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simeconomicssociety
- Jan 27, 2018
- 5 min
The Growing “Economic” Divide
The Growing “Economic” Divide
by Nick Lee According to Forbes, the combined net worth of all billionaires in 2017 is $7.67 trillion.[1] This is more than a two-fold increase as compared to a decade ago.[2] In addition, the wealthiest 1 per cent of the world population now own 50.1 per cent of all household wealth globally[3], as compared to 45.5 per cent back in 2000. Outlook for the less affluent however remains bleak. According to a report by Credit Suisse, the number of
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