Half of world's wealth now in hands of 1% of population – report
Inequality growing globally and in the UK, which has third most ‘ultra-high net worth individuals’, household wealth study finds
A worker rides a scooter past a painted wall in central Beijing. The report found China has the largest number of middle-class adults, surpassing the US. Photograph: Mark Schiefelbein/AP
Jill Treanor-Tuesday 13 October 2015
Global inequality is growing, with half the world’s wealth now in the hands of just 1% of the population, according to a new report.
The middle classes have been squeezed at the expense of the very rich, according to research by Credit Suisse, which also finds for the first time that there are more individuals in the middle classes in China – 109m – than the 92m in the US.
