The Number Of Global Millionaires Keeps Rising
At the turn of the century, there were 1.7 billion people living in extreme poverty, compared with around 700 million today, a drop of around 60 percent.
(ZeroHedge) – In its latest annual report, Swiss bank UBS shows that while there has been a mixed picture in the development of global wealth inequality, the number of dollar millionaires worldwide keeps on rising and is projected to continue to do so in most countries. Out of the 56 nations in UBS’s sample, millionaire numbers are projected to increase until 2028 in 52 – sometimes substantially. Notable exceptions are the Netherlands and the United Kingdom. In the latter country, there will be a projected 17 percent – or around 500,000 – fewer millionaires in 2028 than in 2023.
As Statista’s Anna Fleck shows in the following chart, the number of U.S. dollar millionaires has risen sharply since the beginning of the 21st century.
You will find more infographics at Statista
In 2000, there were 14.7 million millionaires in the analyzed countries. In 2023, there were 58 million – a fourfold increase in twenty years (300 percent).
If we compare this figure with the fight against extreme poverty, the number of people below the global poverty line – which today stands at $2.15 a day – has declined at a much slower rate.
At the turn of the century, there were 1.7 billion people living in extreme poverty, compared with around 700 million today, a drop of around 60 percent.
The United States is home to by far the largest contingent of dollar millionaires: 22 million in 2023, representing 6.6 percent of the country’s population.
Next on this list is China with 6 million (0.4 percent of the population), while France completes the podium with 2.9 million (4.2 percent of the population). China saw millionaire numbers rise especially fast since 2000.
*********
(TLB) published this article from ZeroHedge, posted by Tyler Durden
Header featured image (edited) credit: $ over world map/org ZH article
Emphasis added by (TLB)
••••
••••
Stay tuned tuned…
••••
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
••••
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
••••
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
••••
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.
