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Most human beings don't have any wealth - or it's negative!


Global median net wealth is about $2200. Most human beings have positive, not negative, wealth, even if not an awful lot of it.

For global wealth info, go to https://www.credit-suisse.com/us/en/about-us/research/resear... where you'll find a nicely presented Report and a Databook with more numbers in it.

The Databook has a table (Table 2-4) giving estimated median wealth per adult for all the world's countries (or something like all; I haven't checked). Many of the figures are small, but not one is negative. I'm fairly sure these figures are net of debt, but it's not 100% clear. So, just in case, compare those figures with the ones in the previous column, listing debt per adult; the only countries where the debt figure exceeds the wealth figures are (unless I missed some) Brazil, Cyprus, Denmark, Germany (!), Malaysia, Maldives, Sweden, the US.

(I believe from other sources that US median net wealth is comfortably positive, which is one reason why I am pretty sure the figures in the "median wealth" column of Table 2-4 are net of debt.)


Half of all adults own < USD $2,200. The bottom 20% (something like 1 billion adults today) own < USD $248. Inequality is increasing - the top 1% own almost 51% of global assets.

These statistics show that most humans have very little accumulated wealth to control, and very few humans have a lot of the total global wealth.


I agree with all of that. But nikolay claimed that most people have zero or negative wealth, and that isn't correct.


Human capital is wealth. Indeed, it's some of the most valuable stuff around, though notoriously illiquid.


True, but I don't think that's what they mean here.

Talking about wealth to the poor is like talking about intelligence to the idiots... I think Coinbase are too full of themselves!




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