Editing Distribution of wealth (section)

=== Wealth distribution pyramid ===
[[File:Distribution of wealth globally.jpg|thumb|Pyramid of global wealth distribution in 2013<ref name="credit-suisse1" />]]
In 2013, [[Credit Suisse]] prepared a ''wealth pyramid'' [[infographic]] (shown right). Personal assets were calculated in [[net worth]], meaning wealth would be negated by having any mortgages.<ref name="Time" /> It has a large base of low wealth holders, alongside upper tiers occupied by progressively fewer people. In 2013 Credit-suisse estimate that 3.2 billion individuals – more than two thirds of adults in the world – have wealth below US$10,000. A further one billion (adult population) fall within the 10,000 – US$100,000 range. While the average wealth holding is modest in the base and middle segments of the pyramid, their total wealth amounts to US$40 trillion, underlining the potential for novel consumer products and innovative financial services targeted
at this often neglected segment.<ref name="credit-suisse1" />

The pyramid shows that:
* half of the world's net wealth belongs to the top 1%,
* top 10% of adults hold 85%, while the bottom 90% hold the remaining 15% of the world's total wealth,
* top 30% of adults hold 97% of the total wealth.

==== Wealth distribution pyramid in 2020 ====
In 2020, [[Credit Suisse]] created an updated wealth pyramid infographic. The infographic was constructed similarly to the pyramid in 2013, thus personal assets were calculated in net worth. In 2020, Credit Suisse estimated that approximately 2.88 billion people (55% of adult population) have wealth below US$10,000. Further, 1.7 billion individuals (38.2% of adult population) have wealth within the range of 10,000 – US$100,000. To continue, 583 million people have wealth within the range of 100,000 – US$1,000,000 and approximately 56 million people (1.1% of adult population) have wealth over US$1,000,000.<ref name=":3" />

==== Comparison of 2013 and 2020 pyramids ====
Vast differences between 2013 and 2020 infographic can be observed. For the first time, more than 1% of all global adults have wealth over US$1,000,000. Credit Suisse explains in the ‘Global Wealth Report 2021’, that this increase reflects the economic disruption caused by the pandemic and disconnect between the improvement in the financial and real assets of households. However, the biggest difference can be seen in the 10,000 – US$100,000 segment. Since 2013, there had been an increase of almost 10% of total adult population. According to Credit Suisse, the number of adults in this segment tripled since 2000. Credit Suisse explains this fact by stating that this increase was a result of growing prosperity of emerging economies, especially China, and the expansion of the middle class in the developing world. The upper-middle segment, with wealth in a range of 100,000 – US$1,000,000 has increased by 3.4%. Credit Suisse in the report states that the middle class in developed countries typically belong to this group.<ref name=":3" />