Editing Distribution of wealth (section)

=== Global inequality statistics ===
[[File:Share of wealth globally.png|thumb|Share of wealth globally by year, as seen by [[Oxfam]],<ref name=":2">{{cite web |date=January 18, 2016 |title=62 people own same as half world – Oxfam &#124; Press releases &#124; Oxfam GB |url=https://www.oxfam.org/en/pressroom/pressreleases/2016-01-18/62-people-own-same-half-world-reveals-oxfam-davos-report |access-date=September 10, 2016 |website=Oxfam.org.uk}}</ref> based on the [[net worth]]<ref name="Time">{{cite news |last=Davidson |first=Jacob |date=January 21, 2015 |title=Yes, Oxfam, the Richest 1% Have Most of the Wealth. But That Means Less Than You Think |magazine=Money |url=https://money.com/oxfam-richest-1-wealth-flawed/ |url-status=live |archive-url=https://web.archive.org/web/20220427140631/https://money.com/oxfam-richest-1-wealth-flawed/ |archive-date=April 27, 2022}}</ref>]]A study by the [[World Institute for Development Economics Research]] at United Nations University reports that the richest 1% of adults alone owned 40% of global assets in the year 2000, and that the richest 10% of adults accounted for 85% of the world total. The bottom half of the world adult population owned 1% of global wealth.<ref name="un-wider">''The World Distribution of Household Wealth''.  James B. Davies, Susanna Sandstrom, Anthony Shorrocks, and Edward N. Wolff.  December 5, 2006.</ref> A 2006 study found that the richest 2% own more than half of global household [[asset]]s.<ref name="really">[https://www.theglobeandmail.com/servlet/story/RTGAM.20061205.wxrich05/BNStory/International/home The rich really do own the world] December 5, 2006</ref> The [[Pareto distribution]] gives 52.8% owned by the upper 1%.

According to the OECD in 2012 the top 0.6% of world population (consisting of adults with more than US$1 million in assets) or the 42 million richest people in the world held 39.3% of world wealth. The next 4.4% (311 million people) held 32.3% of world wealth. The bottom 95% held 28.4% of world wealth. The large gaps of the report get by the Gini index to 0.893, and are larger than gaps in global income inequality, measured in 2009 at 0.38.<ref>{{cite web |title=The World Factbook – Central Intelligence Agency |url=https://www.cia.gov/library/publications/the-world-factbook/fields/2172.html |archive-url=https://web.archive.org/web/20170716055851/https://www.cia.gov/library/publications/the-world-factbook/fields/2172.html |archive-date=July 16, 2017 |access-date=September 10, 2016 |website=Cia.gov}}</ref> For example, in 2012 the bottom 60% of the world population held the same wealth in 2012 as the people on Forbes' Richest list consisting of 1,226 richest billionaires of the world.

A 2021 [[Oxfam]] report found that collectively, the 10 richest men in the world owned more than the combined wealth of the bottom 3.1 billion people, almost half of the entire world population. Their combined wealth doubled during the pandemic.<ref>{{Cite web |date=January 19, 2022 |title=Inequality kills |url=https://www.oxfam.org/en/research/inequality-kills |access-date=April 20, 2022 |website=Oxfam International |language=en}}</ref><ref>{{Cite web |date=January 17, 2022 |title=World's 10 richest men see their wealth double during Covid pandemic |url=https://www.theguardian.com/business/2022/jan/17/world-10-richest-men-see-their-wealth-double-during-covid-pandemic |access-date=April 24, 2022 |website=the Guardian |language=en}}</ref><ref>{{Cite news |date=January 17, 2022 |title=Wealth of world's 10 richest men doubled in pandemic, Oxfam says |language=en-GB |work=BBC News |url=https://www.bbc.com/news/business-60015294 |access-date=April 24, 2022}}</ref>

‘Global wealth Report 2021’, published by Credit Suisse, shows a substantial worldwide increase in wealth inequality during 2020. According to Credit Suisse, wealth distribution pyramid in 2020 shows that the richest group of adult population (1.1%) owns 45.8% of the total wealth. When compared to the 2013 wealth distribution pyramid, an overall increase of 4.8% can be seen. The bottom half of the world’s total adult population, the bottom quartile in the pyramid, owns only 1.3% of the total wealth. Again, when compared to the 2013 wealth distribution pyramid, a decrease of 1.7% can be observed. In conclusion, this comparison shows a substantial worldwide increase in wealth inequality over these years.

One of the main explanations for the ongoing increase of wealth inequality are the repercussions of the COVID-19 pandemic. Credit Suisse claims that the economic impact of the pandemic on employment and incomes in 2020 are likely to have a negative effect for the lowest groups of wealth holders, forcing them to spend more from their savings or incur higher debt. On the other hand, top wealth groups appeared to be relatively unaffected in this negative way. Moreover, they seemed to benefit from the impact of lower interest rates on share and house prices.<ref name=":3">{{Cite web |title=Global wealth report |url=https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html |access-date=April 27, 2022 |website=Credit Suisse |language=en}}</ref><ref name="credit-suisse1">{{cite web |title=Global Wealth Report 2013 |url=https://publications.credit-suisse.com/tasks/render/file/?fileID=BCDB1364-A105-0560-1332EC9100FF5C83 |url-status=dead |archive-url=https://web.archive.org/web/20150214155424/https://publications.credit-suisse.com/tasks/render/file/?fileID=BCDB1364-A105-0560-1332EC9100FF5C83 |archive-date=February 14, 2015 |access-date=June 30, 2016 |publisher=credit-suisse.com}}</ref>

According to the ‘Global Wealth Report 2021’ published by Credit Suisse, there are 56 million millionaires in the world in 2020, increasing by 5.2 million from a year earlier. The biggest number of dollar millionaires is reported in the USA, with 22 million millionaires (approximately 39% of the world total). This is far ahead of China, holding second place, with 9.4% of all global millionaires. The third place is currently being held by Japan, with 6.6% of all global millionaires.<ref name=":3" />

====Real estate====
{{See also|Redlining}}
While sizeable numbers of households own no land, few have no income.  For example, the top 10% of land owners (all corporations) in [[Baltimore, Maryland]] own 58% of the taxable land value.  The bottom 10% of those who own any land own less than 1% of the total land value.<ref>Kromkowski, "Who owns Baltimore", CSE/HGFA, 2007.</ref> This form of analysis as well as [[Gini coefficient]] analysis has been used to support [[land value taxation]].