Discover and read the best of Twitter Threads about #wealthgap

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#Wealth #Gap #Racial #GenderPayGap #IncomeInequality #EqualPay #Resist
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Every year on the eve of @wef @Davos the NGO @OXFAM releases a global wealth report, highlighting inequality. But the data is from @CreditSuisse Fall report, which is more startling than Oxfam analysis. The #WealthGap is enormous.
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credit-suisse.com/media/assets/cā€¦
From @CreditSuisse :
"During the 12 mos since our last report, aggregate global wealth rose by $14 trillion to $317 trillion, a growth rate of approximately 4.6%."
"The United States added 878,000 new millionaires ā€“ representing 40% of
the global [1 year] increase."
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Frm @CreditSuisse :
"3.2 billion adults or about 64% of the adult population lives w/a wealth below $10,000, which corresponds to only 1.9% of the global wealth."
"While the bottom half of adults collectively owns less than 1% of total wealth, the richest 10% owns 85% of.."
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