The household wealth varies greatly across the Global financial spectrum depending on where you live, access to financial services & markets literacy. People living in developed countries with mature financial systems & easy access tend to have a much higher net worth than developing countries. The difference is even higher for someone living in an underdeveloped nation. Just to give you a perspective – U.S average per capita income is $60,200, China sits at $16760 while the African nation of Niger only records a mere $990. Similar to the differences in per capita income across different regions, the composition of…...
The skewed distribution of Wealth
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