Opinion | Inequality and stock market investments
Policies should encourage the growth of low-cost efficient diversification vehicles that can benefit small investors
Inequality is a defining issue of our times. To get a sense of the scale of this issue, the Credit Suisse Global Wealth Report 2018 tells us that the top 1% of wealthy households in the world hold as much wealth as the bottom 47% of households in the world combined. Just focusing on India, the equivalent percentage of bottom households is greater than 50%, a number that has risen over the past decade.