Jack Ewing checks in on global inequality:
The United States remains by far the nation with the most wealth, with 101,762 euros ($130,764) per person in stocks, bank accounts and insurance, Allianz researchers said Tuesday. Some 39 percent of the world’s wealth belongs to Americans, while Western Europe accounts for another 31 percent.
But American dominance of the world’s financial assets is slipping. United States wealth has plunged 12 percent since 2007, as Americans’ stock portfolios lost value and people diverted assets to pay off mortgages.