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October 14, 2015

1% of World's Population Controls 50% of Total Global Wealth 
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A new report by Credit Suisse says the wealthiest 1 percent of the
world's population now controls 50 percent of total global wealth. This
is the most extreme concentration of wealth the bank has ever recorded.
In contrast, the report shows average household wealth has fallen 17
percent in Latin America and 12 percent in Europe, amid austerity
programs.

 

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