According to official statistics, the World is much wealthier than it’s ever been before. The average person’s share of global real GDP was higher by 133%, or $12,500, in 2023 ($21,800) than it had been back in 1980 (at 2023 prices, $9,400).
Unfortunately (though this is seldom, if ever, mentioned), this average person’s share of the world’s aggregate debts rose by about 850%, or $46,000 – also in real terms – over that same period.