Global Wealth Report.

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This chart shows how much wealth in a country is in the hands of 1% of the richest citizens.

To be completely honest I thought wealth distribution to be concentrated differently. The majority likes to think that the US is the leading country when it comes to economic inequality, however, it seems not to be the case, rather contrary. Russia, Brazil, and India are leading countries in such terms, which i honestly find surprising. Perhaps, I was just " blinded" by the fact I personally see the US as the Worlds Hegemony and refused to see the macro picture.

COOL FACTS

  • $361 Trillion USD - Global wealth in 2019

  • There is around 47 million millionaires Worldwide

  • 70 849 USD - average 2019 wealth per adult in 2019

  • Approximately $459 Trillion USD should be Worlds Global wealth by 2024

So basically the world's wealth is increasing around 30% every 5 years indicating eternal economic growth, however, the presumptions around it are mostly speculative as the economy might collapse before we reach 5 years timeline. Not looking good at the moment, nobody expected Corona Party :)

FED seems to like their current practice with injecting newly created dollars into the system, providing enough liquidity to the banks, especially during holidays where consumerism reaches its highest peak.

People are literally retarded.

Look what's happening now. Deflation before inflation? It does seem likely to happen, just look at the value of USD increasing each day, how long you think it'll last?

Just imagine what will happen once the situation gets solved, people will start spending all the money they have been saving and here it comes, inflation... The economy killer, fun times ahead boyz/

Hope you find something interesting and keep the ball running


Posted via Steemleo

Global Wealth Report. | Ecency