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(David Meyer) USofA - One percent own 50 percent of wealth
29.May.2018
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David Meyer, writer for Fortune: The richest 1% now owns more than half of all the world’s household wealth, according to analysts at Credit Suisse. And they say inequality is only going to get worse over the coming years, with millennials having a particularly tough time. Essentially, millennials are more likely to be unemployed or earning less, priced out of the housing market, and unable to get a pension. Baby boomers have most of the wealth and the housing, so “millennials are doing less well than their parents at the same age.”

Read 1072 times Last modified on Wednesday, 18 March 2020 04:37
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