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Richest 1% own 50 percent of world wealth- Credit Suisse report
Tuesday, October 14, 2014 14:06
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World wealth has reached a record $263 trillion but is concentrated in fewer hands. The richest 1 percent have accumulated more wealth, and own almost 50 percent of it, which could trigger recession, according to a new report by Credit Suisse.
The Credit Suisse Global Wealth Report, released Tuesday warns that the “abnormally high wealth income ratios” may spark a recession, as high disparity leads to economic friction.
Global wealth has grown to a record $263 trillion in mid-2014, $20.1 trillion more, and an 8.3 percent increase, over mid-2013. Household wealth has more than doubled since 2000, when the same report calculated it at $117 trillion …. http://rt.com/business
Source: http://luismmx.blogspot.com/2014/10/richest-1-own-50-percent-of-world.html
