"Global economic output has surged by nearly 67% since 2010, increasing from $66.7 trillion to over $111.3 trillion, showing robust global economic growth."
"Over 60 million people now have a net worth of at least $1 million, a steep rise from around 24.2 million in 2010, indicating wealth accumulation."
"The share of the world population living on $3 or less per day fell from 21.0% to 10.2%, signifying a substantial reduction in global poverty."
"More than 95% of all millionaires worldwide reside in only 25 countries, indicating a significant concentration of wealth in specific regions."
Global economic development has led to an increase in prosperity and financial security, with economic output rising by 67% since 2010. The population living on $3 or less daily diminished from 21.0% to 10.2%. There are now over 60 million millionaires globally, doubling in number over 15 years. However, wealth concentration is significant, with over 95% of millionaires located in just 25 countries. The Global Wealth Report underscores the disparity in wealth distribution worldwide, revealing substantial economic improvement for some regions while inequality persists.
Read at 24/7 Wall St.
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