2009-05-22

some interesting statistics on wealth

Just picked up a new book and found this in the intro. This brings me up to 5 books I'm currently reading. I should start prioritizing because I've barely started all 5. The book was printed in 2006.

-The assets of the world's top three billionaires are greater than those of the poorest 600 million people on the planet.
-Globally, there are seventy thousand people who possess more than $30 million in financial assets. Half of the world's 587 billionaires are Americans, whose wealth increased collectively by $500 billion in 2003 alone. They posses the same amount of wealth as the combined gross domestic product of the world's poorest 170 countries combined.
-More than a third of the world's people, 2.8 billion, live on less than two dollars a day.
-1.2 billion people live on less than one dollar a day.

And some stats for the U.S.
-The average compensation in 2004 for the CEOs of the top 367 U.S. companies was $11.8 million, up from $8.1 million in 2003. On average, CEOs in 2004 made 431 times what a production worker made, up from a 107:1 ratio in 1990 and a 42:1 ratio in 1982.
-CEO pay has increased by 300 percent over the last fifteen years, whereas wages have increased in the same period by only 5 percent (and minimum wage workers have seen their pay fall by 6 percent). If wages had kept up with the percentage increase in CEO pay, in 2004 the average pay for production workers would have been $110,136, instead of $27,460.
-The top 20 perfect of American households control 83 percent of the nation's wealth, while the bottom 80 percent of Americans control only about 17 percent of the nation's wealth.
-A total of 34.6 million Americans in 2002, 12.1 percent of the population, lived below the official poverty line, and 8.5 million of them had jobs. Overall, black poverty is double that of whites.

3 comments:

Max said...

But who are happiest and most satisfied with their lives?

That's real wealth!

Max said...

But who are happiest and most satisfied with their lives?

That's real wealth!

Anonymous said...

Yeah really, clearly it's the bums that have to fight over fish skeletons they find in the refuse bin. They're the real kings of the world, not those wall street fat cats, with their billions of dollars, private jets, lesbian whores, and get-out-of-jail-free cards. Those guys are really dead on the inside.