Depends on your geographic location and which part of the world you were born in.
If you were born in a first world country, then you are the top lucky 13% of the global population that owns about 86% of the global wealth … a different story if you are the middle 35% of the population who own about 13% of global wealth … and really unlucky and might as well live in the middle ages if you are the bottom 52% of the population who all collectively own about 1% of the global wealth.
Existence is still much better than it was in the pre-modern period for just about everyone who isn’t living an ultra-traditional lifestyle somewhere so far from the national government’s focus that the government may as well not exist for them. And that isn’t a very large number of people, considering the massive improvement in living standards that even most modern subsistence farmers benefit from.
“Things are bad now and it should not be this way” does not preclude “things were worse before”.
Furthermore, from your own source:
Interestingly, the lowest segment of wealth has shrunk considerably since 2000. Between 2000 and 2022, it fell from 80.7% to 52.5% of the global population, and is projected to keep decreasing. Despite this, the total share of wealth controlled by this rung is just 1.2% of the global total.
Now still needs work, but it’s better than the past.
Depends on your geographic location and which part of the world you were born in.
If you were born in a first world country, then you are the top lucky 13% of the global population that owns about 86% of the global wealth … a different story if you are the middle 35% of the population who own about 13% of global wealth … and really unlucky and might as well live in the middle ages if you are the bottom 52% of the population who all collectively own about 1% of the global wealth.
https://www.visualcapitalist.com/global-wealth-distribution/
Existence is still much better than it was in the pre-modern period for just about everyone who isn’t living an ultra-traditional lifestyle somewhere so far from the national government’s focus that the government may as well not exist for them. And that isn’t a very large number of people, considering the massive improvement in living standards that even most modern subsistence farmers benefit from.
“Things are bad now and it should not be this way” does not preclude “things were worse before”.
Furthermore, from your own source: