Comment & Analysis
‘Richcession’: Are the rich getting poorer?
Household wealth fell by $11.3 trillion last year, cutting the number of millionaires by 3.5 million – the first decline since the 2008 global financial crisis, a new report has shown. Measured in nominal US dollars, global wealth fell 2.4% to $454.4 trillion, while wealth per adult dropped 3.6% to…
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