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This Simple Chart Reveals the Distribution Of Global Wealth

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Visualizing Global Wealth Distribution

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The Global Wealth Distribution in One Chart

The pandemic resulted in global wealth taking a significant dip in the first part of 2020. By the end of March, global household wealth had already declined by around 4.4%.

Interestingly, after much monetary and fiscal stimulus from governments around the world, global household wealth was more than able to recover, finishing up the year at $418.3 trillion, a 7.4% gain from the previous year.

Using data from Credit Suisse, this graphic looks at how global wealth is distributed among the adult population.

How is Global Wealth Distributed?

While individuals worth more than $1 million constitute just 1.1% of the world’s population, they hold 45.8% of global wealth.

Wealth RangeWealthGlobal Share (%)Adult Population
Over $1M$191.6 trillion45.8%Held by 1.1%
$100k-$1M$163.9 trillion39.1%Held by 11.1%
$10k-$100k$57.3 trillion13.7%Held by 32.8%
Less than $10k$5.5 trillion1.3%Held by 55.0%
Total$418.3 trillion100.0%Held by 100.0%

On the other end of the spectrum, 55% of the population owns only 1.3% of global wealth.

And between these two extreme wealth distribution cases, the rest of the world’s population has a combined 52.8% of the wealth.

Global Wealth Distribution by Region

While wealth inequality is especially evident within the wealth ranges mentioned above, these differences can also be seen on a more regional basis between countries.

In 2020, total wealth rose by $12.4 trillion in North America and $9.2 trillion in Europe. These two regions accounted for the bulk of the wealth gains, with China adding another $4.2 trillion and the Asia-Pacific region (excluding China and India) another $4.7 trillion.

Here is a breakdown of global wealth distribution by region:

RegionTotal Wealth
(US$B)
Change in Total Wealth
(US$B)
Change %Wealth Per Adult
(US$)
Change %
North America136,31612,37010.0486,9309.1
Europe103,2139,1799.8174,8369.8
Asia-Pacific75,2774,6946.760,7905.0
China74,8844,2466.067,7715.4
India12,833-594-4.414,252-6.1
Latin America10,872-1,215-10.124,301-11.4
Africa4,946360.77,371-2.1
World418,34228,7167.479,9526.0

India and Latin America both recorded losses in 2020.

Total wealth fell in India by $594 billion, or 4.4%. Meanwhile, Latin America appears to have been the worst-performing region, with total wealth dropping by 11.4% or $1.2 trillion.

Post-COVID Global Outlook 2020-2025

Despite the burden of COVID-19 on the global economy, the world can expect robust GDP growth in the coming years, especially in 2021. The latest estimates by the International Monetary Fund in April 2021 suggest that global GDP in 2021 will total $100.1 trillion in nominal terms, up by 4.1% compared to last year.

The link in normal times between GDP growth and household wealth growth, combined with the expected rapid return of economic activity to its pre-pandemic levels, suggests that global wealth could grow again at a fast pace. According to Credit Suisse estimates, global wealth may rise by 39% over the next five years.

Low and middle-income countries will also play an essential role in the coming year. They are responsible for 42% of the growth, even though they account for just 33% of current wealth.

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Politics

How Do Democrats and Republicans Feel About Certain U.S. Industries?

A survey looked at U.S. industry favorability across political lines, showing where Democrats and Republicans are divided over the economy.

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A cropped chart with the percentage of Democrats and Republicans that found specific U.S. industries "favorable."

Industry Favorability, by Political Party

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Much and more has been written, in the last decade particularly, about the U.S. political sphere becoming increasingly polarized. The two main parties—Democrats and Republicans—have clashed over how to run the economy, as well as on key social issues.

Perhaps unsurprisingly then, Democrat and Republican voters are also divided on various U.S. industries, per a YouGov poll conducted in 2022.

Between November 7-9th of that year, the market research firm polled 1,000 adult Americans, (sampled to represent prevailing demographic, racial, and political-party-affiliation trends in the country) on their opinions on 39 industries. They asked:

“Generally speaking, do you have a favorable or unfavorable opinion of the following industry?” — YouGov Poll.

In this chart we visualize the percentage with a favorable view of an industry minus those with unfavorable view, categorized by current voter status.

A higher percentage means more Democrats or Republicans rated the industry as favorable, and vice-versa. Negative percentages mean more respondents responded unfavorably.

Democrats vs. Republicans on Industry Favorability

From a glance, it’s immediately noticeable that quite a few industries have divided Democrats and Republics quite severely.

For example, of the sampled Democrats, a net 45%, found Higher Education “favorable.” This is compared to 0% on the Republican side, which means an equal number found the industry favorable and unfavorable.

Here’s the full list of net favorable responses from Democrats and Republicans per industry.

IndustryDemocrat Net
Favorability
Republican Net
Favorability
Agriculture44%55%
Trucking27%55%
Restaurant53%54%
Manufacturing27%53%
Construction23%49%
Dairy45%46%
Higher education45%0%
Technology44%36%
Food manufacturing15%37%
Transportation27%37%
Railroad37%35%
Mining-3%36%
Automotive19%36%
Grocery35%22%
Hotels30%35%
Textiles24%34%
Entertainment34%-17%
Shipping24%33%
Retail31%31%
Book publishing30%29%
Alcohol23%16%
Television22%3%
Waste management15%22%
Education services21%-16%
Wireless carriers19%19%
Broadcasting17%-30%
News media17%-57%
Airlines11%3%
Oil and gas-28%7%
Real-estate-2%6%
Utilities2%6%
Health care3%4%
Fashion4%-6%
Cable-12%3%
Finance2%-2%
Professional sports1%-2%
Insurance-12%-14%
Pharmaceutical-18%-14%
Tobacco-44%-27%

The other few immediately noticeable disparities in favorability include:

  • Mining and Oil and Gas, (more Republicans in favor),
  • Entertainment, Education Services, and News Media (more Democrats in favor).

Tellingly, the larger social and political concerns at play are influencing Democrat and Republican opinions about these parts of the economy.

For example Pew Research pointed out Republicans are dissatisfied with universities for a number of reasons: worries about constraints on free speech, campus “culture wars,” and professors bringing their politics into the classroom.

In contrast, Democrats’ criticisms of higher education revolved around tuition costs and the quality of education offered.

On a more recent note, Citadel CEO Ken Griffin, a big Harvard donor, pulled funding after criticizing universities for educating “whiny snowflakes.” In October, donors to the University of Pennsylvania withdrew their support, upset with the university’s response to the October 7th attacks and subsequent war in Gaza.

Meanwhile, the reasons for differences over media favorability are more obvious. Commentators say being “anti-media” is now part of the larger Republican leadership identity, and in turn, is trickling down to their voters. Pew Research also found that Republicans are less likely to trust the news if it comes from a “mainstream” source.

But these are industries that are already adjacent to the larger political sphere. What about the others?

U.S. Politics and the Climate Crisis

The disparity over how the Oil & Gas and Mining industries are viewed is a reflection, again, of American politics and the partisan divide around the climate crisis and whether there’s a noticeable impact from human activity.

Both industries contribute heavily to carbon emissions, and Democrat lawmakers have previously urged the Biden transition to start planning for the end of fossil-fuel reliance.

Meanwhile, former President Trump, for example, has previously called global warming “a hoax” but later reversed course, clarifying that he didn’t know if it was “man-made.”

When removing the climate context, and related environmental degradation, both industries usually pay high wages and produce materials critical to many other parts of the economy, including the strategic metals needed for the energy transition.

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MSCI Climate Metrics Paper - A simple toolkit for climate investing

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