Saturday, December 09, 2006

I am Truly Astounded by this ...

A new study conducted by the Helsinki-based World Institute for Development Economics Research, finds that assets worth 2200 dollars, per adult, placed a household in the top half of the world wealth distribution in the year 2000. To be among the richest 10 percent of adults in the world required 61,000 dollars in assets, and more than 500,000 dollars was needed to belong to the richest 1 percent of people in the WORLD.

The study, which has been described as path breaking and comprehensive, found that the richest 1 percent of the world’s population alone owned 40 percent of global assets in the year 2000, and that the richest 10 percent accounted for 85 percent of the world total wealth.

In contrast, the bottom half of the world adult population owned barely 1 percent of global wealth.

The term ‘wealth’ signified the net worth of assets possessed by an adult. The term is used in its long-established sense of net worth: the value of physical and financial assets less debts.

As the scriptures clearly state, "to whom much is given, much is required." And, in another place, "it is more blessed to give than to receive." In this season of giving, let us be certain to focus on the many people who are in great need.

JESUS, is the reason for the season.

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