As the rich get richer - Society begins to divide

[packman]

Simply said, the last decade has seen those who hold financial assets become richer, as markets have lurched higher; meanwhile those without such assets - the vast majority of the middle class - have been increasingly left behind, however, even as wage growth remained stagnant and indebted governments have struggled to provide strong social support. As a result, a great wave of populism emerged as "issues such as wealth and income inequality have started to polarize societies much more."


Charts follow highlighting the divide , especially so in comparison to the middle class which has been suffering negative income growth- charts at site

The next chart shows in staggering fashion just how “rich” the rich are today, especially when compared to some other big numbers and markets. According to BofA estimates the wealth of the top 1% globally has surpassed $100tr now…a number greater than the sum of the big-4 central bank balance sheets, current world GDP and the cost of the ‘07/’08 global financial crisis, for instance.


https://www.zerohedge.com/news/2018-09-25/wealth-top-1-surpasses-100-trillion-more-world-gdp-and-all-central-bank-balance?ref=hvper.com&utm_source=hvper.com&utm_medium=website