How Our 1% Compares August 25, 2012Posted by tkcollier in Economy & Business, Geopolitics.
Tags: 1%, China, Economy & Business, United States
It’s right out of 1880s America:
In China, less than 1% of households control more than 70% of private financial wealth.
In the US today, we’re talking somewhere between 40 and 45 percent.
Globally, says, John Bussey in the WSJ, the number is “nearly 40%,” so America’s not much off the norm.