United States is the richest country in the world, and it has the biggest wealth gap.

  • Date: 24-Sep-2020
  • Source: The New York Times
  • Sector:Economy
  • Country:Gulf
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United States is the richest country in the world, and it has the biggest wealth gap.

Per capital wealth in the United States grew more than 13 percent in 2019, to $245,000, according to a new report.Credit...Kevin Hagen/Associated PressBy Jack EwingThe United States led the world in growth of financial assets last year thanks to tax cuts and booming stock markets, but its distribution of wealth was more unequal than in any other country, according to a study published Wednesday.An annual tally by the German insurer Allianz of the world's stocks, bonds, cash and other assets, and who owns them, also found that poor countries are no longer catching up with wealthier countries, reversing a trend. For the first time since 2000, there was a decline in the number of people worldwide considered middle class, as measured by their financial holdings.And the world's super rich are