The gross economic inequality in America gets quite a bit of attention, at least from the non-rich. But when you look at the distribution of wealth in the entire world, the picture gets even more shocking.
-Average global wealth is $51,600 per adult (not per person).
-In Africa, the poorest continent, average wealth is $4,929 per adult. In North America, the wealthiest continent, average wealth is $296,004 per adult.
-North America and Europe each have about 1/3 of the world's total wealth. The rest of the world combined has the remaining 1/3.
-Having just $4,000 in wealth places you in the top half of the world's wealthy. It takes $75,000 to be in the top 10%, and $753,000 to be in the top 1%.
-The top 10% of the world's wealthy people own 86% of the world's wealth.
-The entire bottom half of the world's population by wealth owns only 1% of total global wealth.
That is appalling.
(And no, this data should not be interpreted to mean that poor people in wealthy countries should "consider themselves lucky.")