The top 1% have the wealth of the bottom 50%

  oresome 19:45 18 Jan 2016
Locked

A not altogether surprising statistic from Oxfam.

Perhaps more surprising is that many people in the UK who probably do not consider themselves wealthy are in the global top 1%.

The threshold for the 1% is just over £530,000 in total assets and many particularly in London will have property values and pension assets that take them over this threshold.

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click here

  Quickbeam 20:44 18 Jan 2016

Don't look at me in that tone! I'm not one of the 1%...

  RV510 21:17 18 Jan 2016

It's not what you have in assets that is important, it's what cash you earn annually that matters, if you have to realise value in your assets to supplement your income you are on a downward slide which you will not recover from and well on the way to poverty.

  Brumas 23:20 18 Jan 2016

It may be an old truisim but the rich get richer and the poor get poorer, have I an answer for it? No, if only!!

  lotvic 00:12 19 Jan 2016

Trapped in the ARCP category (Asset rich, Cash poor)

  morddwyd 08:07 19 Jan 2016

The report I read said the top 99% not the top 50

  lotvic 11:49 19 Jan 2016

morddwyd should have gone to SpecSavers?

  Runabout 11:57 19 Jan 2016

morddwyd

I think that I have read the same report as you - is this the one? click here enough both this and oresome's link seem to be claiming to use the same source.

Strangely

  Runabout 11:59 19 Jan 2016

Whoops forgot to put extra blanks in and the word strangely should start the last sentence.

  Strawballs 23:55 21 Jan 2016

It will only get worse with present government!

  wee eddie 00:28 22 Jan 2016

Without the rich, there would be no Ferrari, few luxury hotels, resorts and golf courses. Millions of people would be out of work and we would have nothing to aspire to.

The only sin a rich man can really commit is NOT spending his money.

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