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In the depth of a recession the rich got richer
Tuesday, June 22nd, 2010
Jun. 22, 2010
The rich grew richer last year, even as the world endured the worst recession in decades. A stock market rebound helped the world’s ranks of millionaires climb 17 per cent to 10 million, while their collective wealth surged 19 per cent to $39-trillion, nearly recouping losses from the financial crisis, according to the latest Merrill Lynch-Capgemini world wealth report… In North America, the ranks of the rich rose 17 per cent and their wealth grew 18 per cent to $10.7-trillion.
Tags: economy, participation, tax
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