Global wealth report

About the report:

• Global wealth report is a report published by the Credit Suisse Research Institute.
• It is the most comprehensive and up-to-date source of information on global household wealth.
• As per the 2020 report, the pandemic has led to a decline in individual wealth globally, but it has increased in China and India.
• U.S.A has the most people in the top 1% wealth group and 39% of the world's millionaires.
• Overall, the world's 500 richest people have added $970 billion to their combined wealth this year,
• The top 1% of the world, with more than $1 million each, hold 43% of global wealth, the report concludes.
• Female workers, millennials and minorities were hit the most by the pandemic, mainly because of their high representation in businesses such as restaurants, hotels and retail that have been badly affected.

PRELIMS QUESTION

Global wealth report is published by:
(a)The Horizon Kinetics ISE
(b)Credit Suisse
(c)Yale university
(d)Oxfam

Answer to prelims question