Inequality
These 6 Charts Show How the World is Improving
View a high resolution version of this graphic
These 6 Charts Show How the World is Improving
View the high resolution version of today’s graphic by clicking here.
It only takes a few minutes of cable news to get the feeling that the world is heading into a tailspin.
Endless images of homicide investigations, natural disasters, car crashes, and drug busts fill the airwaves on a daily basis. It’s upsetting – but also certainly captivating for the average viewer.
In fact, the news cycle thrives on fear and violence, so mainstream networks find a way to fill up 99% of programming with these singular events. It’s addicting and sometimes anger-inducing, but is it representative of what’s really going on in the world?
Good News Happens Slowly
Today’s infographic comes to us from economist Max Roser of Our World in Data, and it highlights six megatrends that show that in many important ways, our world is improving drastically.
The one commonality of these six indicators? They all happen slowly and incrementally, but are more evident with a long-term perspective.
Each family lifted out of poverty, each classroom that gets built, and each village gaining access to basic vaccinations may not seem significant on a scale of billions of people – but over decades, these gains add up to create a richer, more educated, and healthier world and a very powerful statistical story.
Six Global Trends
Here are the six big picture trends pointed out by Roser, using data collected over hundreds of years:
1. Extreme Poverty
The portion of people in extreme poverty – making less than $1.90 per day – has dropped like a rock over the years. Back in 1940, about 75% of the world was in extreme poverty – today, that number is just 10%.
The most potent recent example of this is China, where access to free markets have enabled 700 million people to be lifted out of poverty in just over 20 years.
It’s also worth mentioning that statistics for this category are done using inflation-adjusted international dollars, which take into account inflation over time as well as exchange rates. Non-monetary forms of income are also included in the calculations.
2. Basic Education
In 1820, only a privileged few were able to get basic schooling. Since then, millions of classrooms and schools have been added around the globe, and the numbers are staggering. In relative terms, we’ve gone from 17% of people having a basic education to 86% today.
Here’s a more detailed breakdown of this, also from Our World in Data:
3. Literacy
Following a similar trend line as basic education, literacy has risen from 12% to 85% over roughly two hundred years. In absolute terms, these numbers are even more impressive. In the 1820s, there were only about 100 million people that could read that were 15 years or older. Today, the number stands at 4.6 billion.
4. Democracy
While the world has been having some short-term setbacks when it comes to freedom and democracy, the overall trend line is still impressive over the long run.
In 1900, only 1 in 100 people worldwide lived in a democracy – and today, the majority (56 in 100) can say they live in a country with free and fair elections.
5. Vaccination
Vaccinations for diseases like whopping cough, tetanus, and diphtheria were unavailable for most of the 200 year chart. However, today around 86% of people globally are vaccinated against these basic and devastating illnesses.
6. Child Mortality
Even as far back as 1920, it used to be that over 30% of infants would die before they hit their 5th birthday.
Since then, developments in housing, sanitation, science, and medicine have made it so that death is a much rarer occurrence for the youngest people in our society. Today, on a global basis, child mortality has been reduced to 4%.
Inequality
Visualizing the World’s Growing Millionaire Population (2012-2022)
The world’s millionaire population has more than doubled in the last decade between 2012 and 2022. We visualize these numbers here.

Visualizing the World’s Growing Millionaire Population
Reaping the rewards of tech revolutions, market booms, and more, the last decade has seen a remarkable increase in the global number of millionaires.
In 2022, 1.1% of all of the world’s adults were millionaires, up from 0.6% in 2012.
In today’s visualization, we dive into the world’s growing millionaire population using data from this year’s Global Wealth Report by Credit Suisse.
The Global Millionaire Population, Then and Now
In 2022, total millionaire wealth stood at $208.3 trillion, accounting for 45.8% of global wealth. That represents a 138% increase from 2011, when millionaires held $87.5 trillion in wealth.
While the rise can be attributed to a number of factors, financial assets have accounted for most of the increase in total wealth since the 2008 Financial Crisis, according to Credit Suisse.
Here’s a look at the explosive growth in the number of millionaires from 2012 to 2022:
Wealth range | Number of adults (2012) | Number of adults (2022) |
---|---|---|
$1-5M | 25.6 million | 51.5 million |
$5-10M | 1.9 million | 5.1 million |
>$10M | 1.0 million | 2.8 million |
At the very apex of these pyramids, the number of ultra-high-net-worth individuals (all holding $50 million or more in wealth) has nearly tripled over the last decade.
Where are the world’s millionaires mostly found?
- 42%: North America
- 27%: Europe
- 16%: Asia-Pacific (ex. China and India)
- 10%: China
- 5%: Rest of the World
In total, the world’s millionaire population amounted to 59.4 million adults in 2022.
Despite inflation, interest rates, and current market conditions hampering wealth creation for many in 2022 and 2023, Credit Suisse forecasts that the number of millionaires will still grow to 86 million by 2027, a 45% increase from 2022.
The Outlook for Wealth Inequality
Although wealth inequality fell slightly in 2022, a significant chunk of overall global wealth still belongs to the wealthiest parts of the population.
In stark contrast to millionaires, 52.5% of the world’s adults had less than $10,000 in wealth, and combined for just 1.2% of global wealth.
From a big picture perspective, however, worldwide wealth inequality has trended downward over the last two decades. That is, before the 2020–2021 period when the wealth gap was exacerbated due to the pandemic and the subsequent boom in share and house prices.
Looking ahead to 2027, Credit Suisse forecasts that the share of adults with less than $10,000 in wealth will fall, with more adults moving into the middle and upper income levels. It’ll be interesting to see if global wealth inequality continues its long-term downward trajectory.
Where does this data come from?
Source: Credit Suisse Global Wealth Report (2022 and 2012 versions)
-
Markets3 weeks ago
The 25 Best Stocks by Shareholder Wealth Creation (1926-2022)
-
Business7 days ago
Ranked: The 20 Best Franchises to Open in the U.S.
-
Money3 weeks ago
How Much Does it Take to Be Wealthy in America?
-
Markets6 days ago
Ranked: The Highest Paid CEOs in the S&P 500
-
Business2 weeks ago
Visualizing the Number of Costco Stores, by Country
-
Markets5 days ago
Charted: Market Volatility at its Lowest Point Since 2020
-
Culture2 weeks ago
Ranked: Which Countries Drink the Most Beer?
-
Wealth5 days ago
Mapped: The Migration of the World’s Millionaires in 2023