Global private wealth increased by 5.2% among the richest people. Most of the growth came from China and India. The US and Africa had the lowest increases. There was no information about whether the poorest also saw an increase but;
“By 2020, millionaire households are expected to account for a 52% share of global wealth, up from 47% in 2015.” – The Guardian
As wealth and wealth inequality increase, our economy becomes more exposed to systemic instabilities that are inevitably unsustainable. If nothing is done to adjust the imbalance, the system will fail – we just don’t know when, how, and how to recover. The rises would have been higher, but the dip in oil prices decreased the gain of many portfolios. The rate of wealth increase is expected to increase as oil and other commodity prices increase.
(Click on the chart for the link.)
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