More than two-thirds of the world’s adults in 2014 have wealth of less than $10,000, while the wealthiest 0.7 percent holds 41 percent of the world’s wealth.*
Driven by factors including the aging population, rising unemployment and skill gaps in developing countries, global income inequality rises. While household wealth grows significantly in aggregate, reaching $334 trillion by 2020, it does not result in a corresponding decline in inequality. Even so, the world’s poor have much greater access than before to goods and services previously available only to the rich and middle class.
* “World likely to have 11 trillionaires within two generations: Credit Suisse,” Market Watch, http://blogs.marketwatch.com/thetell/2013/10/09/world-likely-to-have-11-trillionaires-within-two-generations-credit-suisse/.