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UK the global wealth laggard as millionaire numbers plummet

News Team, 26/10/2020

The pandemic has resulted in 500,000 fewer millionaires in the UK, Credit Suisse’s 2020 global wealth report indicates.

From a worldwide point of view, the researchers said it was surprising the limited extent to which the pandemic had affected individual fortunes, with one exception among the major economies – the UK, where average wealth was estimated to have fallen 6.5 percent between January and June 2020.

By comparison, US wealth per adult had fallen just...


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