Domestic Society
21:41 25 November 2020
Post by: WBJ

Richest 10% of Poles have more than half of all wealth

Richest 10% of Poles have more than half of all wealth
Source: Pixabay

Currently, as many as 116,000 dollar millionaires live in Poland, and there are 3.24 million people, whose wealth exceeds $100,000 – these are the results presented in the latest, tenth edition of the Global Wealth Report 2019 prepared by the Swiss bank Credit Suisse.
This means that dollar millionaires constitute only 0.2 percent of society in Poland. This result is similar to that achieved in other countries in our region, such as the Czech Republic or Romania (in both countries this percentage was 0.1 percent).
For comparison, in Germany, dollar millionaires constitute 4.7 percent of society, in Great Britain – 5.3 percent, and in China – 9.5 percent. However, the United States has continued to be at the forefront of wealth 'production' since 2008 – the country is now home to 40 percent of all millionaires in the world.
World wealth has increased by 2.6 percent over the past year to $ 60 trillion, and per capita wealth hit a record high of $70,850, an increase of 1.2 percent from 2018.
In Poland, a group of 10 percent of the richest people owns more than half (56 percent) of all wealth, of which 1 percent of the richest have 26.6 percent. Such a division of wealth in Poland is similar to other countries in the world that we perceive as developed democracies: the Netherlands, Great Britain, or Italy.
Since last year, this indicator has improved for Poland. In 2018, 10 percent of the richest owned 62.4 percent of all assets and the most affluent 1 percent of people – almost 34 percent.
For comparison, in Russia, the richest 10 percent of society has 83 percent of all personal property in this country. This is a greater accumulation than, for example, in the United States – 76 percent and China – 60 percent.
(300gospodarka)

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