Have $3,650? You Are Among the World’s Wealthiest

According to a new report on global wealth by the group Credit Suisse, if you have $3,650, you are among the wealthiest half of the people on the planet. As the Telegraph notes, “This is net wealth—so, once debts have been subtracted.” Their research found that though global wealth has grown at a record pace over the last year—by 8.3%, totaling $263 trillion—most of it is in the hands of a very select few. Half of the entire population (more than 3 billion people) own less than 1% of all the global wealth. The top 1%, those who have at least $798,000, owns 48.2% of all of the planet’s money. The problem of income inequality grew worse in 23 countries in the last year alone …

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