Report: Top 1% Own Nearly Half The World's Wealth
- 9 years ago
Investment bank Credit Suisse has produced a new report which details the stunning—and rising—levels of wealth inequality worldwide.
Less than one percent of the world's population owns almost half of the world's wealth.
Meanwhile, nearly three-quarters of adults globally own less than $10,000 each.
According to the new report by Credit Suisse, the middle classes have suffered while the rich have gotten richer.
And, while the number of people worth over $100,000 has decreased for the first time since the financial crisis, the percent of wealth they ow
Less than one percent of the world's population owns almost half of the world's wealth.
Meanwhile, nearly three-quarters of adults globally own less than $10,000 each.
According to the new report by Credit Suisse, the middle classes have suffered while the rich have gotten richer.
And, while the number of people worth over $100,000 has decreased for the first time since the financial crisis, the percent of wealth they ow