Fewer people are millionaires, wealth inequality declines
ViewThe annual Global Wealth Report is now out and for the first time since 2008, there was a decline in global wealth.
According to the report prepared by UBS, global wealth dropped 2.4% in 2022 to $454 trillion. The average wealth per adult also dropped by 3.6% to $84,718 per adult.
UBS noted that one key reason is...