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Monday, January 19, 2015

Getting by

Oxfam have produced a report stating that the richest 1% of the World's population will have more wealth the other 99% by some time next year.

This sounds incredible - and you start to think of the extravagant lifestyles of the Oil-rich Arabs, the Russian Oligarchs, the Landed Gentry, the Software Billionaires, the talentless Celebrities, the great Sporting Legends... but you should read on.

If you have assets in excess of £526,000 - then you are in that 1%. So, if you own a decent house and have paid off your mortgage in or around London, or in the more affluent parts of many of our cities or regions - then you are probably part of the 1%.

Makes you think!

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