The richest control 88 percent of all wealth. Where does that leave everyone else?

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The world’s richest 1 percent now control 50 percent of the world’s wealth. The wealthy also control almost all of the wealth created via financial markets which have benefitted from record prices for stocks in the U.S. The wealthiest 10 percent in the world control 88 percent of total wealth while the top 5 percent control more than 76 percent. That is according to a new report from Credit Suisse (NYSE: CS) and its 2017 Global Wealth Report. Record highs for U.S. stocks have helped spur...

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