The Richest 1% Now Own More Than 50% of the World’s Wealth
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Aptrgangr
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The Richest 1% Now Own More Than 50% of the World’s Wealth
The Richest 1% Now Own More Than 50% of the World’s Wealth

The richest 1% now owns more than half of all the world’s household wealth, according to analysts at Credit Suisse. And they say inequality is only going to get worse over the coming years, with millennials having a particularly tough time.

The Swiss bank released its latest Global Wealth Report on Tuesday, together with a statement that contained the immortal phrase, “The outlook for the millionaire segment is more optimistic than for the bottom of the wealth pyramid.”

The research showed that there are increasing numbers of dollar millionaires. This is partly because the strength of the euro has created 620,000 more of them in Germany, France, Italy and Spain (conversely, depreciating currencies in the U.K. and Japan have seen 34,000 and over 300,000 people in those countries respectively lose the status). (...)

http://fortune.com/2017/11/14/credit-sui...nequality/

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2017 Nov 15 01:13
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