Wealth distribution in the U.S. has been a hot topic lately, leading many to express concerns that the system is somehow inherently unfair or unjust. Credit Suisse published an interesting chart this morning showing a breakdown of how the world’s wealth is distributed as a reminder of why people might be upset.
At the top the global wealth pyramid, there are 32 million people, roughly 0.7% of the world population, who are worth more than $1 million USD and control $98.7 trillion, or 41.0% of global wealth.
In contrast, the bottom 3.2 billion people, which is 68.7% of the population, have less than $10,000 and control only $7.3 trillion, or 3.0% of the wealth.
Voss Capital is betting on a housing market boom
The Voss Value Fund was up 4.09% net for the second quarter, while the Voss Value Offshore Fund was up 3.93%. The Russell 2000 returned 25.42%, the Russell 2000 Value returned 18.24%, and the S&P 500 gained 20.54%. In July, the funds did much better with a return of 15.25% for the Voss Value Fund Read More
Via: Floating Path