The Boston Consulting Group recently issued a report on global wealth, Global Wealth 2013, Maintaining Momentum in a Complex World.
A few of the statistics from this report caught my attention:
- Global Wealth ended 2012 at $135.5 trillion.
- 39% of this wealth was held by 1% of all households.
- The number of millionaire households rose to 13.8 million
Let’s look at the implication of doing a bit of math on these numbers.
- The remaining 61% of wealth is $82.6 trillion
- Divided over a world population, this is an average $12,000 per person for the rest of us.
- Mean Wealth in the world is about $3600.
- Total US wealth is $43 trillion, 32% of global wealth, with less than 5% of the population.
- This divides down to an average $136K for each person in the US, but even this is concentrated at the top so most have much less.
An interesting report to me. It helps put into perspective how rich the US is when compared to the rest of the world, and within the US how wealth is concentrated among the select few. How you pondered these numbers? Were you surprised, or was it what you’d expect?