Property News · October 13, 2015

Half of world's wealth now in hands of 1% of population – report


Inequality growing globally and in the UK, which has third most ‘ultra-high net worth individuals’, household wealth study findsGlobal inequality is growing, with half the world’s wealth now in the hands of just 1% of the population, according to a new report.The middle classes have been squeezed at the expense of the very rich, according to research by Credit Suisse, which also finds that for the first time, there are more individuals in the middle classes in China – 109m – than the 92m in the US. Continue reading…

Source : theguardian.com
Read more…Half of world’s wealth now in hands of 1% of population – report

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