2.6B people are under the age of 20. How are they counting money for those?
I agree, still not good, but a very useless metric.
It’s only useless if you make things up about it.
https://en.wikipedia.org/wiki/Distribution_of_wealth#/media/File:Global_Wealth_Distribution_2020_(Property).svg