The 1% of the world's rich owns half of other people's wealth, the study shows
(9 years ago)A report showing the growing gap between super-pass people and other people has shown that 1% of these rich people own half the world's wealth. Each year after the 2008 crisis, the wealth of the rich has steadily increased. And now it's peaked in 2017. As growth is expected to continue [...]
A report showing the growing gap between super-pass people and other people has shown that 1% of these rich people own half the world's wealth.
Each year after the 2008 crisis, the wealth of the rich has steadily increased. And now it's peaked in 2017. As growth is expected to continue further.” says the report.
Credit Suisse has markets that the number of millionaires has increased significantly despite its fall in 2008.
3.5 billion poor people own assets of less than $10,000. Taken together, these people, who make up 70% of the working world's population, have only 2.7% of global wealth.
A total of 23 thousand and 900 new millionaires have been created since 2000, suggests this report, states Periscope.