The Covid-19 pandemic saw an enormous growth in wealth disparity worldwide in 2020, the Credit Suisse Research Institute says. It reported a 5.2 million increase in the number of millionaires, to a total of 56.1 million people. “The repercussions of the Covid-19 pandemic led to widespread rises in wealth inequality in 2020,” the annual Credit Suisse Global Wealth Report states, claiming that the rich reportedly cashed in on surging stocks. The number of millionaires increased to 56.1 million people, who are reportedly holding 45.8% of the world’s wealth – with 1.7 million of them residing in the US. Also on
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