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Half of world's wealth - in hands of 1% of people

15.11.2017 р., 15:00

The combined welfare index of the world's population from mid-2016 to mid-2017 increased by 6.4% to $ 280 trillion, according to a report from the Swiss credit bank's "Credit Suisse", the Global Wealth Report.

"The growth rates were the highest over the past 5 years due to rising real estate value and stock quotes. As welfare increased faster than population growth, the indicator per person reached a record $ 56.54 thousand compared to $ 52,074 thousand last year ", the report says.

1% of the most wealthy people now have half the world's wealth. Their share increased to 50.1% versus 42.5% at the height of the 2008 financial crisis. Global inequality is, of course, high and has increased in the post-crisis period, according to a bank statement.

Half of world's wealth - in hands  of 1% of people