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Tim Harford

“wonderfully clarifying. Looking at the Global Wealth Report from Credit Suisse, the source of Oxfam’s claims, we can play with some of those numbers to shed more light on the topic.[*] Forty-two million people have more than a million dollars each, collectively owning about $142 trillion. A few of them are billionaires, but most are not. If you have a nice house with no mortgage in a place such as London, New York, or Tokyo, that might easily be enough to put you in this group. So would the right to a good private pension.[*] [19] Nearly 1 percent of the world’s adult population are in this group.”

Tim Harford, The Data Detective: Ten Easy Rules to Make Sense of Statistics
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The Data Detective: Ten Easy Rules to Make Sense of Statistics The Data Detective: Ten Easy Rules to Make Sense of Statistics by Tim Harford
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