The Day with Phil Gayle: Closing the Tax Gap
How has private wealth grown in Germany?
Private financial wealth hit new record highs during the pandemic. Globally, this individually held wealth reached $250 trillion an increase of 8% over 2019.
In Germany, wealth held in cash, savings, shares, pension plans and life insurance amounted to $9 trillion by 2020. When tangible assets such as real estates were factored in, the amount reached $20 trillion. German traditionally rather invest in real estate, BCG partner and report author Anna Zakrewski said. At the same time, investors in Germany are saving at an above-average rate.
Despite most people staying home for months on end in 2020, the number of dollar millionaires in Germany grew by 35,000 to a total of 542,000. Globally this group reached a total of 26.6 million individuals, an increase of 1.8 million from the previous year.
By Ines Kpakole
BANGUI, May 19 (Thomson Reuters Foundation) - Abdias is not afraid of contracting coronavirus when he leaves home each day with a basket of hard-boiled eggs to sell on the busy streets of Bangui, the Central African Republic s capital.
But the 11-year-old street vendor does fear the punishment he will endure if he fails to earn enough money for his family. My mother beats me and blames it on me, he told the Thomson Reuters Foundation one afternoon while selling his wares under the scorching sun with little to eat or drink.
Abdias left school last year as his mother could not afford the fees, and joined the growing ranks of children sent or forced to work and trade goods on the streets amid the pandemic.
COVID-19 plunges 100 million more workers into poverty - UN dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.
GENEVA, Switzerland - The COVID-19 pandemic has pushed more than 100 million more workers into poverty, the UN said Wednesday, after working hours plummeted and access to good-quality jobs evaporated.
AFP PHOTO/ MANILA BULLETIN And the labour market crisis created by the pandemic was far from o