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Cost-of-living

Tokyo is the world's most expensive city in which to live, while Karachi is the cheapest

Luanda in Angola, Libreville in Gabon and N’Djamena in Chad are the most expensive extreme hardship locations in the world and thanks to the marketplace volatility which results from local inflation, political instability, currency fluctuations and natural disasters, Tokyo has consolidated its title as the most expensive of the recognized cities of the world in which to live.  Read More

Figure 1 - World Wealth Levels in Year 2000

December 7, 2006 A new study on The World Distribution of Household Wealth by the Helsinki-based World Institute for Development Economics Research of the United Nations University was launched earlier this week. The study shows the richest 2% of adults in the world own more than half of global household wealth. The most comprehensive study of personal wealth ever undertaken also reports that the richest 1% of adults alone owned 40% of global assets in the year 2000, and that the richest 10% of adults accounted for 85% of the world total. In contrast, the bottom half of the world adult population owned barely 1% of global wealth. The research finds that assets of US$2,200 per adult placed a household in the top half of the world wealth distribution in the year 2000. To be among the richest 10% of adults in the world required US$61,000 in assets, and more than US$500,000 was needed to belong to the richest 1%, a group which — with 37 million members worldwide — is far from an exclusive club.  Read More

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