CHARTS: US Responsible for Most of Gains in Global Wealth, Despite Record Poverty Levels


The United States is the wealthiest country in the world, in terms of GDP. But which country is the richest in terms of median wealth per person? Australia. The median wealth of adults there is $219,505, according to the Credit Suisse 2013 Global Wealth Report, which was released on Wednesday. In the US, the median wealth is only $45,000, compared to an average wealth per person of more than $250,000. Here are some other chart-tastic findings from the report.

Global wealth reached an all-time high of $241 trillion, up about five percent since last year. If all the money in the world were spread out evenly, it would amount to $51,600 per person. And here is a map of what it would look like if countries’ GDP were spread out evenly among their populations.

Global inequality remains high. The richest 10 percent of people in the world hold 86 percent of the world’s wealth—with just 0.7 percent owning 41 percent of global riches. Meanwhile, the bottom half of adults own one percent of the world’s wealth, with more than two thirds of people worth less than $10,000:

Here’s what the tip top of that pyramid looks like. About 10,000 people have more than $50 million:

About half of those people live in the US:

Here is the percentage of millionaires by country:

Over the past year, the US made greater gains in wealth than any other country. Meanwhile, we have persistent record levels of poverty and stagnant wages.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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