I just realised that we should also keep in mind that the time-frame of this study is several decades, so we are talking about about an average through the decades.
I like better your take than the one in the video.
I'm afraid you are right. I fell into a rabbit hole yesterday trying to find were the claim of this article came from. I looked into the study itself, and didn't manage to find how they defined the 10%. If I missed it, please point it out to me.
I copy-paste bellow a comment of mine on this, from another community:
The closest thing I managed to find was saying that 16.3% of adults worldwide have wealth of 100k to 1m, in 2023 [source: Global Wealth Report 2024 by UBS, see The global wealth pyramid at p23] but this is not what the article says.
Somebody suggested the World Inequality Database but on this topic, the results come by country and/or stats.
If anyone has a decent link to share on this topic, please do.
I totally tried and then decided to ask here.
The closest thing I managed to find was saying that 16.3% of adults worldwide have wealth of 100k to 1m, in 2023 [source: Global Wealth Report 2024 by UBS, see The global wealth pyramid at p23] but this is not what the article says.
Somebody suggested the World Inequality Database but on this topic, the results come by country and/or stats.
Thank you very much but it looks like they don't have what I am looking for. I followed several path in More Indicators and Other Indicators but everything that comes out is by country and/or percentages and at my most hopeful moment I got:
This indicator has no data for this selection. Please select another one.
Anyways, thanks again!
I know that in the article they mentions €42,980 and I appreciate carbon brief. Still, I tried to find in the study itself how they calculated it, but somehow I didn't manage to. This is why I asked for another link.
Do you have a decent link to corroborate that?
I don't think so. I have the impression that the introduction part was talking in general, mainly because it says The amount varies by location and local wage trends, and then it talks about the US, specifically.
Appart from that, in page 23 of the Global Wealth Report 2024 by UBS in The global weath pyramyd 2023 it also says saomething similar, that 16.3% of adults have wealth in USD of 100k to 1m.
Did I get something wrong?
Edit: At the bottom of the investopedia article, they have the sources and since they only have references about the US, I believe I can safely say that I my assumption that the intro was talking about the entire world was wrong.
The calculations in the site you linked is more of a creative accounting approach for feel good purposes. Nothing serious there imo.
Let's not forget an important factor: within the span of 30 years.
I spent too many hours yesterday trying to find the relevant info without taking this into consideration.