Who did the study on global assets?
the World Institute for Development Economics Research
What did the study show?
that the richest 1% of adults alone owned 40% of global assets in the year 2000
Does their wealth continue to grow?
yes
Do they expect to own half of the wealth by 2016?
yes
Could that cause any economic problems?
yes
Do you know what problems it could create?
yes, a recession
Has the method been questioned?
yes
On what basis?
because they're using net wealth
What is that?
(adding up assets and subtracting debts)
Does a regions debt contribute to the the results?
yes
What does Shorrocks say about the data?
that the criticism about debt is silly and a non-issue
Where are the most poor people located?
the report says they're in the United States
Anywhere else?
and Western Europe
Why?
due to a greater tendancy to take on debts