Millionaires projected to own 46 percent of global private wealth by 2019 - World Socialist Web Site
▻http://www.wsws.org/en/articles/2015/06/18/econ-j18.html
Millionaires projected to own 46 percent of global private wealth by 2019
By Gabriel Black
18 June 2015
Households with more than a million (US) dollars in private wealth are projected to own 46 percent of global private wealth in 2019 according to a new report by the Boston Consulting Group (BCG).
This large percentage, however, only includes cash, savings, money market funds and listed securities held through managed investments—collectively known as “private wealth.” It leaves out businesses, residences and luxury goods, which comprise a substantial portion of the rich’s net worth.
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