CapitalCounselor
  • Home
  • Reviews
  • Blog
  • News
  • About Us
  • Our Team
  • Contact Us
CapitalCounselor
  • Home
  • Reviews
  • Blog
  • News
  • About Us
  • Our Team
  • Contact Us
Billionaires Cash in on Covid to Own 3% of Global Wealth

Billionaires Cash in on Covid to Own 3% of Global Wealth

  • Szabolcs Szecsei
  • December 21, 2021

While most people around the world had to face financial difficulties and hardship as a result of the ongoing COVID-19 pandemic, the wealthiest of the wealthy have seen an increase in fortune (quite literally).

Namely, the latest data from the 2022 World Inequality Report show that billionaires on the global level owned “merely” 1% of the global wealth back in 1995. However, as of 2020, this figure has increased to 3%. 

Ironically, the report also shows that the amount spiked mostly during the very first year of the pandemic. As a matter of fact, 2020 saw the most pronounced increase thus far.

Overall, the data suggests that since the mid-nineties the top 1% took around 38% of the total accumulated wealth, whereas the bottom 50% managed to accumulate merely 2%.

Additionally, the report focused on wealth inequalities sorted by different factors; economic groups were also examined according to gender.

On that end, data shows that women workers had experienced an increase when it comes to global earnings. Still, experts agree on one thing — the progress has been rather slow over the past 30 years.

Today, women make up around 35% of total global earnings, which is only a 5% increase since 1990. Conversely, the only country in the report where women’s share of the total global income dropped since the ‘90s was China; despite it being the first state to recover from the financial hardships caused by the pandemic.

0
0
0
Share
Tweet
Share
Share
Szabolcs Szecsei

With over a decade of experience in writing and two decades in making music, Szabolcs is all ears when it comes to creating written and audio content. As an active touring/recording musician and creative writer, he focuses on exploring new places, experiences, and topics. He also rediscovered his long lost love for gaming, which only fueled his appetite to research new tech trends. Lastly, his enthusiasm toward powerlifting also means that he's trying to be well-versed in other topics too, such as lifestyle, fitness, resistance training, bodybuilding, and strength sports.

Previous Article
Finance News - 38% Of Americans Who Lend Money End up Loosing It

38% Of Americans Who Lend Money End up Loosing It

  • Marina Avramovic
  • December 17, 2021
Read More
Next Article
Average Cost of a Wedding

25+ Stats on Average Wedding Cost for Budget Savvy Couples

  • Jovana Kentic
  • January 11, 2022
Read More
You May Also Like
Finance News - 74% Of People Overlook Their Monthly Subscription Fees
Read More

74% Of People Overlook Their Monthly Subscription Fees

  • June 22, 2022
Finance News - 46.5 Million Americans to Invest in Crypto for the First Time
Read More

46.5 Million Americans to Invest in Crypto for the First Time

  • June 22, 2022
Finance News - Most Americans Use Their Savings to Cope With Inflation
Read More

Most Americans Use Their Savings to Cope With Inflation

  • June 15, 2022
Finance News - Gas Prices in the US Reach $5 for the First Time Ever
Read More

Gas Prices in the US Reach $5 for the First Time Ever

  • June 15, 2022
Finance News - 58% of Drivers Believe They Pay Too Much for Car Insurance
Read More

58% of Drivers Believe They Pay Too Much for Car Insurance

  • June 8, 2022
Finance News - Over 46,000 People Are Victims of Crypto Scammers
Read More

Over 46,000 People Are Victims of Crypto Scammers

  • June 8, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

Recent Posts
  • What to Invest in During Inflation 1
    What to Invest in During Inflation: 5 Safe Investments
    • June 16, 2022
  • How to Calculate Overtime 2
    How to Calculate Overtime & Charge Your Hours Properly
    • June 16, 2022
  • July Holidays 3
    13 Fun and Unique July Holidays to Celebrate This Year
    • June 14, 2022
  • Fidelity vs Robinhood 4
    Fidelity vs Robinhood: Battle of the Investment Giants
    • June 13, 2022
  • Gas Prices Around the World 5
    Gas Prices Around the World: From the Highest to the Lowest
    • June 7, 2022
Follow Us
Facebook
Twitter
LinkedIn
CapitalCounselor
  • About
  • Our Team
  • Contact
  • Affiliate Disclosure
  • Privacy
  • Terms
©2022 CapitalCounselor.com – All Rights Reserved.

Input your search keywords and press Enter.